New analysis disputes WWF’s calculations
. Polygon says its own energy and environmental footprint is just a tiny fraction of that because it uses a different process for validating transactions.But while passengers in the carpool lane might be individually responsible for fewer emissions than people driving alone on the rest of the highway, adding a new lane still makes room for more polluting cars on the highway.
In contrast, many newer blockchains, including Polygon, use a process called “proof of stake” to validate transactions. Rather than solve complex puzzles, people need to lock up tokens they already have as collateral in order to be in the running to validate transactions and mint new tokens. No puzzles, no skyrocketing energy use.
Another argument for moving transactions to Layer 2 networks is that energy savings can be achieved by bundling several transactions together — say, two people exchanging several NFTs. But ultimately, those bundles are brought back to Ethereum’s ledger as a single transaction recorded on Ethereum’s energy inefficient blockchain.
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