Solana: Leading the Fight Against Climate Change with Real-time Emissions Monitoring
Layer 1 blockchain network Solana has taken a step towards a greener future by introducing a real-time monitoring dashboard to measure on-chain carbon emissions. The new dashboard, currently available on the Solana Climate website, is the first of its kind for a major smart contract blockchain. The move comes as part of the nonprofit Solana Foundation’s efforts to grow and decentralize the network while considering the impact of its operations on the planet.
Solana Foundation Sets a New Standard for Measuring Emissions on Blockchain
By publishing real-time emissions data, Solana hopes to incentivize other blockchains to be more transparent about their carbon footprint. The foundation aims to lead by example and set a new standard for measuring emissions on the blockchain. According to a statement by the Solana Foundation, “The Solana Foundation hopes to set a new standard for measuring emissions on the blockchain by publishing this data.”
New Dashboard Provides Insights on Total Carbon Emissions
Solana has made the new dashboard with real-time data open source. The dashboard displays data such as total network node count, total carbon emissions by average and marginal usage, and total megawatt-hours. The dashboard also features graphs to allow for comparison between Solana’s carbon output and other emissions-producing activities. For example, the dashboard says that burning a gallon of gasoline is equivalent to executing 140,417 transactions on the Solana blockchain. Solana has also included data on its carbon footprint based on that of a Dell PowerEdge R940.
Solana Leads the Way towards a Sustainable Blockchain Industry
The Solana Foundation’s commitment to reducing carbon emissions shows that the blockchain industry is taking sustainability seriously. Cryptocurrency mining and transacting can have a significant environmental impact, and there is a growing need for transparency and accountability in the blockchain industry. Solana’s real-time emissions monitoring dashboard marks a step forward in achieving a greener blockchain industry that can benefit both the economy and the environment.
Conclusion
Solana’s new real-time emissions monitoring dashboard is a significant step forward in promoting transparency and accountability in the blockchain industry. By measuring carbon emissions and providing real-time data, Solana hopes to set a new standard for measuring emissions on the blockchain. The initiative also aims to incentivize other blockchains to be more transparent about their carbon footprint. Solana is leading the way towards a sustainable blockchain industry, and other blockchain networks are expected to follow suit in promoting sustainability while growing and decentralizing their networks. As per information from the source.
