RateCaptain
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Rate Captain
No Result
View All Result
Home Cryptocurrency

Polkadot consumes least amount of electricity compared to Bitcoin, Ethereum and Solana

Rate Captain by Rate Captain
February 7, 2022
in Cryptocurrency
Reading Time: 1 min read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Ethereum’s competitor Polkadot network consumes the least electricity compared to Bitcoin, Solana and other top cryptocurrencies. This implies that Polkadot has a less negative impact on climate change than its counterparts . The network recently announced its Pioneers Prize program to reward technological innovation on the Polkadot blockchain.

The Crypto Carbon Ratings Institute (CCRI) conducted a new research on the electricity consumption of blockchain networks like Ethereum, Solana, Bitcoin and Polkadot. Based on research findings, Polkadot consumes less power than most popular cryptocurrencies, at 6.6 times the annual electricity consumption of an average US household.

AlsoRead

BNP Paribas has joined JPMorgan’s blockchain-based network.

Tether, USDT market cap has dropped by US$10B since UST collapse

Experts predicts the death of Shiba Inu

Bitcoin consumes the most electricity, followed by Ethereum, Solana, Cardano, Algorand, Avalanche and Tezos.

The electricity consumption by a blockchain network is a factor influencing the inflow of capital from institutional investors. This is evident from Tesla’s move in 2021, when the electric car giant stopped accepting Bitcoin payments in 2021, citing the environmental impact of BTC mining.

The Polkadot network recently announced its Pioneers Prize program, with a reward of $20 million for technological innovation in its ecosystem. The Ethereum-competitor is keen on supporting the growth of its ecosystem and Web3; the prize sets a series of challenges to pick winners.

 

Previous Post

As Bitcoin move to 43K, Ethereum, DOGE and SHIB Surge

Next Post

Tesla has close to 2billion worth of cryptocurrency

Related News

BNP Paribas has joined JPMorgan’s blockchain-based network.

BNP Paribas has joined JPMorgan’s blockchain-based network.

by Rate Captain
May 23, 2022
0

French banking giant BNP Paribas (EPA) has joined JPMorgan's (JPM) blockchain-based network for fixed income market trading, according to a...

Tether, USDT market cap has dropped by US$10B since UST collapse

Tether, USDT market cap has dropped by US$10B since UST collapse

by Rate Captain
May 23, 2022
0

Tether, the operator of the world’s largest stablecoin USDT, has seen US$10 billion of its market capitalization shaved off since...

Experts predicts the death of Shiba Inu

Experts predicts the death of Shiba Inu

by Rate Captain
May 18, 2022
0

It’s a matter of when, not if, we’ll see the death of Shiba Inu, according to the majority of Finder’s...

Central African Bank pushes back on Central African Republic adoption of Bitcoin

Central African Bank pushes back on Central African Republic adoption of Bitcoin

by Rate Captain
May 18, 2022
0

After the Central African Republic recognized Bitcoin as legal tender without consulting its monetary authority, the Central African bank is...

Next Post

Tesla has close to 2billion worth of cryptocurrency

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

BNP Paribas has joined JPMorgan’s blockchain-based network.

BNP Paribas has joined JPMorgan’s blockchain-based network.

May 23, 2022
CBN say Nigeria would reap the benefits of a rising oil price

Crude oil hit $111 a barrel amid weak dollar and OPEC’s stance to aid Russia

May 23, 2022

Popular Story

  • Tether, USDT market cap has dropped by US$10B since UST collapse

    Tether, USDT market cap has dropped by US$10B since UST collapse

    0 shares
    Share 0 Tweet 0
  • Naira Depreciates at all Markets: Naira Hits N610/$1 at B2B Market

    0 shares
    Share 0 Tweet 0
  • Experts predicts the death of Shiba Inu

    0 shares
    Share 0 Tweet 0
  • MTN Nigeria now more valuable than all Nigerian Banks combined

    0 shares
    Share 0 Tweet 0
  • Crude oil hit $111 a barrel amid weak dollar and OPEC’s stance to aid Russia

    0 shares
    Share 0 Tweet 0
Rate Captain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.