Polkadot Requires Minimal Amount of Electricity When Compared To Other Top Chains.
According to new research, Ethereum’s rival Polkadot (DOT) uses the least amount of power of any significant blockchain.
According to recent study from the Crypto Carbon Ratings Institute (CCRI), the extensible blockchain platform consumes less energy than other major crypto currencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
The study revealed that DOT utilizes just 6.6 times the electricity the average US home uses in a year, making it the lowest power-draining digital asset among the top chains.
According to the CCRI, ETH consumes 1.6 million times the amount of power consumed by the average US home, while BTC consumes 8.6 million times more.
According to the study, the average US family spends around 10,600 kWh per year, therefore the lowest electricity demanding network Polkadot consumes approximately 6.6 times the power and the most electricity consuming network Solana consumes almost 200 times the electricity (U.S. Energy Information Administration, 2021) …
Because of its Proof of Work consensus method, Bitcoin consumes far more electricity than any Proof of Stake system, necessitating the use of energy-intensive hardware.
According to the statistics, the leading smart contract platform ETH trails BTC in terms of power consumption, followed by other layer-1 protocols SOL, Cardano (ADA), Algorand (ALGO), Avalanche (AVAX), and Tezos (XTZ).
When compared to other cryptocurrencies like as Cardano and Polkadot, Algorand consumes up to a factor of 9. Tezos is somewhere in between these two categories. It consumes up to a factor of five of the low-energy blockchains, but only approximately half of Algorand’s usage.
Polkadot is currently trading at $21.45, up 23% from its seven-day high of $17.42.
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Polkadot Requires Minimal Amount of Electricity When Compared To Other Top Chains.
According to new research, Ethereum’s rival Polkadot (DOT) uses the least amount of power of any significant blockchain.
According to recent study from the Crypto Carbon Ratings Institute (CCRI), the extensible blockchain platform consumes less energy than other major crypto currencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).
The study revealed that DOT utilizes just 6.6 times the electricity the average US home uses in a year, making it the lowest power-draining digital asset among the top chains.
According to the CCRI, ETH consumes 1.6 million times the amount of power consumed by the average US home, while BTC consumes 8.6 million times more.
According to the study, the average US family spends around 10,600 kWh per year, therefore the lowest electricity demanding network Polkadot consumes approximately 6.6 times the power and the most electricity consuming network Solana consumes almost 200 times the electricity (U.S. Energy Information Administration, 2021) …
Because of its Proof of Work consensus method, Bitcoin consumes far more electricity than any Proof of Stake system, necessitating the use of energy-intensive hardware.
According to the statistics, the leading smart contract platform ETH trails BTC in terms of power consumption, followed by other layer-1 protocols SOL, Cardano (ADA), Algorand (ALGO), Avalanche (AVAX), and Tezos (XTZ).
When compared to other cryptocurrencies like as Cardano and Polkadot, Algorand consumes up to a factor of 9. Tezos is somewhere in between these two categories. It consumes up to a factor of five of the low-energy blockchains, but only approximately half of Algorand’s usage.
Polkadot is currently trading at $21.45, up 23% from its seven-day high of $17.42.
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Patrick
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