Dfinity Foundation Says ICP Uses Less Energy Than Cardano, Launches Proof of Green Initiative
A single Cardano transaction (ADA) uses 8,598 times more energy than a transaction on the Internet Computer (ICP) blockchain network, according to the Dfinity Foundation.
In a press release on April 18 shared with CryptoSlateFoundation said that ICP was one of the greenest blockchains, adding that a single Google search uses four times more energy than a transaction on the network.
According to the Foundation, ICP uses less energy than competing blockchain networks such as 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 about “greenwashing” in the blockchain industry, as most networks claim to be the most sustainable. However, a The European Commission’s report found that 42% of claims on the website were “exaggerated, false or misleading”.
To combat this, the PoG concept provides blockchain networks with the necessary tools to substantiate their claims.
“The PoG initiative works by measuring the power consumption of network devices. The carbon intensity of the electricity used by a device is determined by a number of factors, including the energy source, eg coal, natural gas, wind, solar, hydro. Once the carbon emissions are determined and validated , it should be reported to the relevant parties and made public. The data must be human and machine readable.”
A senior Researcher at Dfinity Aisling Connolly said PoG is a energy reporting style that leverages the transparency of blockchain systems. According to Connolly, the concept should be widely adopted and “should be an industry standard.”
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