Dfinity Foundation says ICP consumes less energy than Cardano, launches proof of green initiative

A single Cardano (ADA) transaction consumes 8,598 times more energy than a transaction on the Internet Computer (ICP) blockchain network, according to Dfinity Foundation.

In an April 18 press statement shared with CryptoSlate, the Foundation said ICP was one of the greenest blockchains, adding that a single Google search consumes four times more energy than a transaction on the network.

According to the Foundation, ICP consumes less energy than competing blockchain networks like Solana (SOL), Avalanche (AVAX), Algorand (ALGO), Tezos (XTZ), and Cardano.

The Dfinity Foundation is the development team behind the Internet Computer network.

Dfinity launches proof of green initiative

The non-profit blockchain Foundation has partnered with Carbon Crowd to launch a Proof of Green (PoG) initiative.

The PoG initiative is designed to bring transparency and cut greenwashing in the blockchain industry by standardizing how blockchain networks report their carbon consumption.

Dfinity noted a growing concern of “greenwashing” in the blockchain industry as most networks claim to be the most sustainable. However, a European Commission report found that 42% of website claims were “exaggerated, false or deceptive.”

To combat this, the PoG concept gives blockchain networks the necessary tools to substantiate their claims.

“The PoG initiative works by measuring the electricity draw of network devices. The carbon intensity of the electricity used by a device is determined by a number of factors, including the energy source e.g. coal, natural gas, wind, solar, hydroelectric. Once the carbon emissions have been determined and validated, it should be reported to the relevant parties, and made public. The data must be human and machine-readable.”

A senior research Scientist at Dfinity Aisling Connolly said PoG is an energy reporting style that leverages the transparency around blockchain systems. According to Connolly, the concept should be widely adopted and “should be an industry standard.”

The post Dfinity Foundation says ICP consumes less energy than Cardano, launches proof of green initiative appeared first on CryptoSlate.