Report claims each Solana TX uses less energy than 2 Google searches | bitcoin news | crypto news
0The report also found that a transaction on the Solana blockchain uses 24 times less energy than charging your phone.
--A transaction on the Solana network takes less energy than two Google searches, and 24 times less energy than charging your phone, according to a Nov. 25 report by the Solana Foundation.
--The report states that a single transaction on its network uses 0.00051 kWh, or 1,836 Joules, of energy. According to Google, an average search uses 0.0003 kWh or 1,080 Joules of energy.
--Perhaps more surprisingly, the report claims the entire Solana network uses an estimated 3,186,000 kWh per year, which is equivalent to the average electricity usage of 986 American households.
--In May, the Solana Foundation contracted Robert Murphy to write the report in order to “frame the environmental impact” of transactions on the Solana network. Murphy is the founder of Othersphere and was formerly an Energy Specialist at the World Bank.
--The Solana network is less decentralized than Bitcoin or Ethereum with 1,196 validator nodes that process an estimated 20 million transactions per year. The report states the Foundation will further reduce the network’s energy usage by implementing a program before the end of this year to become carbon-neutral and offset the environmental footprint of the ecosystem. No additional information was provided on whether the network plans to purchase carbon offsets or actually reduce its emissions.
--As Solana (SOL) relies on a Proof of Stake consensus mechanism, the network is far less energy intensive than those relying on the Proof of Work mining method such as Bitcoin (BTC) and Ethereum (ETH). Statista estimates that a single BTC transaction uses an average of 4,222,800,000 joules.
--It should be noted that networks technically do not use any particular amount of energy for an individual transaction. The energy usage of the network can be the same whether it processes one transaction or one million. However it is often used as a rough, if contested, comparison.
TELEGRAM : https://t.me/mostcryptonews
TWITTER : https://twitter.com/cryptonewseng
SUBSCRIBE: https://bit.ly/3g7vdxL
JOIN :
Music: Spark Of Inspiration by Shane Ivers - https://www.silvermansound.com/
Licensed under Creative Commons Attribution 4.0 International License
https://creativecommons.org/licenses/by/4.0/
Music promoted by https://www.chosic.com/
source : https://cointelegraph.com/news/report-claims-each-solana-tx-uses-less-energy-than-2-google-searches
crypto news, crypto news today, bitcoin news, bitcoin news today
#bitcoin #btc #cryptocurrency #crypto