Low power requirements of the Tron network make it one of the most environmentally friendly blockchains, the Crypto Carbon Ratings Institute (CCRI) said in a report on Wednesday. CCRI is a research group focused on lowering carbon emissions for crypto projects.
Tron’s delegated proof-of-stake (DPoS) consensus mechanism contributed to its reduced carbon footprint as compared to other mechanisms such as Bitcoin’s proof-of-work (PoW), the report said. DPoS relies on users who stake their native TRX tokens to nodes, which validate transactions and maintain the network.
The report was commissioned by the Tron Foundation, which develops products for and maintains the Tron blockchain. CCRI tracks over 20 networks and publishes reports on their sustainability and overall ecological damage – which is a concern cited by several crypto skeptics.
The energy consumption of PoW blockchains, such as Bitcoin and Ethereum, is over 83 million kilowatts per hour (kWh) and 22 million kWh, respectively....
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