Press Release
Behind High Energy Consumption of Blockchain: PoS Consensus Mechanism To Be A Solution
The energy consumption of Blockchain
Recently, Elon Musk, the founder of Tesla, posted on Twitter saying that: Bitcoin can consume too much in mining and transaction process, such excessive fossil fuel consumption will result in negative impacts on the ecosystem. The Ethereum co-founder Vitalik Buterin also noticed the high power consumption problem in Blockchain technology. He presented that Ethereum would change its consensus mechanism from PoW to PoS to reduce the power consumption caused by the mining process in PoW-based technologies like the Bitcoin. From a global view, energy consumption issues are concerned by an increasing number of countries. To urge the efficient power usage, many countries and organizations have set up environmental protection plans, such as the UN’s SDG (Sustainable Development Goals) and the US carbon neutrality, etc.
In this context, the future development of a technology need to consider the sustainable development and environmental friendliness as one of the important metrics and goals. As an emerging technology for privacy protection, Blockchain presents excellent protection capabilities. However, such capabilities rely on the large-scale computing resources and result in a large amount of power consumption. Part of the reasons for such high power consumption are due to the PoW (Proof of Work) consensus mechanism which has high demands on the performance of the Blockchain nodes.
Besides energy consumption, other concerns of the consensus mechanism
The technology of the base layer of the Blockchain has the advantages like anonymous, Immutable, decentralized and so on. To achieve these advantages, Blockchain enhances the privacy and protect the transaction process by increasing the cost of network participation. The core concept of the early-stage PoW consensus mechanism is based on the workload cost. The credibility need to be proved by the cost of a lot of work. In this case, the machines that maintain the ledgers (also referred to as mining nodes) need to continually crack complex math puzzles to obtain Bitcoin as rewards. This computing process not only needs to rely on a large amount of computing resources, but also sacrifices part of the scalability on the Blockchain to ensure safety. When it comes to the boosting growing of transaction volume, this mechanism will not be able to meet high-speed and large-scale processing demands. Based on such limitations of PoW, PoS (Proof of stake) is gaining more and more attention to work as a consensus mechanism with low resource consumption and guaranteed decentralization, safety and scalability.
In a PoS-based Blockchain system, nodes do not have to consume much power to compete for accounting rights. The priority of accounting rights is measured by the amount of stake holdings. In this way, the nodes no longer consume a large amount of electricity to calculate the hash functions, thereby solving the high energy consumption issues in PoW mechanism. In spite of the improved efficiency in PoS, the safety of the mechanism is affected. Therefore, in order to ensure the reliable operation of PoS, the researchers need to develop reliable algorithms from the trade-off among the decentralization, safety and scalability.
Unique advantages of PlatON PoS
With the issues caused by the PoW mechanism has been widely criticized, more and more Blockchain technologies inclined to choose or transit to the PoS-based consensus mechanisms. This results in a boosting growing of the PoS-based Blockchain frameworks in recent years. As the world leader in computing privacy area, PlatON has rooted and researched in privacy computing technologies many years. PlatON’s research and practice in consensus mechanisms are also forward-looking. The PPoS (PlatON PoS) consensus mechanism uses off-chain identity, credit mechanisms and procedural arrangements to provide a scheme to select a number of verification nodes from many participating nodes as fair and randomly as possible. Hence, PPoS can effectively inhibit bribery, collusion, etc., and reduce the consensus cost and improve the system scalability by optimizing technical details. Meanwhile, ensuring the decentralization and scalability, PlatON further enhances the system safety by combining the experiences in computing privacy area. The Alaya network based on PlatON PoS has been operating stably and efficiently for a long time, successfully solving the problem of over-centralization of the system, reducing network communication complexity and message complexity, improving consensus efficiency and the entire Blockchain transaction processing performance. In this case, the safety and liveness of the technology are verified. PlatON has been able to improve its PoS mechanism through its attention to every detail, continuous attempts, active exploration of cutting-edge areas, and forward-looking plans in the future development. Next step, PlatON will continue actively promoting the efficient network operation with high-quality code, providing efficient, high-availability, distributed and sustainable infrastructure applicable for diverse industrial and commercial use cases, and supporting the exchange of data flows in the global world.
References:
1.PlatON has launched the “Rally around the Galaxy” and launched a comprehensive simulation test, https://mp.weixin.qq.com/s/UeIRWj2lKJ7b1umSqU8_yQ
2. [Long Article Explained] What is the Giskard Consensus Mechanism? | Technology Cloud Atlas, https://mp.weixin.qq.com/s/4yHenrGH0E7zzLBuN58BJg
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Austin Glenn Smith Launches Private Financial Consulting Practice After Three Decades in Institutional Portfolio Management
Veteran fund and portfolio manager opens a select advisory practice focused on disciplined, long-term wealth strategy for clients across the United States and Canada
WASHINGTON, United States — June 23, 2026 — Austin Glenn Smith, Ph.D., a senior fund and portfolio manager with more than 30 years of institutional experience, has launched a private financial consulting practice serving a limited number of individuals and families across the United States and Canada. The move marks his transition from full-time fund management to one-on-one advisory work centered on portfolio strategy, retirement and wealth planning, and disciplined, long-term investing.
For three decades, Smith managed institutional portfolios through multiple market cycles, holding senior roles with the Vanguard Management Group and Expert Edge Investments. His new practice brings that institutional rigor to private clients who want experienced, independent guidance rather than off-the-shelf products.
“After thirty years of managing capital for institutions, I wanted to bring that same discipline to a smaller number of people I can serve directly,” said Smith. “Consulting is not a step back; it is a more deliberate way to add value.”
The practice is intentionally small. Smith works with a select group of clients at a time, a structure he says allows for the depth and continuity that long-term financial decisions require. Engagements focus on building diversified, risk-aware portfolios; structuring income and legacy strategies for retirement; providing an experienced second opinion on existing holdings; and helping clients understand the reasoning behind every decision.
That emphasis on judgment over volume reflects a philosophy Smith has carried throughout his career. “Markets reward patience and punish noise,” he said. “My role is to help clients hold a steady course when it matters most.”
Smith’s international background informs his approach. Born in Oslo, Norway, and educated across the United States, Germany, Scotland, and Australia, he earned a Master’s degree from Robert Gordon University in Aberdeen and a Ph.D. in Australia before entering finance in the early 1990s. He credits an early period working alongside renowned author and investor Robert Kiyosaki with shaping his conviction that financial education and disciplined strategy, not speculation, build lasting wealth.
After years of trans-continental work between the United States and Canada, Smith settled in Washington, where his consulting practice is now based. He describes the shift as an evolution rather than a retirement, a chance to apply decades of experience at a more personal scale.
Prospective clients and members of the media can learn more at austinglennsmith.com.
About Austin Glenn Smith
Austin Glenn Smith, Ph.D., is a financial consultant and former senior fund and portfolio manager with more than 30 years of experience in institutional investment and portfolio strategy. Born in Oslo, Norway, and educated across the United States, Germany, Scotland, and Australia, he held senior roles with the Vanguard Management Group and Expert Edge Investments before transitioning, in 2026, to private financial consulting. He advises a select group of clients across the United States and Canada on portfolio strategy, retirement, and wealth planning. Learn more at austinglennsmith.com.
Media Contact
Organization: Austin Glenn Smith
Contact Person: Austin Glenn Smith
Website: https://austinglennsmith.com/
Email: Send Email
Country:United States
Release id:46186
The post Austin Glenn Smith Launches Private Financial Consulting Practice After Three Decades in Institutional Portfolio Management appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Brendale 4500, Queensland, Australia, 17th Jun 2026 – Cafe Solutions, a respected supplier of café and restaurant furniture across Australia, has showcased a selection of marble table tops designed for use in contemporary hospitality venues. The addition reinforces the company’s ongoing development of its furniture catalogue with options that address both the practical and aesthetic requirements of commercial dining environments throughout the country.
The marble table tops are available in a range of sizes and finishes suited to cafés, restaurants, bars, and other food service establishments seeking to incorporate natural stone surfaces into their interior design. Marble has maintained a consistent presence in hospitality fit-outs due to its distinct visual characteristics, including natural veining patterns that give each table top an individual appearance. The material’s longstanding association with refined dining and contemporary design has contributed to sustained interest from venue operators across a variety of Australian hospitality settings.
Cafe Solutions has noted that the decision to showcase these table tops reflects ongoing enquiries from commercial operators who are seeking furniture elements that contribute to the visual identity of their venues. As hospitality spaces increasingly compete on atmosphere and design presentation alongside food and service quality, the selection of table surfaces has become a notable consideration in venue planning and refurbishment projects. The company’s product range is structured to provide commercial buyers with a variety of material options, enabling operators to match furniture selections to the broader design direction of their establishments.
“The interest in marble table tops has been consistent across a range of hospitality settings, from inner-city cafés to established restaurant venues,” said Russell Crawford, Spokesperson for Cafe Solutions. “Operators are making deliberate choices about the surfaces and materials used throughout their spaces, and natural stone remains a popular option for businesses aiming to create a particular atmosphere for their patrons.”
In practical terms, marble table tops require consideration regarding maintenance and suitability for specific service environments. The surfaces are suited to venues where presentation and material quality are priorities, and operators are advised to consider factors such as sealing, cleaning requirements, and the type of service offered when selecting table top materials. Cafe Solutions provides product information to assist commercial buyers in assessing the suitability of marble surfaces for their particular operational context, including guidance on care and long-term upkeep in high-traffic commercial settings.
The company supplies its furniture range with fast shipping across Australia, enabling hospitality operators to receive products within timeframes that support renovation schedules, new venue openings, and seasonal refurbishments. Stock availability is maintained across the product range to facilitate the timely fulfilment of orders, including bulk procurement for larger commercial projects and multi-site hospitality groups coordinating furniture purchases across several locations simultaneously.
“The company’s approach going forward is to continue broadening the selection of table top materials and furniture options available to the hospitality sector,” said Crawford. “There is a clear pattern of demand for furniture that allows venue operators to distinguish their spaces visually, and the intention is to ensure the catalogue reflects the range of materials and styles that commercial buyers are actively seeking.”
Cafe Solutions, based in Brendale, Queensland, supplies a comprehensive range of furniture for cafés, restaurants, and hospitality venues throughout Australia. The company’s product catalogue includes chairs, tables, bar stools, benches, and commercial sinks, with options designed for both indoor and outdoor settings. The business serves commercial operators across the country through its established distribution network and maintains stock availability to support timely order fulfilment.
For additional information about marble table tops and related industry developments, contact Cafe Solutions at 12 Kingsbury St, Brendale, QLD 4500. Enquiries regarding the company’s products, services, installation support, and training programmes can be directed to (07) 3184 8441 or by email at sales@cafesolutions.com.au.
Media Contact
Organization: Cafe Solutions
Contact Person: Russell Crawford
Website: https://cafesolutions.com.au/
Email: Send Email
Contact Number: +61731848441
Address:12 Kingsbury St
City: Brendale 4500
State: Queensland
Country:Australia
Release id:46197
The post Cafe Solutions Showcases Marble Table Tops for Contemporary Hospitality Venues appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Brendale 4500, Queensland, Australia, 17th Jun 2026 – Cafe Solutions, a respected supplier of café and restaurant furniture across Australia, has showcased a selection of marble table tops designed for use in contemporary hospitality venues. The addition reinforces the company’s ongoing development of its furniture catalogue with options that address both the practical and aesthetic requirements of commercial dining environments throughout the country.
The marble table tops are available in a range of sizes and finishes suited to cafés, restaurants, bars, and other food service establishments seeking to incorporate natural stone surfaces into their interior design. Marble has maintained a consistent presence in hospitality fit-outs due to its distinct visual characteristics, including natural veining patterns that give each table top an individual appearance. The material’s longstanding association with refined dining and contemporary design has contributed to sustained interest from venue operators across a variety of Australian hospitality settings.
Cafe Solutions has noted that the decision to showcase these table tops reflects ongoing enquiries from commercial operators who are seeking furniture elements that contribute to the visual identity of their venues. As hospitality spaces increasingly compete on atmosphere and design presentation alongside food and service quality, the selection of table surfaces has become a notable consideration in venue planning and refurbishment projects. The company’s product range is structured to provide commercial buyers with a variety of material options, enabling operators to match furniture selections to the broader design direction of their establishments.
“The interest in marble table tops has been consistent across a range of hospitality settings, from inner-city cafés to established restaurant venues,” said Russell Crawford, Spokesperson for Cafe Solutions. “Operators are making deliberate choices about the surfaces and materials used throughout their spaces, and natural stone remains a popular option for businesses aiming to create a particular atmosphere for their patrons.”
In practical terms, marble table tops require consideration regarding maintenance and suitability for specific service environments. The surfaces are suited to venues where presentation and material quality are priorities, and operators are advised to consider factors such as sealing, cleaning requirements, and the type of service offered when selecting table top materials. Cafe Solutions provides product information to assist commercial buyers in assessing the suitability of marble surfaces for their particular operational context, including guidance on care and long-term upkeep in high-traffic commercial settings.
The company supplies its furniture range with fast shipping across Australia, enabling hospitality operators to receive products within timeframes that support renovation schedules, new venue openings, and seasonal refurbishments. Stock availability is maintained across the product range to facilitate the timely fulfilment of orders, including bulk procurement for larger commercial projects and multi-site hospitality groups coordinating furniture purchases across several locations simultaneously.
“The company’s approach going forward is to continue broadening the selection of table top materials and furniture options available to the hospitality sector,” said Crawford. “There is a clear pattern of demand for furniture that allows venue operators to distinguish their spaces visually, and the intention is to ensure the catalogue reflects the range of materials and styles that commercial buyers are actively seeking.”
Cafe Solutions, based in Brendale, Queensland, supplies a comprehensive range of furniture for cafés, restaurants, and hospitality venues throughout Australia. The company’s product catalogue includes chairs, tables, bar stools, benches, and commercial sinks, with options designed for both indoor and outdoor settings. The business serves commercial operators across the country through its established distribution network and maintains stock availability to support timely order fulfilment.
For additional information about marble table tops and related industry developments, contact Cafe Solutions at 12 Kingsbury St, Brendale, QLD 4500. Enquiries regarding the company’s products, services, installation support, and training programmes can be directed to (07) 3184 8441 or by email at sales@cafesolutions.com.au.
Media Contact
Organization: Cafe Solutions
Contact Person: Russell Crawford
Website: https://cafesolutions.com.au/
Email: Send Email
Contact Number: +61731848441
Address:12 Kingsbury St
City: Brendale 4500
State: Queensland
Country:Australia
Release id:46197
The post Cafe Solutions Showcases Marble Table Tops for Contemporary Hospitality Venues appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Austin Glenn Smith Launches Private Financial Consulting Practice After Three Decades in Institutional Portfolio Management
Cafe Solutions Showcases Marble Table Tops for Contemporary Hospitality Venues
Cafe Solutions Showcases Marble Table Tops for Contemporary Hospitality Venues
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