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Terminology Definitions

This section provides definitions of key terms used throughout the CO2 TRUST documentation to ensure clarity and understanding. These definitions are crucial for understanding the processes, concepts, and functionalities within the CO2 TRUST platform.

Key Terms​

Carbon Credit​

A carbon credit is a permit that allows the holder to emit a certain amount of carbon dioxide or other greenhouse gases. One credit permits the emission of one ton of carbon dioxide or the equivalent amount of a different greenhouse gas.

Token Locking​

Token locking is the process of temporarily immobilizing tokens within the CO2 TRUST ecosystem. This mechanism ensures tokens cannot be transferred or used during specified periods or conditions, enhancing security and compliance.

Token Listing​

Token listing refers to the process of adding new tokens to the CO2 TRUST platform. This involves verifying, evaluating, and approving tokens based on strict criteria to ensure they meet the platform's standards for quality and reliability.

Blockchain​

A blockchain is a decentralized digital ledger that records transactions across many computers so that the record cannot be altered retroactively. It ensures transparency and security in the CO2 TRUST platform.

Smart Contract​

A smart contract is a self-executing contract with the terms of the agreement directly written into code. They are used within the CO2 TRUST platform to automate and enforce agreements without the need for intermediaries.

Carbon Offset​

A carbon offset is a reduction in emissions of carbon dioxide or other greenhouse gases made in order to compensate for emissions made elsewhere. This is achieved through projects such as reforestation, renewable energy, and energy efficiency improvements.

Verification​

Verification is the process of confirming the authenticity and compliance of tokens or projects within the CO2 TRUST platform. It ensures that all listed tokens and projects meet the required standards and regulations.

Compliance​

Compliance refers to the adherence to relevant laws, regulations, and standards. In the context of CO2 TRUST, it ensures that all activities and processes conform to environmental regulations and industry standards.

Transparency​

Transparency in the CO2 TRUST platform refers to the openness and visibility of transactions and processes. It builds trust among users by ensuring that all activities are recorded on the blockchain and can be audited.

Security​

Security in the CO2 TRUST platform involves protecting user assets and data from unauthorized access, fraud, and other malicious activities. This is achieved through measures such as token locking, smart contracts, and regular security audits.

Decentralized​

Decentralized refers to the distribution of functions and powers away from a central authority. In the context of CO2 TRUST, it means that the platform operates on a decentralized blockchain network, ensuring greater security and transparency.

Ecosystem​

The ecosystem in the context of CO2 TRUST refers to the network of participants, processes, and technologies involved in the creation, trading, and management of carbon credits and tokens.