• VeChain has unveiled a new feature that allows users to track carbon emissions generated by transactions on the network.
• The VechainStats data analytics platform offers advanced tools for tracking all CO2 emissions related to VET’s usage.
• The blockchain is taking steps towards promoting digital sustainability in the industry and revolutionizing the billion-dollar market with this innovative feature.
VeChain Introduces Carbon Tracking Feature
VeChain has recently announced a key feature that will revolutionize the billion-dollar market and promote digital sustainability in the blockchain industry – carbon emission tracking. Using VechainStats, an advanced data analytics and block explorer platform, carbon emissions generated by transactions on the network can now be tracked seamlessly.
VechainStats provides all on-chain metrics for VeChain tokens, Non-fungible tokens (NFTs) as well as other features. In consultation with DNV, VeChain’s team has built a carbon calculator to calculate CO2 emissions related to VET’s usage accurately in real-time. This makes it possible for users of the platform to get transparent feedback about how much carbon a single transaction produces regardless of its type.
The Sustainability Revolution
With this new feature, VeChain is leading the charge towards creating a sustainable future in the cryptocurrency world as conversations about reducing carbon footprints intensify over time. This places VeChain in a positive light and makes them one of few blockchain networks actively striving for sustainability through their protocol advancements and innovations.
Longstanding Presence In The Market
VeChainStats has been around since 2017 and continues to provide advanced tools for users of the network. Through its Steering Committee voting process, they have successfully completed all rounds of voting which enabled them to roll out this key feature recently shared via their twitter account.
The introduction of this feature stands as proof that VeChain is committed to revolutionizing digital sustainability within the blockchain industry by offering advanced tools that make it easier to track carbon emissions produced by transactions on their network accurately and efficiently in real-time.