BTC PULSE
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
Play Now
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

Solana Transactions use the Same Energy as a “Few Google Searches”

by Favour Ajibade
Apr 23, 2022 - 12:00 am
in Blockchain
A Transaction on The Solana Network Now Uses More Energy Than Two Google Searches

A single transaction on the Solana network consumes 0.000752 kWh (2707 Joules) of energy, whereas a typical Google search consumes 0.0003 kWh (1,080 Joules).

Solana is an open-source, public blockchain with high performance that supports smart contracts, non-fungible tokens (NFTs), and various decentralized applications (dApps). The Solana network is designed to scale effectively for worldwide adoption. Anatoly Yakovenko and current Solana board member and Chief Operations Officer Raj Gokal, founded it in 2017. The SOL token, native to Solana’s blockchain, provides network security and a mechanism for transferring value through staking.

Last year, the Solana Foundation attempted to learn how large its energy footprint is as part of the Solana goal to be internationally adopted and reached out to Robert Murphy, asking him to determine the environmental impact of transactions on the Solana network in May 2021. Robert is an independent energy and cryptocurrency expert.

Robert Murphy compared the energy utilization of ordinary activities and other blockchain networks to Solana’s energy usage in a report by Solana. According to the March 2022 Solana’s Energy Use Report, one transaction on the Solana network now uses 2707 Joules of energy or less. In contrast, a typical Google search consumes 1,080 Joules, slightly higher than a single Solana transaction energy usage report from a few months ago. One Solana transaction consumes 1,837 Joules of energy, while two Google searches consume 2,160 Joules of power, according to Solana’s report from November 2021.

Although the average Solana transaction energy consumption has increased, the network is currently incredibly efficient, and its transaction energy consumption is significantly below the energy usage of blockchains such as Ethereum (equivalent to 287,305 Solana transactions) and Bitcoin (equal to 2,738,710 Solana transactions).

Furthermore, overall, Solana emissions are growing. The increase in validators has increased emissions. Validators’ number increased from 1,479 in December 2021 to 1,762 in March 2022. The network’s estimated CO2 emissions increased from 2,524 tonnes to 2,976 tonnes per year. Because the number of validators is likely to grow, the Solana Foundation said it would find a way to reduce its impact through Solana’s climate program.

Tags: EthereumSolana
Favour Ajibade

Favour Ajibade

Favour Ajibade is a content writer and crypto lover from Nigeria who is passionate about introducing Web3 and cryptocurrency-based technologies to the world through writing. He was first introduced to crypto in 2020 and was immediately intrigued. He is a student biomedical researcher and enjoys spending his free time reading and learning new things.

Related Posts

Shanghai cityscape with overlaying blockchain icons representing its commitment to technological growth.

Shanghai Unveils Blueprint to Boost Blockchain Progress by 2025

September 27, 2023

Shanghai announces a comprehensive strategy targeting rapid blockchain evolution by 2025, aligning with China's support for domestic blockchain...

A graph showcasing the decline in Binance's market share in 2023.

Binance’s Non-Dollar Exchange Market Share Dips by 25%

September 27, 2023

Binance's dominance in non-dollar crypto exchanges takes a hit, dropping 25% since January 2023, facing challenges from competitors...

Aerial view of Tecpetrol's new crypto mining setup, surrounded by the vast landscapes of Argentine Patagonia.

Argentinian Oil Giant Tecpetrol Turns to Crypto Mining Using Excess Gas

September 27, 2023

Tecpetrol ventures into cryptocurrency mining by converting excess gas into energy, setting an example in both sustainability and...

Binance CEO CZ engaged in a discussion regarding the recent HTX hack.

CZ Appoints Binance Security Team to Track Huobi HTX Stolen Funds

September 26, 2023

Binance's CZ extends a helping hand to Huobi HTX after a hack drained $8 million from the exchange....

Press Releases

David Ferrucci next to the Elemental Cognition brand emblem.

BM Watson’s Lead Developer Secures $60M for New AI Venture, Elemental Cognition

August 18, 2023

David Ferrucci, has raised a remarkable $60M for his AI startup. The company brings forward two pioneering chatbot solutions designed...

pulse5

Amsterdam Gets with the Dutch Blockchain Days the Biggest Event of the Benelux in the Field of Blockchain, Crypto Currencies, NFTs and Other Web3 Developments

May 8, 2023

Discover the future of blockchain, crypto, NFTs, and Web3 at Dutch Blockchain Days, the largest event in Benelux.

pulse4

Korea Blockchain Week 2023 Set to Push the Boundaries after Record-Breaking 2022 Event

May 8, 2023

Korea Blockchain Week 2023 returns after a highly successful 2022 event, featuring leading experts and the latest trends in blockchain...

pulse3

Istanbul Will Be Hosting Eurasia’s Largest Blockchain Event Once again on May 8–11, 2023

May 8, 2023

Join Eurasia's largest blockchain event, the Blockchain Economy Istanbul Summit, May 8-11, 2023, and discover the future of financial technology.

View All
BTC-Pulse LogoTransparent

© 2023 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

©2023 BTC-PULSE – All right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Blockchain
    • Bitcoin
    • Ethereum
    • NFT
    • Regulation
    • WEB 3.0
  • Price Prediction
  • Learn
  • Events
  • Advertise