The Rabbit Hole #8🕳

Why is it always those in the financial sector who attack decentralized finance #DeFi for being energy-intensive?

Let’s disregard the energy inefficiencies of the banking system really quick and focus on crypto models versus something small like a Visa Credit Card transaction which uses 0.00092 kWh.

This is actually a lot when compared to Stellar (XLM) at 0.00022 kWh per transaction and Iota (IOTA) at 0.00011kWh per transaction. Even a Solana transaction uses less energy than 2 Google searches (0.00051 kWh per transaction). Not to mention, once we finally migrate to ETH2, Ethereum’s Proof of Stake model will decrease emissions by 99%.

Crypto is more sustainable than people think.

What do you believe will be the most sustainable blockchain?

Comment on LinkedIn⬇️

🔗 Keep learning my friends

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store