Power Ledger, a blockchain company based out of Australia whose Energy Blockchain is mainly used to review and modernize the purchasing and exchange of renewable energy is now planning to move on from Ethereum and switch over to Solana due to their scalability and higher speeds.
The company however will still continue to use Ethereum for clients whose POWR tokens are already set up on their Ethereum network. On Monday, Power Ledger also mentioned that due to Solana’s lower energy outputs which include but aren’t limited to Proof-of-Stake (POS) and Proof-of-History (POH) POS. Co-founder John Bulich said:
“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. That serves its purpose in the short term, but the limitations of this solution were always very apparent, including low transactions per minute.”
Based off of Bulich's statements, it seems as though Power Ledger always planned to move away from Ethereum but were just waiting for the right moment. It will be interesting to see how the company continues to keep their current clients on Ethereum's network, while transitioning all new clients over to Solana.