1GCX Launches Sustainable Crypto Exchange

The world’s greenest global exchange, 1GCX, announced the launch of its new 1GCX centralized crypto exchange.

1GCX merges the power of blockchain with sustainable practices to allow for secure crypto trading and create traceable carbon exchanges within the free market to herald a new carbon economy.

In contrast to other crypto exchanges, the 1GCX platform was made to facilitate trade, provide umbrella governance, and allow for interoperability between the crypto and carbon markets.

By means of the platform's wrapped Proof of Work, transactions within the network will be represented by reserves and will be wrapped on the settlement ledger until assets are moved off the exchange, reducing the amount of PoW energy consumed.

The average global temperatures are increasing by 0.14 degrees Fahrenheit every decade since 1880, and 79% of U.S. individual investors and 99% of millennial investors show interest in sustainable investing.

It’s more important than ever for both organizations and individuals to make more environmentally conscious investment options. 

Using the 1GCX platform, users can contribute to a net-zero economy via exchange data that is backed up in real-time while all user information is encrypted. 1GCX will also run on green data centers which will be powered by solar, wind, and hydropower.

Additional to the sustainable operability, 1GCX also makes use of accounting mechanisms that ensure full finality of crypto transactions, smart contracts to enable fungibility between carbon offerings and crypto markets, and more. 

“Cryptocurrency doesn't need to be limited to ‘monetary centric transactions’ as a technology,” said Michael Wilson, President & COO, 1GCX. “Combined with the efforts of accounting for carbon, using 1GCX will allow investors to buy and trade new products and services in the open market that will increase economic growth and velocity.”