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Home/Uncategorized/Solana Foundation publishes new Solana Energy Use Report
Uncategorized

Solana Foundation publishes new Solana Energy Use Report

By Coin Gazette Editorial
December 6, 2023 2 Min Read
Comments Off on Solana Foundation publishes new Solana Energy Use Report
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The Solana Foundation has published its latest report on the energy consumption and carbon emissions of the Solana blockchain network. The report covers the period from April 1 to September 30, 2023, and shows that the network has achieved significant improvements in efficiency and sustainability.

According to the report, the Solana network emitted 4,392.9 tons of carbon dioxide (tCO2) in the six-month period, which is equivalent to 8,785.8 tCO2 on an annual basis. This is a 17.5% reduction from the previous report, which showed an annualized emission of 10,648.4 tCO2.

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The report also shows that the energy use per transaction on the Solana network has decreased by 25% since the last update, from 0.0000027 kWh to 0.0000020 kWh. This means that Solana transactions consume less energy than a single Google search, which uses about 0.0003 kWh.

The Solana Foundation has also reaffirmed its commitment to keep the Solana network carbon-neutral by purchasing carbon offsets for the entire network’s footprint. For the first time, these offsets were bought entirely on-chain, using ecoToken and Sunrise Stake platforms. The Foundation purchased 10,901.2 tons of carbon credits, which is more than enough to offset the network’s emissions for the whole year of 2022.

The Solana Foundation also announced that it has launched a new website, SolanaClimate.com, where anyone can track the network’s carbon footprint in real-time. The website uses data from ecoToken and Sunrise Stake to calculate the network’s emissions and offsets, as well as provide information on how to reduce one’s carbon footprint.

The Solana Foundation stated that it is proud of the network’s performance and environmental impact and that it will continue to work on improving its efficiency and sustainability. The Foundation also thanked the Solana community for its support and participation in making Solana a greener blockchain.

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