Avalanche's annual energy consumption and carbon emissions were orders of magnitude lower than Ethereum and Bitcoin.
The research firm, which tracks environmental impact of cryptocurrencies, discovered that Avalanche sucked 469,802.39-kilowatt hour of electricity annually as of 1 June 2023.The report also found that Avalanche’s annual energy consumption was equal to the annual consumption of 44 average U.S. households.
Additionally, with emissions of just 178.3 tCO2e per annum, Avalanche was one of the least eco-polluting PoS networks. Indeed, its carbon footprint was a minuscule fraction of that of Ethereum andThe study further highlighted that Avalanche’s electricity consumption dipped by 4% from last year despite the increases in Subnet usage.
Over the years, blockchains’ increased power consumption and carbon emissions have become a major sticking point between skeptics and endorsers of the technology. The bulk of the criticism was directed at PoW networks, which involve deployment of energy-guzzling machines. Fearing a blemish on their image and future growth opportunities, many solutions shifted to the PoS approach.
Since then, different stakeholders like investors, users, and regulators have been actively tracking climate impact of blockchains. In this backdrop, Avalanche’s impressive green indicators boded well for future investments and adoption.While Avalanche earned plaudits for its green credentials, native token AVAX was insulated from the achievement. The coin lost 2.55% of its value in the last 24 hours, trading atwere in operation as of this writing, with 1,464 validators.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
New Bitcoin: Ethereum hybrid set to explode this winterWith BTCS, developers can build dApps that take advantage of the security of Bitcoin and the flexibility of Ethereum.
Lire la suite »
Ethereum billionaire cohort steps up accumulationEthereum billionaires do not look like they are stepping on the brakes soon, as their accumulation has continued to soar.
Lire la suite »
As Avalanche looks to beat the bears, will this help?The number of smart contracts on the Avalanche network have started to rise. But nevertheless, AVAX witnessed a decline.
Lire la suite »
O'Connor's short-handed goal helps lead Avalanche past winless KrakenArttui Lehkonen and Logan O’Connor scored their first goals of the season in the second period, Mikko Rantanen scored his third with 6:15 remaining and the Colorado Avalanche beat the Seattle Kraken 4-1 on Tuesday night.
Lire la suite »
Bitcoin: What impact will spot ETFs have on BTC’s price?It was speculated that $155 billion could flow into the Bitcoin market upon clearance of the spot Bitcoin ETFs.
Lire la suite »
BTC’s bull run is on the cards but here’s why traders may have to wait for itWith Bitcoin ETF approvals getting closer as well as the fast-approaching next Bitcoin halving, one can’t help but wonder when the next BTC..
Lire la suite »