Assets, Ethereum

What Is the Green Ethereum?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Ethereum is a public blockchain-based distributed computing platform, featuring smart contract functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.

Ethereum also provides a cryptocurrency token called “ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

NOTE: WARNING: The Green Ethereum is an experimental cryptocurrency that is not recognized or supported by most cryptocurrency exchanges. Before investing in any cryptocurrency, it is important to research and understand the risks associated with the investment. Investing in the Green Ethereum may be high-risk, and you should never invest more than you can afford to lose. Do your own research and consult a professional financial advisor before making any investment decisions.

The native cryptocurrency of the Ethereum network is called ether. It is listed under the ticker ETH and has a market capitalization of over $41 billion as of January 2018.

In 2016, Ethereum launched a presale for ether which received an overwhelming response; this helped to start development on the Ethereum blockchain.

What is the Green Ethereum?
The Green Ethereum is simply the use of the Ethereum blockchain to facilitate transactions in the renewable energy space. This can take many forms, but some examples include using smart contracts to track energy generation and trade renewable energy credits (RECs).

The hope is that by making it easier to track and trade renewable energy, we can increase investment in renewable energy projects and speed up the transition to a low-carbon economy.

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