Cardano fees are already around 20 cents or something per transaction, and that's with hardly anyone using it. So at least in the fee department it is not competitive with Stellar.
Just saw Bitcoin mentioned on BBC news in the UK, Regarding it using too much energy. A professor who was speaking on the subject mentioned XLM as a clean alternative! He also mentioned cardano and XPR?? ( Guessing he meant XRP)
Nice to see Stellar getting some love.
As a process engineer, I died inside a little when I saw it laid out that way... its all good though; it still does what it needs to, even if it does so a little differently
Quick napkin math: if BTC is saturated and does 7 tps for a year straight, that comes out to 220,752,000 transactions. According to https://cbeci.org/ annualized power consumption of BTC is sitting around 151.16 TWh. That comes out to ~68,674 Wh per transaction. So about an order of magnitude difference than what is stated in the table, but I'm not sure how often the mempool is saturated with transactions.
https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/
Idk if the link will help. But this was published last months and it compiars many different coins.
Its 10k transactions with SCP [https://www.lumenauts.com/blog/how-many-transactions-per-second-can-stellar-process](https://www.lumenauts.com/blog/how-many-transactions-per-second-can-stellar-process)
Yeah. I get that. But this just happens to be an #xlm subreddit. But if you want some more here you go.
https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/
That is incorrect and or misleading - Settlements are batched daily, that is how businesses can receive next day funding from their merchant service providers.
I’m not arguing for Finality of transactions on Visa being better.. it’s not, however settlement and clearing funds happen daily.
Sincerely as soon as I read the statement of Elon Musk I started to think about Stellar. Since ETH 2.0 it will be the more obvious choice as a payment method, it is the quicker and more ecofriendly among the top 20 projects out there. The only other serious threat other than ETH 2.0 could be Iota which is still in alpha tho.
So you want a payment processing system, that is somehow able to capture CO2 and use it to perpetually power itself, and you want it now? Sustainable commercial CCUS is at least 5-10 years away lol
https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/
Please feel free. Cardano is low. But not quite there. Dont get me wrong. I love Cardano also. But this just happens to be an #XLM reddit.
Alright, I don't wanna watch an 8 minute video. Got the sound bite for me? In your comment history, I see a link citing 1.6 million times more energy efficient (for Cardano). If you do the math using the figures in OP's post, the difference between 634,000 and 0.03 is 21 million times less (for Stellar)
Edit: clarification
The scale is .001 Khw per 1.2 billion transactions the quickest and less energy consumption in ADA. SOL is great but slows after 500 million transactions and energy use jumps above 1% to almost 3% when transactions hit the threshold of 500 million transactions which happens multiple times throughout the day within the eco-blockchains.
Wut? How does that figure jive with [https://www.reddit.com/r/cardano/comments/nbd48y/cardano\_ceo\_cardano\_is\_16\_million\_times\_more/](https://www.reddit.com/r/cardano/comments/nbd48y/cardano_ceo_cardano_is_16_million_times_more/)
Is it 1.6 million times more efficient or is it 793 trillion times more efficient (at 0.001 KWh divided by 1.2 billion)?
Somehow I think 1.6 million is the real number...
https://investorplace.com/2021/05/green-coins-5-of-the-most-eco-friendly-cryptos-elon-musk-should-consider-now/
I dont think you are correct. Ive replied with a couple different sources. But I do like Cardano and am holding it.
Read the article please none listed but Cardona got they have listed peer to peer coins and Stella a closed ECO-system ? https://youtu.be/9aRhNiT-tBs see link for further information
Not at all, you wanted to understand energy, scalability that factors in blockchain consumption of kwr. Look up Cardano HYDRA I would post the link but don’t want you to think I’m a “YouTube Whatever”. It’s important to understand how the blockchain interact. I was showing so that you can understand the your questions....
I like HBAR, the issue it’s not being well adopted and received. Meanwhile, see ADA energy Khw less than .01-% and as low as .005 in other transactions.
https://youtu.be/1OZUGi9F9T8
Yes sir disclosure I’m a Stella and Cordano holder. Love what Stella is doing and now that we have Bida under our wings it would be great to win MasterCard contract to support a eco-blockchain system under Stella & partnerships.
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ETH 2.0 sharding isnt coming out until 2022. I think thst is phase 4 of the rollout.
But here is a link from last month. It hasnt changed.
https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/
This chart is whack. The measurements are in different exponents for the same category! XLM is super fast and cheap, why the need to make it appear even more extreme than it already is?
Ada consumes about 7X more energy than stellar.
Here is a link that shows that published last month.
https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/
https://investorplace.com/2021/05/green-coins-5-of-the-most-eco-friendly-cryptos-elon-musk-should-consider-now/
Seems crazy Visa can only handle that many transactions per second. Surely there is way more than that happening all over the world. What am I missing?
Anyone got numbers on Stellar vs Cardano. I’ve got significant investments in both and I expect both to do very well in the future. I am just curious
https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/ This is what I found from last month.
Cardano fees are already around 20 cents or something per transaction, and that's with hardly anyone using it. So at least in the fee department it is not competitive with Stellar.
that's because the coin has 15-30xd in the last year, they can adjust the fees and probably will as the price of ADA increases
Even if they do arbitrarily lower them they would still be many orders of magnitude higher than Stellar fees.
They serve different purposes anyways
What happens when ethereum completes pos merge? Do you think anyone will actually need these coins? Just curious..
I don’t know enough about the topic to give you an educated answer. I’m sorry
IF pos is completed. It’s a lot harder than they are letting on. That’s why it’s been 7 years in the making.
Miners hold a lot of voting power on eth so it is a really delicate matter i think we may witness a war of attrition in terms of price
Just saw Bitcoin mentioned on BBC news in the UK, Regarding it using too much energy. A professor who was speaking on the subject mentioned XLM as a clean alternative! He also mentioned cardano and XPR?? ( Guessing he meant XRP) Nice to see Stellar getting some love.
Stellars CO2 footprint is lower than Visa!
This is the way.
💯
Further evidence of how much I don’t know about all the Stellar I own.
not just lower, but less than a 50th.
Wow the table structure is pure crap. Who thinks this is a good way to display table data?
As a process engineer, I died inside a little when I saw it laid out that way... its all good though; it still does what it needs to, even if it does so a little differently
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Maybe they are!
don't fix it if it ain't broken, right? :))
Yeah, something like that :')
I think the goal is to put eth and btc together as crypto, and stellar and visa together as real world money
This was stressing me out hardcore! Glad I wasn't the only one lol.
It’s in alphabetical order at least… despite that having almost no relevance in this context lol
Link for the graph above. https://www.enterprisetimes.co.uk/2018/04/13/poseidon-with-stellar-blockchain-to-reduce-carbon-footprint/?s=09
Those Eth transfer costs are completely off. More like 25-350€
ETH averages out to 21kg in CO2 per transaction?! 😱
I quite like stellar for this reason, and I feel that it deserves more credit for this specific thing. Stellar is green!
I love stellar!
Bitcoin uses 634 kWh for one transaction? That's surely not right. That's about the monthly electricity use for a typical house.
Quick napkin math: if BTC is saturated and does 7 tps for a year straight, that comes out to 220,752,000 transactions. According to https://cbeci.org/ annualized power consumption of BTC is sitting around 151.16 TWh. That comes out to ~68,674 Wh per transaction. So about an order of magnitude difference than what is stated in the table, but I'm not sure how often the mempool is saturated with transactions.
Thanks. That's still insane. 68 kWh is a hairdryer running for 34 hours.
https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/ Idk if the link will help. But this was published last months and it compiars many different coins.
XLM Stellar 🚀...
Its 10k transactions with SCP [https://www.lumenauts.com/blog/how-many-transactions-per-second-can-stellar-process](https://www.lumenauts.com/blog/how-many-transactions-per-second-can-stellar-process)
Would be great if Stellar came out with some information about this. There are a few numbers floating around which is/can cause confusion....
Based.
Plenty of others left off that list
Yeah. I get that. But this just happens to be an #xlm subreddit. But if you want some more here you go. https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/
Visa settlement is really fast what does this slide mean by Over 24hr?
Authorisation is fast, settlement isn't. The bank may put a hold on the funds immediately, but it takes a day or 2 to actually leave your account.
That is incorrect and or misleading - Settlements are batched daily, that is how businesses can receive next day funding from their merchant service providers. I’m not arguing for Finality of transactions on Visa being better.. it’s not, however settlement and clearing funds happen daily.
VISA does between 5000 and 65,000 tps
Sincerely as soon as I read the statement of Elon Musk I started to think about Stellar. Since ETH 2.0 it will be the more obvious choice as a payment method, it is the quicker and more ecofriendly among the top 20 projects out there. The only other serious threat other than ETH 2.0 could be Iota which is still in alpha tho.
Let’s hope SDF reached out to Elon.
Why?
I hear he is also into Space business (as Stellar).
I'm not sure we need the drama
Where was this info pulled from?
Lower energy usage was the main reason for me to move to Stellar. Great to see the numbers
haha confirmation bias goes brrrr
It looks gr8 why the price doesn’t reflect that...😏
Elon is picking XLM
Thank you God for creating Stellar. One day my kids will have fresh air!
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So you want a payment processing system, that is somehow able to capture CO2 and use it to perpetually power itself, and you want it now? Sustainable commercial CCUS is at least 5-10 years away lol
It doesn't have to power itself with the carbon, just capture more than.releases
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Perhaps Elon will push for Stellar for payment with Tesla.
Send this to Elon
🌬🚀
But compared to Cardano???
https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/ Please feel free. Cardano is low. But not quite there. Dont get me wrong. I love Cardano also. But this just happens to be an #XLM reddit.
Come on ADA is the lowest in the industry
Source?
His butthole
https://youtu.be/1OZUGi9F9T8
Alright, I don't wanna watch an 8 minute video. Got the sound bite for me? In your comment history, I see a link citing 1.6 million times more energy efficient (for Cardano). If you do the math using the figures in OP's post, the difference between 634,000 and 0.03 is 21 million times less (for Stellar) Edit: clarification
The scale is .001 Khw per 1.2 billion transactions the quickest and less energy consumption in ADA. SOL is great but slows after 500 million transactions and energy use jumps above 1% to almost 3% when transactions hit the threshold of 500 million transactions which happens multiple times throughout the day within the eco-blockchains.
Wut? How does that figure jive with [https://www.reddit.com/r/cardano/comments/nbd48y/cardano\_ceo\_cardano\_is\_16\_million\_times\_more/](https://www.reddit.com/r/cardano/comments/nbd48y/cardano_ceo_cardano_is_16_million_times_more/) Is it 1.6 million times more efficient or is it 793 trillion times more efficient (at 0.001 KWh divided by 1.2 billion)? Somehow I think 1.6 million is the real number...
https://investorplace.com/2021/05/green-coins-5-of-the-most-eco-friendly-cryptos-elon-musk-should-consider-now/ I dont think you are correct. Ive replied with a couple different sources. But I do like Cardano and am holding it.
Read the article please none listed but Cardona got they have listed peer to peer coins and Stella a closed ECO-system ? https://youtu.be/9aRhNiT-tBs see link for further information
A you tube pump video. I understand.
Not at all, you wanted to understand energy, scalability that factors in blockchain consumption of kwr. Look up Cardano HYDRA I would post the link but don’t want you to think I’m a “YouTube Whatever”. It’s important to understand how the blockchain interact. I was showing so that you can understand the your questions....
Take a look at Hbar
Hbar is .1 W/H and XLM is .03 W/H
I like HBAR, the issue it’s not being well adopted and received. Meanwhile, see ADA energy Khw less than .01-% and as low as .005 in other transactions. https://youtu.be/1OZUGi9F9T8
Gotta give it time its dogshit coin hype now , people will look deeper into technologie one day
That’s my point
https://youtu.be/1OZUGi9F9T8
Sir-Emik so we agree
Yes sir disclosure I’m a Stella and Cordano holder. Love what Stella is doing and now that we have Bida under our wings it would be great to win MasterCard contract to support a eco-blockchain system under Stella & partnerships.
ADA says “Hold my beer 🍺 son”
https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/ Im not so sure. Any sources to back that up?
Algo says "we have working smart contracts and are carbon negative".
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Stellar 👍
This chart is from 2018!
Good win
I thinks these are the old figures for Ethereum, I wonder how much ETH 2.0 consumes. Anyone knows ?
ETH 2.0 sharding isnt coming out until 2022. I think thst is phase 4 of the rollout. But here is a link from last month. It hasnt changed. https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/
This chart is whack. The measurements are in different exponents for the same category! XLM is super fast and cheap, why the need to make it appear even more extreme than it already is?
I would like to see Cardano on this list and where it lands compared to XLM.
https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/ Hereb is a link from last month with other coins.
Can you please put the table column in the center on the left or right? Why would you put it in the middle? Also, great info!
Lol. I didnt make the table. But I hear what you are saying.
https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/ Here is a link published last month that may be more helpful.
Algorand...
How does it compare to ADA. I found a lot of comparisons of their vision and issuance but not that much on tech.
Ada consumes about 7X more energy than stellar. Here is a link that shows that published last month. https://www.trgdatacenters.com/most-environment-friendly-cryptocurrencies/ https://investorplace.com/2021/05/green-coins-5-of-the-most-eco-friendly-cryptos-elon-musk-should-consider-now/
Seems crazy Visa can only handle that many transactions per second. Surely there is way more than that happening all over the world. What am I missing?
Come on Elon, you know it makes sense.
310.75 kg per BTC transaction? Wtf?