Elrond becomes the first carbon-negative European blockchain.
The company’s co-founder said that Elrond is focused on positively impacting the planet.

Elrond has become the first carbon-negative European blockchain by offsetting more carbon than the network accounts for. While announcing its latest achievement on the 5th of August, Elrond revealed that it partnered with Offsetra to offset more carbon than the network is responsible for. 
Elrond becomes the first carbon-negative European blockchain
Generally, blockchain technology is designed to attend to complex economic issues. However, the technology utilizes a high amount of energy while handling a small fraction of the internet’s transactional needs. Research has shown that blockchain technology consumes more energy than an average-sized country. 
On the other hand, Elrond Network demands lesser energy and offers improved execution speed. Meanwhile, the Elrond network’s capacity of 15,000 transactions, scalable beyond 1

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