Connect with us


According to the report, each SolanaTX uses less energy than two Google searches




According to a November 25 report by the Solana Foundation, transactions on the Solana network consume less energy than two Google searches and 24 times less energy than charging a mobile phone.

The report states that one transaction on the network uses 0.00051 kWh, or 1,836 joules of energy. According to Google, the average search uses 0.0003kWh or 1,080 joules of energy.

Perhaps even more surprising, the report claims that the entire Solana network uses an estimated 3,186,000 kWh per year. This is equivalent to the average electricity usage of 986 households in the United States.

In May, the Solana Foundation signed a report with Robert Murphy to build the environmental impact of transactions on the Solana network. Murphy is the founder of Othersphere and formerly an Energy Specialist at the World Bank.

The Solana network is not as decentralized as Bitcoin or Ethereum and has 1,196 validator nodes processing an estimated 20 million transactions annually. The report states that the Foundation will be carbon-neutral by the end of this year and will further reduce the energy usage of the network by implementing a program to offset the environmental footprint of the ecosystem. No additional information is provided as to whether the network plans to purchase carbon offsets or actually reduce emissions.

Because Solana (SOL) relies on a proof-of-stake consensus mechanism, networks are far less energy-intensive than networks that rely on proof-of-work mining techniques such as Bitcoin (BTC) and Ethereum (ETH). Statista estimates that one BTC transaction uses an average of 4,222,800,000 joules.

Keep in mind that networks technically do not use a certain amount of energy for individual transactions. Network energy usage is the same whether you are processing a single transaction or a million. However, when there is a conflict, it is often used as a rough comparison.

With that in mind, one Ethereum transaction uses approximately 644,004,000 joules, based on the average number of transactions and the amount of energy required to run the network. According to Statista, the energy consumption of a single ETH transaction is comparable to over thousands of Visa card transactions.

Related: Cryptographic Climate Impact: Are Carbon Offsets Sufficient?

However, Eth2 is expected to use about 99% less energy than the current mainnet after switching to the Proof of Take.

Another low-energy alternative is Ripple (XRP), which uses 28,440 joules per transaction. According to Ripple, for every one million transactions on the network, the amount of energy used could have been able to power the bulb for 79,000 hours.

With the same amount of transactions, the energy used by BTC can power a bulb for 4.51 billion hours. For this reason, Ripple claims that XRP is 57,000 times more efficient than BTC.




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]