Solana (SOL), one of the most active proof-of-stake (PoS) blockchains, appears to be a PoS protocol consuming the lowest amount of electricity per transaction, according to a new report.The Crypto Carbon Ratings Institute (CCRI), a research startup focused on the environmental impact of cryptocurrencies, released on Wednesday a new report calculating the electricity consumption … [Read more...] about Report crowns Solana for using least energy per transaction, but there’s a catch
Transaction
Why is my Bitcoin transaction unconfirmed?
Transaction costs are calculated based on the transaction's data volume and network congestion. As a block can only hold 4 MB of data, the number of transactions that can be executed in one block is limited. Therefore, more block data is required for a larger transaction. As a result, more significant transactions are usually charged on a per-byte basis. When you use a BTC … [Read more...] about Why is my Bitcoin transaction unconfirmed?
QuickSwap lets users avoid Ethereum transaction fees with Polygon
As Ethereum gas prices rise, the chain that inspired Web3 is becoming gentrified, with high transaction costs pushing less wealthy users onto competing blockchains or scaling solutions. This means that many use cases are becoming unfeasible in the proverbial layer-one downtown, and suburban neighborhoods are being developed to allow for a cost-effective layer-two blockchain … [Read more...] about QuickSwap lets users avoid Ethereum transaction fees with Polygon
Ethereum transaction energy use equals 2.5 miles in a Tesla Model 3: Report
In contrast, a transaction on Tezos takes 0.0016 kWh or less than the energy required to charge an Apple Tablet for 10 minutes. 100 Tezos transactions is equivalent to driving 10 km in a Tesla Model 3. The energy use of the entire Tezos network is approximately equivalent to two households in the U.S. for the whole year. One question, though, is how competing blockchains such … [Read more...] about Ethereum transaction energy use equals 2.5 miles in a Tesla Model 3: Report
Shiba Inu interest tapers as transaction count in November drops by 40%
Interest in controversial meme token Shiba Inu appears to be waning as on-chain analysis shows significant drops in investor activity.According to blockchain analytics firm Bloxy, both the number of transactions and volume for November fell compared to the previous month. With the transaction count falling by over 40%.Since bursting into the top 20 in October, Shiba Inu has … [Read more...] about Shiba Inu interest tapers as transaction count in November drops by 40%