The Solana Foundation asserts it is the first “major smart contract blockchain network” to publicize its environmental impact in this manner.
Solana’s carbon emissions are now being measured in real-time, the Solana Foundation announced today. It is alleged to be a first-of-its-kind action by “a major smart contract blockchain network.” The code that enables decentralized applications (dapps) and NFT initiatives is stored in smart contracts.
Starting immediately, Solana will routinely update a dedicated dashboard with statistics monitoring the network’s key environmental metrics, including its energy consumption, carbon footprint, and network power intensity. It retrieves real-time data from software deployed on Solana validator nodes but only updates the interface every two weeks.
The emissions tracker, which was created in collaboration with the carbon data platform Trycarbonara, compiles statistics from on-chain data as well as information collected directly from a representative sample of Solana validators.
Solana’s energy usage can be measured with considerably more accuracy because of this finer-grained data that shows when individual validators are online and offline and in what geographic context they utilize energy.
Environmental impact has long been a major concern for blockchain networks, which can consume vast quantities of energy to generate new cryptocurrency and facilitate on-chain transactions.
According to recent studies, the pollution generated by software and computers — a sector in which crypto-related outputs play a significant role — is nearly double that of the entire aviation industry, despite being less obviously harmful.
Also Read: Users Of Telegram Wallets Can Now Purchase, Withdraw, And Trade Bitcoin
Wallets