According to studies, the blockchain consumes up to 99.9% less than Bitcoin or Ethereum. A figure that leaves you dreaming and indicates the excellent energy performance of the network.
Very low energy footprint
This is news that could reinforcement through the image. According to a recent study by the Crypto Carbon Ratings Institute (CCRI), we learn that Tron would be one of the most environmentally friendly blockchains. The CCRI is a research group with an interest in it carbon reduction issues in the blockchain sphere. The organization follows more than 20 blockchains and regularly publishes various reports on a sustainability and its carbon footprint.
To achieve this impressive result, Tron has chosen three consensus mechanisms Proof of Delegation of Promise (DPoS or Delegated Proof of Stake in French). Unlike the mechanism proof of workworking on Bitcoin and Ethereum for a few more days, the latter is much less energy intensive.
Here, users come to stake their tokens on nodes, which validate transactions and keep the network running. So, high computing power is not required and therefore major energy expenditure.
Energy consumption light years away from Bitcoin!
If you’re interested in numbers, it gets overwhelming fast. Bitcoin with its proof-of-work consensus mechanism is estimated to consume more than 83 million kilowatt hours over one year. Ethereum is outperforming its counterpart by 22 million kWh before moving to proof-of-stake, which will reduce this figure significantly.
When we look at the consumption of Tron, the difference is obvious. The blockchain created by Justin Sun does not eat than 162,868 kWh over one year for more 2.31 billion transactions. In fact, if some blockchains are proud of moderate consumption, you have to look at the number of transactions they support.
This is it a large volume and despite this Tron consumes him 99.9% less energy than Bitcoin. Besides, Tron is also on the highest number of active addressesall blockchain together, evidence of its widespread use.
According to @coinmetrics, #THRON in first place in the number of total active addresses compared to #BTC, #ETH, #XRP, #LINK, #BNB, #DOGE, #MANA, #ADA, #DOWRY, #QNTand #XLM 🔥 pic.twitter.com/5rj4u6t1uZ
— TRON Community 🅣 (@TronixTrx) August 16, 2022
The report recalls that this figure is equivalent to the energy consumption of 15 average American households. This impressive figure is largely due to the consensus mechanism. Bitcoin requires strong computing power and therefore a large expenditure of energy to validate the various transactions.
What are the greenest blockchains?
The CIRB recently issued a report in which it was presented Polkadot as the blockchain with the lowest carbon footprint. However, this solution only has a limited transaction volume compared to Tron.
Among the good students, the report mentions Cardano as the blockchain using the least energy per node over a year and Solan as the network that uses the least electricity for transactions. It is estimated that Solana consumes approximately the equivalent of 1000 families in the course of a year.
A more than reasonable figure for is one of the most widely used blockchains in the industry. In addition, the blockchain raised the idea of establishing a program to achieve carbon neutrality on its blockchain in the coming years.
Tezos is also a good student in terms of carbon footprint. Its energy footprint is equivalent to 17 citizens per year for approximately 50 million transactions. In addition, the blockchain continues his efforts and reducing this figure year after year. This is particularly low carbon footprint one of the reasons that appealed to Ubisoftwhen the video game giant had to choose a blockchain for its NFT market.
In this category of the greenest networks, we find Hedera Hashgraph which uses an architecture A Directed Acyclic Graph (DAG) to significantly reduce its carbon footprint. This architecture places the blocks without considering their order, unlike a traditional blockchain. If this topic interests you, we were talking about the greenest blockchains here!
The CCRI recalls that, despite the use of proof of stake, other factors must be taken into account when we are interested in blockchain energy consumption:
For projects choosing a PoS blockchain protocol, other factors such as decentralization, network throughput, and functionality (including smart contracts) should play a key role as decision criteria.
Energy footprint and ecological impact are topics that often come up when building crypts. Bitcoin is often denounced for its high energy consumption. Critics of the blockchain sphere often lump all blockchains together.
Few people take a closer interest in the big differences that they exist in terms carbon footprint from one blockchain to another. The blockchain industry is becoming increasingly aware of this the climate problem and many energy efficient solutions are emerging.
To learn more about Merge Ethereum and its impact on the environment, find our article here.