Sarah Kaplan - Washington Post
ecological blockchain solutions
for circular economies
Much like other cryptocurrency based projects, EcoBlocks leverages its own ECB token to provide functionality within the platform. ECB is used to log recycling and logistics data to the blockchain and pay for transaction fees. The big difference is that EcoBlocks is not performing an ECB, and will not set aside a predefined portion of the generated tokens. Instead EcoBlocks will draw profits from transaction fees (on average 0.6 to 1.1% of transaction value) and data platform subscription fees, creating a closed-loop tokenized economy.
Note: EcoBlocks will leverage a Proof of Stake (PoS) cryptocurrency platform. Unlike Proof of Work (PoW) cryptocurrencies like Bitcoin, PoS does not rely on raw processing power to secure the chain, making it far less energy intensive, and thus a more eco-friendly option for green projects.
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