Enjin Gradient Hero
News
July 26, 2022

BeInCrypto Covers the Greenest Blockchains, Starting With Efinity

Written by
BeInCrypto Covers the Greenest Blockchains, Starting With Efinity
Efinity was featured in BeInCrypto's ebook about sustainable, green blockchains.

BeInCrypto has released an ebook about the greenest, most sustainable blockchains out there and spends some time talking about how each tech manages to be more carbon-conscious than your average Proof of Stake.

Efinity takes a featured spot here, with a couple of quotes from our CTO Witek Radomski about how parachains work in relation to the total energy used:

“There are other, greener PoS protocols available: Polkadot is proving to be among the most viable and carbon-conscious options, using the equivalent of 6.6 US households worth of energy per year, which is why we’ve chosen it as the destination for our NFT parachain, Efinity. Parachains do not require additional energy resources to operate, so Polkadot's energy consumption will remain less than 0.001% of Bitcoin.”

    - Witek Radomski

Also featured in the ebook is Nano, once upon a time known as RaiBlocks, which has positioned itself as an eco-friendly cryptocurrency with the emphasis on "currency." It uses a custom Delegated Proof of Stake mechanism.

Colin LeMahieu, founder and director of theNano Foundation, claims the network can run 15.5 million transactions with the energy of one Bitcoin transaction.

Cardano also made the cut, as did Algorand, and Stellar Lumens.

In addition to energy usage, the BeInCrypto ebook also talks about other factors such as decentralization.

It should be lauded for digging deeper into the energy statistics -- it's one thing to accept a quote with a statistic, and it's another to truly understand where that statistic came from and analyze it.

This ebook does the latter, and it's no surprise it finished up believing Efinity is one of the most sustainable blockchains in existence.

Check out the full ebook here.

BeInCrypto Covers the Greenest Blockchains, Starting With Efinity
Thank you! Please check your email.
Oops! Something went wrong while submitting the form.

You might also enjoy

Impossible Standards: One Metaverse Group Is Chasing the Purest Form of Interoperability
News
September 23, 2022
Impossible Standards: One Metaverse Group Is Chasing the Purest Form of Interoperability
HapiFam Replaces Scratch Card Promos with NFTs in Cereal Boxes in Malaysia
Ecosystem
News
September 16, 2022
HapiFam Replaces Scratch Card Promos with NFTs in Cereal Boxes in Malaysia
NFT Gaming is LIVE on Efinity With MyMetaverse’s Suite of Games
Ecosystem
News
September 14, 2022
NFT Gaming is LIVE on Efinity With MyMetaverse’s Suite of Games
Introducing: Enjin's First Unreal Engine SDK
News
Enjin
August 22, 2022
Introducing: Enjin's First Unreal Engine SDK
Download the Enjin Wallet
Google Play Logo App Store Logo
Join the movement to decentralize the Metaverse
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.