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Re:Coinbase outages by chabes on Wednesday May 19, 2021 @10:58AM (#27209578)
That is not correct.

Two glaring gaps in that concept...

First, energy use is not tied to transactions. An empty block uses the same amount as a full block.

And second, the transaction count we’re discussing is the count of settled base layer transactions. This doesn’t include the majority of transactions of value: those that occur off chain or through second layer transactions. An infinite amount of off chain and L2 transactions only need a single on chain transaction to settle.

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