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Benzinga
Benzinga
Business
Adrian Zmudzinski

Algorand Transaction Fees To Pay For Carbon Offsets

Algorand blockchain Crypto

Major blockchain Algorand (CRYPTO: ALGO) plans to devote a portion of the ecosystem's transaction fees to purchase carbon credits at the decentralized carbon offset marketplace ClimateTrade.

What Happened: In a Thursday announcement, Algorand wrote it will implement a smart contract system that will automatically buy carbon credits on ClimateTrade with a portion of the fees of each transaction processed on the blockchain.

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