Today news
About the same in other media
Transacting on Solana less energy-intensive than on Bitcoin, Ethereum, report reveals
Reading now: 792
Those looking at the metaverse from outside the crypto sector are often horrified by the carbon footprint of NFTs or the energy consumed while using Ethereum. However, Solana’s Energy Use Report for November 2021 puts numbers into perspective and signals a new trend in the crypto sector – the push to be eco-friendly.
Solana’s report stated,
“In the November 2021 update, the Solana Foundation determined that a single Solana transaction takes 0.00051 kWh, or 1,836 Joules of energy.”
To help readers better visualize this value, the report also provided a list of other common activities and their energy requirements. For example, Solana uses more energy than a single Google search, which reportedly consumes around 1,080 Joules.
However, a Solana
Read more on ambcrypto.comAbout this in other media
Bitcoin and Ethereum Price Predictions for 2022 cryptonews.com /2 years ago
Securities regulator SEBI to oversee India’s crypto market, report reveals ambcrypto.com /2 years ago
Google security report reveals, compromised cloud instances used for crypto mining ambcrypto.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
