news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Beldex cryptocurrency fact check  in tamil | monero coin | bitcoin |crypto update |crypto scam

    Beldex cryptocurrency fact check in tamil | monero coin | bitcoin |crypto update |crypto scam

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Emergency – 100X Crypto coin just abi – jaldi karo #bitcoin #cryptocurrency

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Cryptocurrency Market Update in Sinhala | Crypto Market New Update | BTC Update | Technical Analysis

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    Attention Bitcoin Holders: BITCOIN JUST MOVED $3000 +5%

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    FORGET MEME COINS – THIS CRYPTOCURRENCY CAN 100X

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    BEST LAYER 2 SOLUTION | Polygon (MATIC) vs Arbitrum (ARB) | L2 Solution in 2023 | Cryptocurrency

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    FTM Fantom Crypto Price News Today – Elliott Wave Technical Analysis Update and Price Now!

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    BREAKING: COINBASE AND BLACKROCK ARE SENDING PEPE COIN TO $0.01 – EXPLAINED – PEPE COIN NEWS TODAY

    Beldex cryptocurrency fact check  in tamil | monero coin | bitcoin |crypto update |crypto scam

    Beldex cryptocurrency fact check in tamil | monero coin | bitcoin |crypto update |crypto scam

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

    Polkadot DOT Price News Today – Technical Analysis Update Now, Price Now! Elliott Wave Analysis!

No Result
View All Result
news4global
No Result
View All Result
Home Regulation

CCRI Finds TRON as One of the Top Eco-Friendly Blockchains

August 24, 2022
Reading Time: 5 mins read
0
CCRI Finds TRON as One of the Top Eco-Friendly Blockchains
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

US CFTC Chair Says Claim That the Agency Is a 'Light Touch … – Cryptonews

June 6, 2023
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic – Cointelegraph

June 6, 2023

Geneva, Switzerland, 24th August, 2022, Chainwire

TRON ranks as one of the most environmentally friendly blockchains across the Web3 landscape, according to the Crypto Carbon Ratings Institute (CCRI), a research group focused on lowering carbon emissions for crypto projects. The full report can be read here. It reveals the TRON blockchain optimizes its ecological footprint more than Ethereum, Bitcoin, Solana, Cardano, Avalanche, Algorand, and many more prevalent cryptocurrencies. The TRON network’s unique Delegated Proof of Stake (DPoS) consensus mechanism contributes to its reduced carbon footprint.

“The growing amount of energy that modern day Blockchains are using is not sustainable in the long term for users or economies at scale.The best networks are the ones that can promote decentralization while keeping their carbon footprint low in order to help lead the world into a greener future,” said H.E. Justin Sun, founder of TRON. The growth of environmentally friendly companies and institutions is creating new incentives and new regulations to ensure institutions lower their carbon footprints paving the way for a greener economy, the blockchains of the future are the ones that stay ahead of this trend.  

Traditionally, blockchains tend to be either Proof-of-Work (PoW) or Proof-of-Stake (PoS). The energy consumption of PoW blockchains such as Bitcoin and Ethereum is over 83 and 22 million kWh, respectively. TRON had a yearly energy consumption of only 162,868 kWh – 99.9% less than the power consumed by Bitcoin and Ethereum! The CCRI found that TRON’s energy consumption is equal to the energy consumption of 15 average U.S. households. While less environmentally friendly blockchains like Bitcoin and Ethereum consume energy equivalent to 8.5 million U.S. households and 1.6 million U.S. households, respectively. While energy consumption stays at an environmentally friendly rate for TRON, the network currently hosts 4,000+ Decentralized Applications (dApps) and over 100,000,000 accounts. This vast difference in energy consumption cements TRON’s status as one of the more sustainable blockchains in the world. 

(Different blockchains’ energy consumption)

TRON is still an environmentally sound blockchain when compared to other major blockchains in their carbon footprint. Solana, Cardano, Algorand, and Avalanche have a carbon footprint of 934.77, 286.41, 243.52, and 232.42 tCO2e, respectively. On the other hand, the TRON network has a carbon footprint of only 69.47 tCO2e. With the growing number of accounts, projects, developers, and institutions building on TRON, both the carbon footprint and the energy consumption have remained low and sustainable.

(Different blockchains’ carbon footprint)

A leading reason for the large amounts of energy consumption PoW blockchains produce is their validation requirements. To validate PoW networks computational power needs to be provided in order to solve complex algorithmic problems or puzzles, such as the SHA-256 hashing function with Bitcoin and Keccak-256 with Ethereum. Rather than using a hardware device to validate the TRON network, staking of the native token TRX allows you to validate transactions. PoS blockchains like Solana and Cardano follow a similar strategy – yet they continue to utilize a significantly higher amount of energy compared to TRON.

Node speed and its correlation with energy consumption is a vital metric to show the efficiency of transactions on the blockchain. In the case of TRON, the CCRI found that for over six million transactions that occurred on the blockchain, each node consumes only 0.0001915 watts of electricity per hour for every transaction; this shows that the entire TRON network uses 0.07028 wh/tx or about 254 Joules of energy per transaction. To put this into perspective, performing a simple Google search requires .0003 kWh or 1080 Joules of energy. It is important to note that energy consumption per node is not the best indicator of showing the sustainability of a blockchain. In order to understand how the trade-off between decentralization and energy efficiency works on a specific blockchain, decentralization of the network must be taken into account. With the TRON network, it has proven that a blockchain can be energy efficient and decentralized among its nodes.

With the growing concern over climate change and global warming, nations will continue incentivizing businesses, projects, and people to move away from high-energy output solutions. The status quo needs to change for mass adoption across the blockchain industry. Energy-efficient and sustainable networks will offer users, developers, and businesses the opportunity to scale. TRON DAO continues to lead in energy efficiency, allowing a genuinely frictionless and green economy to come to life.

About TRON DAO

TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of August 2022, it has over 107 million total user accounts on the blockchain, more than 3.7 billion total transactions, and over $11.5 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.

TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum

Contacts
  • Feroz Lakhani
  • press@tron.network

Share76Tweet47

Related Posts

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

US CFTC Chair Says Claim That the Agency Is a 'Light Touch … – Cryptonews

by admin
June 6, 2023
0

US CFTC Chair Says Claim That the Agency Is a 'Light Touch ...  Cryptonews

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic – Cointelegraph

by admin
June 6, 2023
0

Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic  Cointelegraph

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

UK Considers 'Crypto Tsar' to Head Up Regulation – Blockworks

by admin
June 5, 2023
0

UK Considers 'Crypto Tsar' to Head Up Regulation  Blockworks

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto Week Ahead: Bitcoin, Ethereum See Slumps Despite Market Expectations Market Woes May Continue – ABP Live

by admin
June 5, 2023
0

Crypto Week Ahead: Bitcoin, Ethereum See Slumps Despite Market Expectations Market Woes May Continue  ABP Live

Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs – Cointelegraph

Crypto scams on the rise, government institutions call for regulatory … – crypto.news

by admin
June 4, 2023
0

Crypto scams on the rise, government institutions call for regulatory ...  crypto.news

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
Protocon Announces ‘Contract Model’, an Alternative

Protocon Announces ‘Contract Model’, an Alternative

April 6, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Internal Blast Probably Breached Ukraine Dam, Experts Say (Cautiously)

Your Wednesday Briefing

June 7, 2023
PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

June 7, 2023
Canada wildfire smoke threatens health of millions

Canada wildfire smoke threatens health of millions

June 7, 2023
Tunisian black women: ‘My skin colour says I don’t belong’

Tunisian black women: ‘My skin colour says I don’t belong’

June 7, 2023

Latest News

Internal Blast Probably Breached Ukraine Dam, Experts Say (Cautiously)

Your Wednesday Briefing

June 7, 2023
PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

PGA Tour, LIV Golf & DP World Tour merger: Players ‘shocked and angry’

June 7, 2023

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global