The Solana Network is more energy-efficient than browsing on Google, according to a newly released report from the blockchain project.
According to a report from the Solana team, transactions on the network take less energy to take place than a person looking up two searches on Google and a massive 24 times less energy than what it takes to charge a phone. The network is designed to mitigate energy use and conduct transactions as efficiently as possible while maintaining blockchain integrity. According to the network, one single transaction on its network uses only 0.00051 kWh (1,836 Joules) of energy. This compares to one Google search which takes 0.0003 kWh (1,080 Joules) of energy and keeping on an LED bulb for one hour which takes 36,000 Joules.
Solana and blockchain efficiency
Solana has been working with American economist Robert Murphy to write the report based on the environmental impact that transactions might have. Murphy, as an Energy Specialist at the World Bank, is an expert in navigating energy and economics. As per the report, transactions make up the fundamental blocks of Solana, from making a trade to purchasing a token, or buying an NFT.
The Solana Network is aiming to reduce how much energy it takes by introducing a carbon-neutral operation and putting energy-efficient systems in place to offset its carbon emissions. According to the report:
“Even with this low energy consumption, the Solana Foundation vows to even further reduce the Solana ecosystem’s environmental impact. By the end of 2021, the Foundation plans to introduce a program to help make Solana’s validator network carbon neutral and offset the footprint of the ecosystem.”
While Solana does boast energy-efficient mechanisms of the blockchain, it suffers from decentralization, offering a less decentralized network compared to Bitcoin and Ethereum because of its Proof-of-Stake method compared to a Proof-of-Work method. This makes the network’s security independent of energy usage, making the blockchain more environmentally friendly than other networks.