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News

Polkadot Requires Minimal Amount of Electricity When Compared To Other Top Chains.

February 7, 2022 - Around 2 mins mins to read

According to new research, Ethereum’s rival Polkadot (DOT) uses the least amount of power of any significant blockchain.

Polkadot Requires Minimal Amount of Electricity When Compared To Other Top Chains.
Polkadot Requires Minimal Amount of Electricity When Compared To Other Top Chains. 3

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) …

Polkadot Requires Minimal Amount of Electricity When Compared To Other Top Chains.
Source: nasdaq

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

Coincu News

News

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.

Polkadot Requires Minimal Amount of Electricity When Compared To Other Top Chains.
Polkadot Requires Minimal Amount of Electricity When Compared To Other Top Chains. 6

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) …

Polkadot Requires Minimal Amount of Electricity When Compared To Other Top Chains.
Source: nasdaq

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.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

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Patrick

Coincu News

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