VeChain is the greenest blockchain for a clean and healthy planet with billions of people and companies worldwide

• The VeChain ecosystem accounted for 4,459.41 kg in carbon emissions and a total of 1,789.58 kg YTD.
• The financial implications of the VeChain carbon emissions are estimated at $143 YTD, after amounting to around $357 last year.

The development of blockchain technology has evolved over the past decade since Satoshi Nakamoto left the last message. Various consensus mechanisms have been conceptualized to minimize power consumption, without compromising security. Also, the debate about blockchain decentralization and scalability has brought forth hundreds of layer 1 blockchains.

As cryptocurrency and blockchain technology enter the phase of mainstream adoption, global regulators are keen to ensure that environmentally friendly projects take the lead. Accordingly, the second largest blockchain by on-chain activity Ethereum recently completed the transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) via the Shapella/Shanghai upgrade.

Blockchains that break down O3 via CO

The high carbon emission of Bitcoin caused Tesla Inc. to stop its initiative to accept the best digital resource for consumption of electric vehicles. Tech billionaire Elon Musk insisted that the electric car maker would revise its decision at a time when Bitcoin miners migrate to renewable energy sources. According to a report on the environmental impact of crypto in 2022, Bitcoin’s annual electricity consumption in KWh was 115.9 billion, thus contributing to annual carbon emissions of 86 tons.

In the energy used per transaction, Bitcoin topped with around 1,184 kWh. Litecoin and Bitcoin Cash use approximately 19 KWh per transaction, while Polygon posted 90 KWh.

In this regard, the total number of trees needed to offset greenhouse gases from the top five energy consumers is more than 435 million units.

VeChain is user and environmentally friendly

VeChain, a state-of-the-art blockchain that uses two coins to streamline the global supply chain ecosystem, has been praised for its environmentalism. In particular, the VeChain ecosystem accounted for 4,459.41 kg in carbon emissions and a total of 1,789.58 kg YTD. As a result, the VeChain blockchain has been hailed for enabling crypto adoption through low transaction fees and high throughput.

They stopped at top 8 😆 I think vechain deserves a special mention for solving so many problems that most public blockchain protocols face
– low carbon
– scalable, low fees
– anyone can use the VeChainThor blockchain
– PoA 2.0 consensus mechanism = deterministic finality…

— Sarah Ⓥ (@Sarah_Nabaa) 24 April 2023

Reportedly, the financial implications of the VeChain carbon emissions have been estimated at $143 YTD, after amounting to around $357 last year.

As a blockchain with two token ecosystems, VET had a market cap of approximately $1.65 billion as of Wednesday and VTHO reported a valuation of around $85 million, its future growth prospects are expected to increase exponentially due to institutional adoption. According to the official VeChain website, the ecosystem boasts more than 2 million actives wallets. Since its inception, the VeChain blockchain has facilitated more than 45 million transactions, each of which consumes approximately 0.000216 kWh. VeChain noted;

Vechain’s energy consumption is equal to only 0.04 percent of other blockchains. The 2022 carbon footprint of Vechain’s core network of 101 government nodes was calculated at 4.46 t CO2e/year. This corresponds to almost one petrol-powered passenger car driven for one year,

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