NewsletterTron Energy Usage Way Too Less Than Top Cryptocurrencies: Latest Report
Tron’s energy usage is relatively very less than that of some of the biggest cryptocurrencies, according to a latest report. Elon Musk’s stance on sustainable energy usage for Bitcoin mining sparked a new debate in the crypto ecosystem. His decision to back clean energy for mining operations came as a realization for many in the crypto ecosystem. In this context, it is crucial to prioritize renewable energy based blockchain projects for better prospects in the future. The Proof of Stake (PoS) consensus mechanism, known for low energy usage, could be adopted on a large scale for this very reason.
It is already well established that the consensus family of Proof of Stake is deemed superior regarding the electricity requirements. This is in comparison with the traditional Proof of Work consensus mechanisms. The Proof of Stake mechanism requires validators to lock in funds to propose or vote on new blocks.
Tron Energy Usage – A Study
A new report by the Crypto Carbon Ratings Institute (CCRI) studied electricity consumption of altcoin Tron. In addition, the corresponding carbon footprint of the TRON network was also analyzed in the CCRI report. After calculating the carbon emissions for the TRON network, the report suggested there was unnecessary debate about energy consumption of PoS protocols. The protocols consume an amount of electricity that does not justify the discussions about their environmental footprints at current levels, it said.
“In recent years, Bitcoin has faced harsh criticism for its electricity demand and carbon emissions. In the public, these fears and accusations have often been applied to other blockchain protocols.”
Low Energy Usage Of Tron Network
The report added that the energy consumed by about 15 US households is enough to suffice Tron network. “The total electricity consumption of the TRON network lies within the range of previously studied PoS blockchain networks.”
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Breaking: U.S. FDIC to Release First Stablecoin Guidelines Under GENIUS Act this Month
- Fed Chair Jerome Powell Speech: Bitcoin Climbs as December Rate Cut Odds Waver
- Crypto ETF News: Vanguard to Enable Trading of BTC, XRP, SOL ETF on Its Platform
- Operation Choke Point: House Republicans Spotlight Biden Administration’s ‘Attack on Crypto’
- Polymarket Rival Kalshi Moves On-Chain With Launch of Tokenized Prediction Markets on Solana
- XRP Price Prediction as Ripple Gets MAS Licence in Singapore
- Ethereum Price Crashes Below $3,000 as $500M Longs Liquidated: What’s Next?
- Pi Network Price Prediction Ahead of December’s 190M Scheduled Unlock
- Dogecoin Price Below $0.15 as Crypto Market Crashes: Will $0.10 Hold?
- Will the Binance Coin Price Rebound as a Key RWA Metric Jumps 99%
- AVAX Price Prediction After Bitwise Files for a Staking ETF — A Rebound Coming?
