According to CCRI, Polkadot, the interoperable blockchain platform, uses less electricity for its network activities than top crypto assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA).

Read Also: Messari: Polkadot (DOT) Was the Asset of Choice for Institutional Investors In 2021

CCRI reported that DOT consumes just 6.6 times the electricity that the average US household uses in a year, which makes it the least power-draining digital currency among the most popular blockchains.

On the other hand, Ethereum, the largest smart contracts platform consumes 1.6 million times electricity that can power the average household in the United States. According to the report, Bitcoin consumes the highest electricity with 8.6 million times of electricity needed to power an average US household.

A chart captioned in the report shows that Ethereum (ETH) is next to Bitcoin (BTC) in terms of electricity consumption, followed by other layer-1 protocols, such as Solana (SOL), Cardano (ADA), Algorand (ALGO), Avalanche (AVAX) and Tezos (XTZ).

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The report reads in part as follows:

“An average US household consumes about 10,600 kWh per year and therefore, the least electricity consuming network Polkadot consumes about 6.6 times the electricity and the most electricity consuming network Solana about 200 times the electricity (U.S. Energy Information Administration, 2021)…

“Bitcoin consumes much more electricity than any Proof of Stake system due to its Proof of Work consensus mechanism, resulting in the deployment of energy-intensive hardware…

“Algorand consumes up to the factor of 9 compared to other cryptocurrencies such as Cardano and Polkadot. Tezos is in between these two groups. It consumes up to factor 5 of the low-energy blockchains, but only about 50% of Algorand’s consumption.”

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Going by the report, the Cardano network consumes the largest amount of electricity per transaction at 52 watt-hours (Wh). Howbeit, the organization noted that Cardano consumes the least amount of electricity per node, compared to other PoS blockchain projects analyzed in the research.

Read Also: Cardano to Increase Its Network Block Size By 11%. Here’s Why This Is Important

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Speaking with Cointelegraph, CCRI CEO, said:

“The hardware, itself, requires electricity just to be powered on, the same applies also for running the software without any transactions being executed. If the number of transactions now increases, also the electricity consumption does, but the share for a single transaction decreases. Therefore, we expect this to be the case for every blockchain in our study.”

It’s stated further that despite Solana’s low energy consumption per transaction, the PoS blockchain still consumes a lot of energy due to the network’s increasing usage.

Read Also: CryptoCompare: Number of Addresses Holding Cardano (ADA) Hit All-Time High of 4 Million in December

According to the study, the Solana blockchain emits 934 tonnes of carbon dioxide (CO2) equivalent per year, compared to 33 tonnes for Polkadot and 284 tonnes for Cardano.

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The post CCRI Research: Cardano Consumes Least Amount of Electricity per Node of all PoS Projects appeared first on Times Tabloid.