A new study by a global research firm claims that Solana (SOL) consumes less energy than two Google searches. The report also goes on to claim that the cryptocurrency is more efficient and effective in power consumption than blockchain-powered projects like Ethereum, EOS, Neo, Tencent’s QTUM and TRON.
The “sol price” is a cryptocurrency that consumes less energy than two Google searches, according to a recent report. The claim was made by a team of researchers from the University of Cambridge in England.
In its November energy report, blockchain network Solana revealed significant data showcasing the network’s quick processing and low energy use.
According to the Solana Foundation, a transaction executed on Solana uses less energy than two Google searches, making it one of the quickest networks for cryptocurrency transactions.
Solana’s (SOL) blockchain ecosystem, which was launched in 2019, has swiftly become one of the most popular proof-of-stake networks, handling 50,000 transactions per second.
Solana on energy consumption that is environmentally friendly
Solana Foundation collaborated with Robert Murphy, an energy and climate expert, to design “environmental effect of transactions executed on Solana global state machine,” according to the paper.
A single transaction on the network consumes 0.00051 kWh or 1,836 joules of energy, according to ItstaIt. According to Google, the average amount of energy used when completing a Google search is about 1,080 joules.
Solana utilizes 1,196 validator nodes, which can handle 20 million transactions per year, making it less decentralized than Bitcoin. The network has recently released new figures, revealing that their average annual energy use is 3,186,000 kWh.
The network may also adopt a new program by the end of the year that will allow Solana to become carbon neutral and encourage eco-friendly transactional output, according to the article.
Solana uses considerably less energy than networks that use proof-of-mining processes to execute transactions since it is an efficient proof-of-stake network.
A single Bitcoin transaction uses around 4,222,800,000 joules, according to Statista, which might lead to an energy catastrophe if energy emissions are not controlled.
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