Solana is among the numerous blockchains that have a deep focus on carbon neutrality. An important consideration especially now that climate change is becoming a more pressing issue. Unfortunately, a recent energy use report revealed that its carbon footprint has increased. It went up by 26% YoY from March 2021 to March 2022. The outcome […]
It’s here to be noted that energy efficiency and a low carbon footprint will play an increasingly important role in the future.
This is especially true for the blockchain industry. A highly efficient and sustainable blockchain network will be more attractive to potential dapps. That is to say- a network’s carbon footprint might have a significant impact on its adoption and utility.A higher level of utility can contribute to stronger price action. Speaking of price action, Solana will need more than a favorable carbon footprint to support SOL’s performance.
Its performance reflects a reduced interest in the last few months despite its discount. Likely due to the previous issues that affected the network’s operations. Solana has a long way to go before it can regain investors’ confidence and a smaller carbon footprint might not cut it.Subscribe to get it daily in your inbox.
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