Solana Foundation announces network carbon neutrality

by in Cryptocurrency News

Solana

The Solana Foundation, a non-profit corporation behind the development of the Solana project, plans to implement a program by the end of 2021 that will help make the network of validators carbon neutral.

In May, the organization contracted energy and climate consultant Robert Murphy. The specialist's task is to determine the consequence of transactions performed on the blockchain on the environment.

“Transactions are the fundamental building blocks of Solana — buying NFTs, making deals, or other things you can do with the network are all transactions,” the project's November energy report says.

According to the document, one transaction in Solana requires 0.00051 kWh or 1836 J of energy. That is relative to the cost of two searches on Google.

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At the same time, the same indicator for BTC is 6,995,592,000 J, ETH - 692,820,000 J.

In total, the Solana network uses approximately 3,186,000 kWh per year, which is comparable to the consumption of 986 US households. There are 1,196 validators on the blockchain, confirming about 20 million transactions during this period.

The Solana Foundation said it intends to further reduce the environmental influence of the Solana ecosystem.

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“By the end of 2021, the fund plans to implement a program that will help make the network carbon-neutral and offset the environmental impact,” the report says.