Centre Testing International Group (CTI) Archives - Times Tabloid https://timestabloid.com/tag/centre-testing-international-group-cti/ Cryptocurrency and Blockchain Tabs Fri, 11 Feb 2022 04:56:48 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://timestabloid.com/wp-content/uploads/2021/08/cropped-Times-Tabloid-Favicon-32x32.png Centre Testing International Group (CTI) Archives - Times Tabloid https://timestabloid.com/tag/centre-testing-international-group-cti/ 32 32 CTI Says VeChain is a Better Eco-Friendly Blockchain, Compared to Bitcoin, Ethereum, Cardano https://timestabloid.com/cti-says-vechain-is-a-better-eco-friendly-blockchain-compared-to-bitcoin-ethereum-cardano/ Tue, 28 Sep 2021 06:53:02 +0000 https://timestabloid.com/?p=970 The Centre Testing International Group Co. Ltd., popularly known as CTI, the pioneer and leader in the TIC industry which provides one-stop solutions on testing, inspection, certification, calibration, audit, training and technical services, has recognized VeChainThor as one of the most eco-friendly public blockchain networks in the industry. VeChain Foundation shared this in a tweet […]

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]]> The Centre Testing International Group Co. Ltd., popularly known as CTI, the pioneer and leader in the TIC industry which provides one-stop solutions on testing, inspection, certification, calibration, audit, training and technical services, has recognized VeChainThor as one of the most eco-friendly public blockchain networks in the industry.

VeChain Foundation shared this in a tweet with the community a couple of hours ago. In the report, the number of carbon emitted by VeChain blockchain in a year is compared to that of Bitcoin (BTC), Ethereum (ETH), and some proof-of-stake (PoS) blockchains such as Cardano (ADA).

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VeChain Foundation tweeted, “VeChain continues to drive emission reductions through its eco-friendly smart contract platform. Curious to see how much carbon we emit compared to BTC, ETH or ADA? The CTI report discussed below details the high efficiency of VeChainThor.”

According to the CTI report as summarized by VeChain Foundation in a blog post, the total carbon emissions per year generated by VeChainThor is around 4.58 metric tons, approximately 2.4% of the carbon emission generated for mining a single Bitcoin (BTC).

Read Also: VeChain Milestone: VeChainThor Mainnet Reaches 10,000,000 Blocks without Downtime

The blog post further stated that the total annual electricity consumption by VeChainThor is estimated to be 7581.31 kWh, relatively equaling the electricity used to process 4.3 Bitcoin or 51 Ethereum transactions.

The report added that a resource in the model provided by CTI shows some data (in terms of the estimation of electricity consumption per transaction) of some proof-of-stake (PoS) blockchains, such as Cardano, in relation to carbon footprint. The result shows that each transaction on VeChainThor consumed approximately 0.000216 KWh, which was 0.04% of the amount estimated for Cardano.

Courtesy of VeChain.org

Read Also: VeChain Releases New Version of VeChainThor Mobile Wallet with Price Display Support for VEED Token

Reacting to the results, Jason Rockwood, the General Manager, VeChain Americas, said:

“Brands take sustainability and carbon reduction seriously, and this report demonstrates that VeChain is the leader in enterprise-focused blockchain infrastructure.”

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The post CTI Says VeChain is a Better Eco-Friendly Blockchain, Compared to Bitcoin, Ethereum, Cardano appeared first on Times Tabloid.

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