New real-time dashboard set up by SolanaFndn purports to show how relatively little carbon the smart contracts platform is emitting. realDannyNelson reports
Pressure is growing for the crypto industry to take more accountability on blockchain-related emissions’ contributions to the climate crisis. The Bitcoin blockchain especially has come under wide criticism among environmental advocates for the, and the Ethereum blockchain’s transition to a “proof-of-stake” network was partly motivated by the desire for a more energy-efficient system.
Decentralized blockchains rely on massive networks of servers spread around the world; keeping them running requires plenty of electricity, and thus emits plenty of carbon.While most environmental critics’ crypto ire is focused on Bitcoin – its “proof-of-work” mining system is by far the most energy intensive process among the major blockchains – smaller networks like Solana are still committing to transparency reports that shed light on consumption.
Solana’s topline footprint is an estimate based on where the network’s validators and RPC nodes are in the world, Austin Federa, the Solana Foundation’s head of strategy, told CoinDesk. He said the dashboard models the local electrical grids. “We're probably over-estimating because data centers often have offset programs that we're not accounting for,” he said in a text message.
Future iterations of the dashboard could provide emissions data down to the wallet so that users of the blockchain can track their individual footprints, a
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