Solana launches emissions dashboard to spur blockchain carbon footprint transparency


The Solana Foundation, in collaboration with data platform Trycarbonara, announced the launch of a real-time tracking dashboard to measure carbon emissions on the Solana blockchain. 

According to a blog post from the foundation, this represents the first “major smart-contract blockchain” to measure carbon emissions in real-time. The organization hopes this will spur a trend towards carbon emissions transparency in the blockchain ecosystem:

How To Get Free Crypto  

“The Solana Foundation hopes to set a new standard for measuring emissions in blockchain by publishing this data.”

The new dashboard can be found on the Solana Climate website. Trackers there currently display the total node count, megawatt-hours, total carbon emissions average and marginal use, and numerous other indicators.

Related: Bitcoin mining and increasing energy bills — Sen. Warren vs. Crypto Twitter

The new dashboard also contains several emissions comparison charts where users can view side-by-side conversions depicting Solana usage versus numerous other emission-producing activities.

Burning a gallon of gasoline, according to the chart, produces the equivalent of conducting 140,416.67 transactions on the Solana blockchain, whereas performing a Google search adds up to one and a quarter transactions.

The data used to power the Solana Foundation’s real-time carbon emissions dashboard is available open source and is modeled on the estimated carbon footprint of the Dell PowerEdge R940.

Coinbase Banner  

Whether other blockchain outfits will adopt similar tracking systems remains to be seen, but this move from the Solana Foundation comes amid increasing global efforts to utilize blockchain technology to monitor carbon emissions around the world.

As part of its “Shaping Europe’s digital future” initiative, the European Commission, a politically independent arm of the EU’s executive that operates in tandem with the European Council, has lauded blockchain’s ability to serve as a foundation for the accurate measurement of carbon emissions in any sector.

In an article on the EU’s digital strategy blog, the commission wrote, “blockchain can be utilised through smart contracts to better calculate, track and report on the reduction of the carbon footprint across the entire value chain.”

Meanwhile, in the U.S., President Joe Biden recently floated budget plans that would add an excise on electricity used for cryptocurrency mining in the amount of 30%.

FreeBitcoin Banner  

Go to Source
Author: Tristan Greene

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.