Solana Foundation Now Collecting Real-Time Carbon Emission Data
The Solana Foundation recently announced that it has started collecting statistics on its carbon emissions in real-time. This move is considered to be a first for a major smart contract blockchain network. Smart contracts store the code that runs Dapps and NFT projects.
Solana will regularly update a specialized dashboard with information tracking the network’s most critical environmental indicators, such as its energy usage, carbon footprint, and network power intensity. While the dashboard updates every two weeks, it receives data in real-time from applications running on Solana validator nodes.
Disclosing Environmental Impact
The emissions monitor is the result of Solana’s partnership with the carbon data platform Trycarbonara. It compiles statistics using on-chain data and information supplied by a random subset of Solana validators. This granular data monitors when individual validators are online and offline and the geographic context in which they utilize energy, providing more accurate estimates of Solana’s energy usage.
Blockchain networks have long been a source of controversy due to the significant quantities of energy required for cryptocurrency mining and on-chain transactions. By setting an example and disclosing the environmental impact of their own network, the Solana Foundation hopes to change the way crypto users view their impact on the environment.
Solana Price and Trading Volume
According to CMC, the Solana price today is $21.93 USD, with a 24-hour trading volume of $501,821,754 USD. Solana is down 2.00% in the last 24 hours.
- The Solana Foundation is now collecting statistics on its carbon emissions in real-time.
- Solana will regularly update a specialized dashboard tracking the network’s critical environmental indicators.
- The emissions monitor is the result of Solana’s partnership with Trycarbonara, providing more accurate estimates of Solana’s energy usage.
- The Solana Foundation hopes to change the way crypto users view their impact on the environment by disclosing the environmental impact of their own network.