Information about blockchain and why we use it

What are NFTs and fungible tokens?

Non-fungible tokens (NFTs) are the latest blockchain craze. But do you know what they are? We live in an era in which emerging technologies never stop introducing new terms to our vocabulary as they reshape our society. While some of them are too specialized to be discussed in the mainstream, there is one technology whose vocabulary is as likely to ...

By |2021-11-25T10:32:11+02:00November 22, 2021|Blockchain Technology|Comments Off on What are NFTs and fungible tokens?

Top 3 myths about blockchain

Learn about the most common myths about blockchain technology.   Myth #1 Blockchain = Cryptocurrencies The first myth is that Blockchain = Cryptocurrencies. This statement is incorrect, since Blockchain has many more applications apart from cryptocurrencies, such as tokenization or the registration of documentary evidence. Besides, there are some cryptocurrencies that use DLT technologies other than Blockchain. At ClimateTrade, each ...

By |2021-11-23T14:53:35+02:00October 4, 2021|Blockchain Technology|Comments Off on Top 3 myths about blockchain

How does Blockchain actually work?

This post will cover how blockchain technology works, the advantages it presents, as well as its disadvantages. It is easy for newcomers to mix up cryptocurrencies and blockchain. Although the first blockchain (Bitcoin) is a cryptocurrency, it does not necessarily mean all blockchains are (or will be) necessarily used as payment networks. Blockchain technology has unique properties without which we ...

By |2021-11-23T14:54:36+02:00September 30, 2021|Blockchain Technology|Comments Off on How does Blockchain actually work?

Why does ClimateTrade use blockchain technology?

Understand how this technology brings innovation and transparency to the carbon market. In the Kyoto protocol (1997) signing countries agreed to limit the emissions of six greenhouse gases, here is where carbon credits were born. This meant that polluting companies,  instead of paying taxes to the governments, could pay directly to the companies which generate those credits. Likewise any traditional ...

By |2021-11-23T19:18:33+02:00June 15, 2021|Blockchain Technology|Comments Off on Why does ClimateTrade use blockchain technology?

The greenest blockchain technology: is it possible?

Algorand pledges to be the greenest blockchain and be carbon neutral thanks to the alliance with ClimateTrade. The Algorand network was designed from the ground up to minimally impact the environment. Because its consensus is not based on energy-intensive proof-of-work and requires minimal computational power or electricity, Algorand has been a leader in minimizing the environmental impact of blockchain technology. “We understand ...

By |2021-12-01T11:40:15+02:00June 4, 2021|Blockchain Technology, ClimateTrade News|Comments Off on The greenest blockchain technology: is it possible?
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