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Transacting on Solana less energy-intensive than on Bitcoin, Ethereum, report reveals
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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.
Solana’s report stated,
“In the November 2021 update, the Solana Foundation determined that a single Solana transaction takes 0.00051 kWh, or 1,836 Joules of energy.”
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