Solana Blockchain Achieves Carbon Neutrality for 2021

The Solana Foundation starts a process to reduce carbon emissions to efficiently offset the emissions through the year.

By
Anirudh Tiwari
on
December 25, 2021
Category:
Breaking News

Future of Web3 & Finance Could be Green

The Solana Foundation has announced that the Solana network is now carbon neutral for 2021.

In the announcement on December 23, the foundation has also taken a pledge supported by the community to ensure the network remains carbon neutral with 2022 and beyond. The foundation is funding a process called ‘refrigerant destruction’ to offset the carbon footprint of the Solana network for the entirety of 2021. Geen America lists this process as one of the highest impact ways to reduce carbon emissions.

“We’re dedicated to keeping the Solana ecosystem as environmentally friendly as possible. Our carbon neutrality initiatives, paired with Solana’s high-performance, energy-efficient design, means the community can build a sustainable web3 future for many years to come,” stated Dan Albert, Executive Director of the Solana Foundation in the official press release.
Source: Solana

As previously reported by Solana.News, a report by Solana Labs titled ‘Solana Energy Usage Report - November 2021’ released on Nov. 25, revealed that a single transaction on the Solana network consumes lesser energy (1,837 Joules) than two mere Google searches, i.e., 1,080 Joules. This means that Solana’s energy consumption for one traction is 1.4% of that consumed for one transaction on the Ethereum network, the most utilized blockchain network for DeFi protocols.


What is Solana Foundation?

The Solana Foundation is a non-profit organization headquartered in Zug, Switzerland. The foundation is committed to the decentralization, growth, and security of the Solana blockchain network. The organization is working to make Solana the most censorship-resistant network in the world through various delegation programs, server programs, and stake pools.

Find more about Solana here:

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Anirudh Tiwari

Anirudh is a cryptocurrency analyst and writer who specializes in derivatives, DeFi, regulations and CBDCs. He has a Master’s degree in Finance. Before delving into crypto, he worked with a leading U.S. based investment bank. Apart from work, he is a music connoisseur and likes to play the drums.