How Cudos is Achieving Carbon Neutrality
Cudos has focused on Environment since the inception of the project,with Cudo Compute they focus on offering sustainable Cloud Computing solutions to everyone, Cudos is a Proof-of-Stake(PoS) blockchain which will make it a more sustainable network in the industry. In this article we will explore how Cudos as an project achieving Carbon Neutrality with its Blockchain & Partnership
Cudos Blockchain
Cudos Blockchain will be one of the greenest Blockchain with their unique PoS blockchain tech which can be understood in the below picture when it compares to other big players, in terms of power consumption per transaction.
To understand this picture more accurately the below picture represents all the data in multiples how much each of these big names consumes when compared to Cudos, comparison with top used Blockchain will blow your mind.
These comparisons show efficiency & Sustainability of Cudos Blockchain.This makes Cudos one of the Greenest blockchain out there in industry to further cut down the Carbon Footprints Cudos partnered with Project which can help to achieve that goal.
Partnerships
Cudos has partnered with two projects to further cut down the Carbon Footprint, which includes Kyoto Protocol which is one of the latest Cudos partnerships in the last few days while writing of this article & the 2nd partnership is with ClimateTrade. let’s talk about these partnerships in brief,
Kyoto Protocol
Kyoto Protocol is worlds first decentralised multilayer Carbon Credit finance Protocol, they will use trustless smart contract to improve the outdated carbon credit industry with a secure and transparent Blockchain ledger. KyotoProtocol.io offset earning protocol lets users earn carbon offset credits through staking, loaning and future trading or selling the carbon credits to companies on Kyoto’s marketplace.
Thoughts of Matt Hawkins, CEO of CUDOS on this partnership:-“The use of smart contracts has massive potential in the fight against climate change. KyotoProtocol.io allows us to offset our carbon footprint and incentivise it through their DeFi offerings. As building a sustainable computing model is at the core of our company’s values, it is encouraging to know that with KyotoProtocol.io, we can track our carbon credits transparently and reliably. We are happy to partner with KyotoProtocol.io to ascertain that we are meeting our target to stay carbon neutral,”
ClimateTrade
ClimateTrade’s main objective is to help companies achieve their sustainability goals by offsetting CO2 emissions and financing projects against climate change. Pioneer in the development of its marketplace based on Blockchain, Climatetrade has launched a digital solution that allows and promotes the acquisition of carbon neutral products and services by customers and suppliers of different companies.
Thoughts of Matt Hawkins, CEO of CUDOS on this partnership:-”Building a sustainable computing model sits at the very core of our company’s values. Choosing the right partner to help us offset our network’s carbon footprint warranted deep research and consideration. It was therefore imperative that the partner we selected, utilizes blockchain technology, offering transparency and traceability to where purchased carbon credits are being spent. We strongly believe that ClimateTrade is that partner, and we’re extremely proud to meet our target of ensuring Cudos is carbon neutral, in readiness for the network launch this quarter.”
Conclusion
Cudos is one of the greenest blockchain out there in the industry with the powerful blockchain which is more sustainable when compared to top Blockchains and also more energy efficient than Visa, but still Cudos has little bit Carbon Emissions to cut down those emissions Cudos partnered with Kyoto Protocol & ClimateTrade so that Cudos can achieve Carbon Neutrality. With all these stats we can say Cudos is now Carbon Neutral with the one Cudos will become Carbon Negative Blockchain.
About Cudos
Cudos is powering the metaverse bringing together DeFi, NFTs, and gaming experiences to realise the vision of a decentralised Web3, enabling all users to benefit from the growth of the network. We’re an interoperable, open platform launchpad that will provide the infrastructure required to meet the 1000x higher computing needs for the creation of fully immersive, gamified digital realities. Cudos is a Layer 1 blockchain and Layer 2 community-governed compute network, designed to ensure decentralised, permissionless access to high-performance computing at scale. Our native utility token CUDOS is the lifeblood of our network and offers an attractive annual yield and liquidity for stakers and holders.
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