Carbon Coin: Digital Carbon Credits for Achieving Carbon Neutrality
The Carbon Coin whitepaper was written and released by the Carbon Coin core team in late 2024, aiming to address the increasingly severe global climate change challenge and provide new solutions for sustainable development. Its core motivation is to leverage blockchain technology to build a transparent, efficient, and trustworthy decentralized platform for carbon emission rights trading and the carbon credit market.
The theme of the Carbon Coin whitepaper is “Carbon Coin: Building Decentralized Global Carbon Market Infrastructure.” What makes Carbon Coin unique is its proposal of the “Verifiable Carbon Credit Tokenization (VCC-T) Standard” and “Multi-Layer Consensus Mechanism (MLC),” enabling the digital confirmation, circulation, and retirement of carbon assets through blockchain technology. The significance of Carbon Coin lies in laying the foundation for a global decentralized carbon market, defining the digital standards for carbon credit assets, and significantly lowering the participation threshold and operational costs of carbon trading.
The original intention of Carbon Coin is to promote global carbon reduction efforts and address issues in traditional carbon markets such as lack of transparency, inefficiency, and centralization risks. The core viewpoint presented in the Carbon Coin whitepaper is: by combining “on-chain carbon credit issuance and management” with “smart contract-driven transaction settlement,” it ensures the authenticity of carbon assets while achieving decentralization, high efficiency, and global accessibility of the carbon market.