The code developer known as “@0xIchigo” highlighted Solana's energy efficiency. This and more news in this practical summary daily so that you are always informed with events most recent that occur within the crypto world.
Solana, one of the most efficient blockchains in the crypto ecosystem
📍The Solana blockchain is focused on scalability and high performance, which is why it is also one of the most energy-efficient blockchains. On
In November 2021, the Solana Foundation had published its first report on the energy efficiency of the blockchain, indicating that the consumption measured in joules of energy of a SOL transaction was close to 1.800 joules, an amount slightly higher than that consumed by a Google search at that time.
However, according to current network statistics, a SOL transaction is consuming only 658 joules of energy, which represents a 63,4% decrease in the average energy consumption of the network in the last 2 years.
The Foundation has been highlighting Solana's role in building a sustainable and energy-efficient Web3. Currently, Solana is a carbon-neutral blockchain and, in addition to being focused on scalability and performance, it is also climate-focused, the organization said.
Tesla keeps its bitcoins
📍Tesla, the largest electric car manufacturer, maintains 10.725 bitcoins on its balance sheet. In the third quarter 2023 report, presented by the company to its shareholders recently, Tesla showed that it keeps its investment in Bitcoin intact, since the last sale it made in the second quarter of last year.
The electric car company, owned by Elon Musk, owns 10.725 BTC, which are valued at about $305 million at the time of writing.
The news is optimistic for bitcoiners and the crypto community in general, due to the importance of Tesla worldwide. However, the company revealed that it is focusing its attention on Artificial Intelligence, highlighting several of its developments and advances in AI, such as the Optimus robot project, among others.
Still, although Tesla's attention points to AI, the crypto community continues to wait for Musk's compliance with his promise to accept Bitcoin again as a payment method for their electric cars. The tycoon had indicated that, when at least 50% of the network's miners used renewable energy, BTC payments would return to Tesla.
In August, the Bitcoin Mining Council indicated that Bitcoin mining had become more efficient and that, on average, 59,9% of the Bitcoin miner network was combining sustainable energy sources in their crypto mining processes.
A whale buys more than 400 million XRP
📍Whale Alert reported a transaction of 409,77 million XRP. The transaction was carried out on Tuesday, when XRP was trading at around $0,49 per unit. At the time of the transaction, the 409,77 million XRP transferred had a total value of $201,62 million, according to the cryptocurrency transaction tracking bot.
According to analysts, this XRP move shows that not all sentiment in the crypto market is negative and that large investors are taking advantage of the recent market correction, fueled by false rumors about the approval of a Bitcoin spot ETF by the SEC, to accumulate more cryptocurrencies.
The XRP tokens were transferred from an exchange address to an unknown wallet address, which is assumed to be a self-custody wallet.
OpenAI partners with G42, the largest technology holding company in the UAE
📍The company behind the development of ChatGPT, OpenAI, has announced a partnership with G42 to expand Artificial Intelligence in the region. OpenAI highlighted the importance of having an AI-ready infrastructure to ensure the expansion of this innovation in the UAE.
Thanks to its alliance with G24, OpenAI will take advantage of the solutions created by the technology holding to boost its generative AI models to accelerate the development process of new solutions.
The goal of OpenAI is to provide the necessary tools so that companies and organizations can better leverage the power of generative AI to develop specific use cases and applications.
Sam Altman, co-founder and CEO of OpenAI, said that its alliance with G24 will help “empower companies and communities with effective solutions that resonate with the nuances of the region”, while Peng Xiao, CEO of G24, highlighted that together with OpenAI it will drive innovation in Artificial Intelligence as “ “a transformative force for good, accelerating development and progress.”
Continue reading: A new era for Bitcoin: Taproot Assets has launched its mainnet
Main image from Bloomberg
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