Finance News
By Maheen Hernandez
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The IOTA Blog states, “In our tests, a Raspberry Pi 4 node uses just over a millionth of a kWh per IOTA message/transaction, including proof-of-work costs.
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The blog points to how at IOTA, they place emphasis on low energy requirements and green use cases.
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“Digitizing measurement, reporting and verification of sustainability performance (Digital MRV) in Chile, funded by the Canadian government.
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Tracing the path of energy from production in solar panels to consumption in electric vehicles in Trondheim, Norway, with Jaguar Land Rover, Engie Lab Crigen & Entra ASA.
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Improving efficiency in the supply chain and allow goods to travel more freely across borders, with Zebra Technologies.
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Reducing supply chain friction from Kenya to the Netherlands, speeding up goods transfer and reducing waste of fresh produce, with Trademark East Africa.
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The recent Chrysalis upgrade further removes inefficient aspects in the protocol thus improving energy efficiency.
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The blog states: “Given the recent interest in this topic and in response to community requests, we have decided to publish our internal metrics, gathered during Chrysalis…
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Looks like even IOTA woke up to Elon Musk side effects.
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“IOTA is meant to be lightweight and a Hornet node will be able to run on low-power devices like Raspberry Pis.
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If a Raspberry Pi 4 node is not performing remote Proof-of-Work, then the energy requirement will be as low as 1.
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They have to state that the reduction in energy consumption due to the Chrysalis upgrade (in different testing scenarios) is between 33% and 95%.”
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Otherwise, IOTA reports that the Tangle-based NFT platform will be made available for everyone to test at the end of June. Important to note: IOTA is not a blockchain.
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