Web3 is now firmly established as the technology ecosystem that lets developers build decentralized applications. But its reliance on blockchain technology has also raised concerns about its ecological impact.
The process of verifying transactions on blockchain requires a huge amount of processing power and consequently lots of electricity. A single Bitcoin transaction consumes an estimated 635 kWh of power, or the same amount of electricity used by 21 US households a day.
Blockchain is a critical part of Web3, but to fully leverage what this new decentralized world provides, the data running Web3 applications will have to be gathered, processed, and analyzed in real time, outside of blockchain. To be as energy conscious as possible, enterprises need to pay particular attention to how they handle all the real-time data off blockchain.
Here are some ideas about how to manage the real-time data that supports your Web3 apps in a sustainable way.
Where and how you store your data matters
Blockchain is the fundamental building block of Web3: it creates a distributed ledger and acts as the system of record for transactions that occur in this brave new world. But the data that’s running Web3 applications is gathered, processed, analyzed, and stored outside of the blockchain.
Continue reading: https://www.cio.com/article/100000222/3-ways-to-reduce-the-climate-impact-of-your-web3-data.html
The process of verifying transactions on blockchain requires a huge amount of processing power and consequently lots of electricity. A single Bitcoin transaction consumes an estimated 635 kWh of power, or the same amount of electricity used by 21 US households a day.
Blockchain is a critical part of Web3, but to fully leverage what this new decentralized world provides, the data running Web3 applications will have to be gathered, processed, and analyzed in real time, outside of blockchain. To be as energy conscious as possible, enterprises need to pay particular attention to how they handle all the real-time data off blockchain.
Here are some ideas about how to manage the real-time data that supports your Web3 apps in a sustainable way.
Where and how you store your data matters
Blockchain is the fundamental building block of Web3: it creates a distributed ledger and acts as the system of record for transactions that occur in this brave new world. But the data that’s running Web3 applications is gathered, processed, analyzed, and stored outside of the blockchain.
Continue reading: https://www.cio.com/article/100000222/3-ways-to-reduce-the-climate-impact-of-your-web3-data.html
