Transacting on Solana less energy-intensive than on Bitcoin, Ethereum, report reveals

Transacting on Solana less energy-intensive than on Bitcoin, Ethereum, report reveals

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. Greener than Google? “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 transaction is less energy-intensive than working for an hour on the …
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