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Behind High Energy Consumption of Blockchain: PoS Consensus Mechanism To Be A Solution

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5 years ago

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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

Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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WeGolden Receives Best Gold Trading Platform Asia 2026 Recognition from TrustFinance Awards

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36 minutes ago

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August 24, 2026

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Singapore, Singapore, August 24th, 2026, FinanceWire

WeGolden has received the Best Gold Trading Platform Asia 2026 recognition from the TrustFinance Performance Awards, highlighting its gold-focused trading environment, platform capabilities, and accessibility across supported Asian markets.

The recognition forms part of the TrustFinance Performance Awards 2026, which recognizes companies across specific areas of performance based on category-relevant assessment. Evaluations may consider company submissions, supporting materials, publicly available information, and other evidence relevant to the respective award category.

For Best Gold Trading Platform Asia 2026, the recognition centers on WeGolden’s gold-focused offering and the broader platform experience surrounding it.

Gold is a central part of WeGolden’s trading offering. The platform provides access to gold alongside other global financial instruments through MetaTrader 5 (MT5), enabling users to access multiple asset classes within an established trading environment. WeGolden also provides real-time market information and charting resources to help users follow market movements and support their trading decisions.

Beyond its core trading infrastructure, WeGolden offers copy trading functionality, allowing users to explore strategy providers, review available performance information, and monitor trading activity. Combined with market analysis and educational resources, these capabilities form part of a broader platform experience designed to accommodate different levels of trading experience and approaches to the market.

WeGolden also provides localized digital experiences in several Asian languages, including Thai, Indonesian, Filipino, and Hindi. The platform supports a range of payment methods and local deposit and withdrawal options for users in supported markets, further extending the accessibility of its services across the region.

“A strong gold trading platform is defined by more than access to a single instrument. Trading infrastructure, market information, supporting tools, and accessibility all contribute to the overall experience. WeGolden has developed an approach that brings these elements together within a gold-focused trading environment for users across supported Asian markets,” said Peter Bu, CEO of TrustFinance.

The Best Gold Trading Platform Asia 2026 recognition reflects WeGolden’s continued development of a gold-focused trading environment supported by established trading infrastructure, market tools, copy trading capabilities, and localized services across supported markets in Asia.

About WeGolden

WeGolden is an online trading platform with a strong focus on gold, providing access to a range of financial instruments including forex, metals, indices, energies, cryptocurrencies, and share CFDs. The platform provides access to MetaTrader 5 alongside market information, copy trading functionality, educational resources, and account services designed to support the overall trading experience.

For more information, visit www.wegolden.com

About TrustFinance Awards

TrustFinance Awards is an independent recognition program focused on performance and achievement across the global financial industry. Through the TrustFinance Performance Awards, companies are evaluated within specific areas of performance using category-relevant criteria. Evaluations may consider publicly available information, company submissions, and supporting evidence relevant to each award category.

The program recognizes performance across areas including customer experience, transparency, technology, innovation, platform capabilities, and operational excellence.

For more information, visit awards.trustfinance.com

Disclaimer: This award recognition is based on the TrustFinance Awards evaluation criteria for the specified category and period. It does not constitute financial advice, investment advice, or a recommendation of any financial product or service.

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TrustFinance Awards
TrustFinance
awards@trustfinance.com

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Cloud PR Wire

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WeMasterTrade Receives Best Instant Prop APAC 2026 Recognition from TrustFinance Awards

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36 minutes ago

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August 24, 2026

By

Singapore, Singapore, August 24th, 2026, FinanceWire

WeMasterTrade has received the Best Instant Prop APAC 2026 recognition from the TrustFinance Performance Awards, highlighting its Instant Funding model, flexible prop trading structure, and accessibility across the Asia-Pacific region.

The recognition forms part of the TrustFinance Performance Awards 2026, which recognizes companies across specific areas of performance based on category-relevant assessment. Evaluations may consider company submissions, supporting materials, publicly available information, and other evidence relevant to the respective award category.

For Best Instant Prop APAC 2026, the recognition centers on WeMasterTrade’s Instant model and the broader trading experience surrounding its proprietary trading programs.

A key part of WeMasterTrade’s offering is its Instant Funding model, which provides traders with access to simulated trading accounts with virtual funds without first completing a traditional multi-stage evaluation. Alongside Instant Funding, the company also provides Challenge-based programs, giving users different routes depending on their trading approach and preferences.

The platform is designed to accommodate a range of trading strategies and styles. According to information published by WeMasterTrade, its programs support approaches including day trading, scalping, Expert Advisors (EAs), and copy trading, subject to the rules and conditions of the selected program. The company also offers different account configurations and program structures, allowing traders to select an option aligned with their objectives and risk parameters.

The overall trader experience also includes tools designed to support account monitoring and program management. WeMasterTrade provides dashboards and account management tools designed to help users monitor their trading activity and progress. The company also publishes information covering program rules, reward structures, and payout processes, contributing to greater visibility throughout the user journey.

WeMasterTrade also maintains localized digital experiences for multiple markets and languages across the region, supporting accessibility for users across its supported APAC markets.

“The evolution of prop trading is increasingly shaped by flexibility, accessibility, and the technology supporting the trader experience. WeMasterTrade’s Instant Funding approach provides an alternative pathway for traders who prefer direct access to a simulated trading environment with virtual capital rather than completing a traditional multi-stage evaluation,” said Peter Bu, CEO of TrustFinance.

The Best Instant Prop APAC 2026 recognition reflects WeMasterTrade’s development of an instant-access prop trading model supported by flexible program structures, trading tools, and localized accessibility across supported Asia-Pacific markets.

About WeMasterTrade

WeMasterTrade is a trading evaluation platform designed to identify skilled and disciplined traders through objective-based programs, offering both Instant and Challenge-based trading programs. Its model provides traders with access to simulated trading accounts under defined program rules, with opportunities to earn rewards based on eligible trading performance.

The platform supports multiple trading approaches and provides account management tools, program options, and educational information designed to support participants throughout their prop trading journey.

For more information, visit www.wemastertrade.com.

About TrustFinance Awards

TrustFinance Awards is an independent recognition program focused on performance and achievement across the global financial industry. Through the TrustFinance Performance Awards, companies are evaluated within specific areas of performance using category-relevant criteria. Evaluations may consider publicly available information, company submissions, and supporting evidence relevant to each award category.

The program recognizes performance across areas including customer experience, transparency, technology, innovation, platform capabilities, and operational excellence.

For more information, visit awards.trustfinance.com.

Disclaimer: This award recognition is based on the TrustFinance Awards evaluation criteria for the specified category and period. It does not constitute financial advice, investment advice, or a recommendation of any financial product or service.

Contact

TrustFinance Awards
TrustFinance
awards@trustfinance.com

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Cloud PR Wire

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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.

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Press Release

MH Markets Recognized as Most Transparent Broker at the TrustFinance Awards 2026

Published

36 minutes ago

on

August 24, 2026

By

Singapore, Singapore, August 24th, 2026, FinanceWire

MH Markets has been recognized as Most Transparent Broker at the TrustFinance Performance Awards 2026, one of the recognition programs under TrustFinance Awards, acknowledging the company’s commitment to transparency, accessible client information, and responsible brokerage practices.

As transparency becomes increasingly important across the financial services industry, brokers are expected to provide clear disclosures, accessible information, and communication that enables clients to make informed decisions. The Most Transparent Broker category recognizes organizations that demonstrate these qualities through their business practices and client-facing communications.

MH Markets has operated in the financial services industry for nearly a decade, providing access to global financial markets for retail and professional traders. The company serves clients across multiple regions through multilingual support and a broad range of trading services.

Transparency remains an important part of MH Markets’ approach. The company provides accessible information about its services, business operations, and regulatory framework while maintaining communication designed to support clients throughout their trading journey.

This recognition reflects MH Markets’ continued efforts to improve transparency, strengthen client communication, and maintain responsible brokerage practices.

“Transparency is a fundamental pillar of trust in financial services. This recognition reflects MH Markets’ commitment to providing clear information, responsible communication, and greater visibility throughout the client journey,” said Peter Bu, CEO of TrustFinance.

The TrustFinance Performance Awards are part of TrustFinance Awards, a global financial industry recognition program built on the principles of transparent evaluation, independent assessment, and Verified Recognition.

Each Performance Award is determined through a structured, category-specific evaluation process that combines publicly available information, company submissions, and supporting evidence assessed against predefined evaluation criteria relevant to each award category.

About MH Markets

MH Markets is an international brokerage providing retail and professional clients with access to global financial markets. Established nearly a decade ago, the company serves clients across multiple regions through multilingual customer support and a broad range of trading services. MH Markets is committed to transparent services, professional client support, and responsible access to financial markets.

Learn more at https://www.mhmarkets.com.

About TrustFinance Awards

TrustFinance Awards is a global financial industry recognition program that celebrates organizations demonstrating excellence across transparency, innovation, customer experience, operational performance, and other category-specific achievements.

The program includes Performance Awards, which recognize organizations through structured evaluation, and Community Choice Awards, which recognize organizations that have earned the trust of the wider community through verified nominations and voting.

Built on the Verified Recognition framework, TrustFinance Awards promotes greater transparency, accountability, and credibility in financial industry recognition.

Learn more at https://awards.trustfinance.com.

Disclaimer: This award recognition is based on the TrustFinance Awards evaluation criteria for the specified category and period. It does not constitute financial advice, investment advice, or a recommendation of any financial product or service.

Contact

TrustFinance Awards
TrustFinance
awards@trustfinance.com

About Author

Cloud PR Wire

See author's posts

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.

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