Share this article
Power Ledger to Move to Solana From Ethereum
The firm cited higher speed and scalability as motivations for the shift.
Updated Sep 14, 2021, 1:23 p.m. Published Jul 12, 2021, 8:34 a.m.
Australia-based blockchain company Power Ledger is to migrate to Solana from Ethereum in search of higher speed and scalability.
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
- The firm also cited the lower energy output of Solana's Proof-of-History (POH) and Proof-of-Stake (POS) mechanisms in an announcement Monday.
- The Power Ledger Energy Blockchain is built to audit and streamline the buying and selling of renewable energy.
- "The Power Ledger technology stack was built on a low-power POS consortium in 2016 before transitioning to a modified fee-less Proof-of-Authority Ethereum consortium chain in 2017," co-founder John Bulich said.
- "That serves its purpose in the short term but the limitations of this solution were always very apparent, including low transactions per minute," he added.
- The platform's POWR tokens will still be used for existing clients and remain on the Ethereum network.
Read more: Aussie Beer Can Now Be Exchanged for Excess Solar in New Program Involving Blockchain
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
Dogecoin Holds $0.14 Floor as Network Activity Hits 3-Month High
Rising active addresses and tightening volatility indicate an impending directional move, with $0.16 as a critical breakout threshold.
Lo que debes saber:
- Dogecoin marked its 12th anniversary, but market reactions were muted, focusing instead on technical patterns and network activity.
- The token consolidated within a tight range, with active buying interest at the lower boundary and potential for a bullish breakout.
- Rising active addresses and tightening volatility indicate an impending directional move, with $0.16 as a critical breakout threshold.
Top Stories
