Blockchain
Qtum Foundation to Plant 100,000 Trees with Binance Charity to Reduce Carbon Footprint
Singapore, Singapore–(Newsfile Corp. – April 26, 2022) – The Qtum Chain Foundation announced that they are partnering with Binance Charity to take part in the “Tree Millions” initiative, which aims to plant 10 million trees worldwide. To that end, Qtum Chain Foundation has donated $100,000 USD to Binance Charity towards planting 100,000 trees.
Qtum and Binance
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8506/121735_ad80d9abc4923a4e_001full.jpg
Qtum Going Green
Qtum aims to become a completely climate-neutral protocol. The project can achieve this by planting trees to offset the emissions caused by the electricity needed to run Qtum nodes. The Qtum network’s thousands of nodes can be run on devices that consume as little as 10 watts, but a good estimate to go with is 60 watts per node to account for other devices on the network. Qtum estimates that 100,000 planted trees will eventually offset all of the emissions caused since the main network was launched in late 2017, and possibly more.
“This is a very important initiative for us, and we are proud that we are getting the opportunity to do this with Binance Charity,” said Qtum Co-Founder Patrick Dai. “Not only does planting 100,000 trees negate our protocol’s carbon footprint, but it’s also a cool initiative towards a greener and a cleaner future.”
“We’re celebrating April as Earth Month so this timely partnership acts as a reminder to double down on commitments to building a cleaner, healthier planet. Forests are a lifeline to 80 percent of the world’s terrestrial animals and plants, and 1.6 billion people rely on them for their livelihoods. Binance Charity thanks the Qtum team for their commitment to helping vital reforestation efforts and we’re thrilled to see our ambition of 10 million trees planted worldwide come one step closer,” comments Helen Hai, Head of Binance Charity.
Qtum is also a signatory to the Crypto Climate Accord (CCA). Inspired by the Paris Climate Agreement, the CCA signatories aim to focus on the complete decarbonization of the cryptocurrency and blockchain industry. A goal that Qtum will achieve before the earliest-set goals by the accord.
####
About Binance Charity
Binance Charity aims to transfer philanthropy by developing a 100% transparent donation platform based on blockchain to build a future where technology innovation is used to end all forms of poverty and inequality, advance sustainable development and ensure that no one is left behind. To date, Binance Charity has supported over 1 million end beneficiaries through various projects.
For more information, visit: https://www.binance.charity/.
About Qtum
Qtum (pronounced Quantum) is an independent blockchain that combines the best parts of Bitcoin and Ethereum. The decentralized and public ecosystem runs using an environmentally-friendly proof-of-stake algorithm. Qtum provides a scalable, EVM-compatible smart contract platform on a UTXO-enabled blockchain.
For more information, visit: https://qtum.org/.
Contact:
Mattias Borg
Business Development Manager
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121735
bybit lucky
Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
-
Blockchain5 days agoBridging Innovation and Regulation: How Yellow Network is Transforming Non-Custodial Trading in a Pro-Crypto Future
-
Blockchain Press Releases5 days agoHTX Ventures Identifies Five Rapidly-Growing Sectors in 2024, Expects Positive Crypto Regulations Driven by Trump Next Year
-
Blockchain6 days ago
Prosper Adds 7,000 More ASIC Miners from BITMAIN To Drive Tokenization of Hashrate as Multichain RWA ; Targets 170MW Capacity With New Strategic Round
-
Blockchain6 days ago
Blocks & Headlines: Today in Blockchain (Reserve Bank of India (RBI), Aethir, Blockchain Center Abu Dhabi, Qubetics, )
-
Blockchain3 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain6 days agoLoan Brokers Market Opportunities and Strategies Report to 2033 – Loan Brokers Market Poised for Strong Growth, Forecasted to Reach $947.9 Billion by 2033
-
Blockchain4 days agoBuilding Bridges in Crypto: Bybit Sparked Dialogues and Joined Industry Leaders at Bitcoin MENA
-
Blockchain Press Releases4 days agoDubai Police Team Triumphs at KuCoin Sponsored 2024 Dubai Open Gov Padel Cup
