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by mtlynch 1863 days ago
That sounded interesting but I couldn't understand from the links how a blockchain can be carbon negative:

>To achieve a carbon-negative network, Algorand and ClimateTrade will implement a sustainability oracle which will notarize Algorand’s carbon footprint on-chain for each epoch (a set amount of blocks). With its advanced smart contracts, Algorand will then lock the equivalent amount of carbon credit as an ASA (Algorand Standard Asset) into a green treasury so that its protocol keeps running as carbon-negative.

I'm pretty familiar with the basics of cryptocurrency and blockchains, but the above paragraph makes almost no sense to me.

2 comments

They're going to buy carbon credits to offset the carbon emissions derived from using the network, then lock them away so they can't trade them off at a later time. That is definitely some marketing lingo tied around "we buy carbon credits".
It's times like this I ask myself whether I'm slow, or whether the text in question is needlessly complex.

My pessimistic side suggests this could be purposeful obfuscation of implementation by using complex language. No one will question their solution if no one can understand it.

On the other hand, I'm a big proponent of the Algorand project and based on the general quality of their work (the tech, docs, tutorials, etc.), I'd be surprised if there were anything malignant going on.