US Institution Draws Attention to This Altcoin: Compared to Bitcoin and Ethereum!

In a report released Wednesday by the Crypto Carbon Rating Institute (CCRI), Tron (TRX) altcoin He stated that its network is one of the most environmentally friendly blockchains thanks to its low power requirements.

*CCRI, cryptocurrency is a research group focused on reducing carbon emissions for its projects.

CCRI In Its Report Released, Tron (TRX) Altcoin Network Uses Much Less Energy Compared to Bitcoin and Ethereum

The report states that Tron’s authorized Proof of Stake (DPoS) consensus mechanism, of bitcoin It has been stated to contribute to a lower carbon footprint compared to other mechanisms such as the Proof of Work (PoW) system.

DPoS is based on users who stake TRX tokens to nodes that verify transactions and protect the network.

The report was commissioned by the Tron Foundation, which develops and maintains products for the Tron Blockchain.

CCRI monitors more than 20 cryptocurrency networks and publishes reports on their sustainability and overall ecological harm. Environmental concerns are one of the main arguments of many crypto critics.

Bitcoin and Ethereum The energy consumption of PoW Blockchains, such as PoW Blockchains, is over 83 million kilowatts (kWh) and 22 million kWh per hour, respectively. However, Ethereum is scheduled to switch to the Proof of Stake consensus mechanism in mid-September with the Merge update.

However, the annual energy consumption of the Tron altcoin network was measured at 162,868 kWh. That’s less than about 99.9% of what Bitcoin and Ethereum use.

“Tron Uses Electricity Equivalent to 15 Houses Annually”

This data put Tron’s energy consumption “equivalent to the energy consumption of 15 average US households,” according to CCRI.

*A major reason for the large amount of energy consumed by PoW Blockchains is verification requirements.

For PoW networks to be verified, users need a computer that can solve high-complex algorithmic problems. A large amount of electricity is consumed for the operation, maintenance and cooling of these computers.