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CTI Verifies VeChainThor as One of the Most Eco-Friendly Public Blockchain

CTI Verifies VeChainThor as One of the Most Eco-Friendly Public Blockchain Blockchain News
  • VeChainThor, now one of the most eco-friendly blockchains — CTI verifies.
  • This makes VeChainThor the perfect choice for long-term enterprise collaboration.

Introduction

Presently, the world faces climate change challenges. With the rise of blockchain, experts believe that “it has to play a more proactive role” in providing solutions for this problem. It is important to note that both Bitcoin and Ethereum rely on PoW (Proof-of-Work) to operate. This means the entire sector uses several technologies and designs that assure efficiency.

With this, the VeChainThor blockchain works on cultivating a healthier planet by giving green technologies. According to VeChainThor, the network provides sustainable infrastructures to companies in building smart contract solutions. VeChain says it uses a stable and effective PoA consensus mechanism and updates the public ledger using energy-efficient methods.

In fact, VeChain worked with CTI (Centre Testing International Group Co. Ltd.)  to build and retain this kind of practice. Because of this, VeChainThor is now verified as one of the most eco-friendly public blockchains in the world.

VeChainThor: Eco-friendly Blockchain

(Image from: vechain.org)

The model above shows how the entire VeChainThor network runs per year. Here, it reveals that the total carbon emissions of VeChain go around 4.58 metric tons and its total electricity consumption is around 7581.31 kWh. This roughly amounts to 4.3 BTC or 51 ETH transactions. Sources also show that some of the PoS chains are related to the carbon footprint. Thus, each transaction at VeChain consumes about 0.000216 KWh, which is 0.04% of the amount that Cardano does.

It is important to note that the energy cost per transaction on blockchains or decentralized networks is relevant. It determines whether the network can achieve long-term sustainability.

Conclusion

Because CTI is a credible source of knowing if a blockchain is sustainable, VeChain’s verification from CTI is a remarkable feat. Reports say that VeChain is already working on its upcoming PoA 2.0 consensus mechanism upgrade. In detail, VeChain will provide a more secure and efficient layer 1 public blockchain —with a high-performance and a neutral impact on the environment.

With all these said, reports say the public’s — most especially enterprises — perfect choice for long-term enterprise collaboration is VeChainThor.

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Cho Amisola is a passionate writer for both creative writing and digital publishing. She’s been featured and published in both areas and is now focusing on blockchain news.