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

Published

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

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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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Press Release

Harmony Garden CEO Ibile Empowers Widows With Increased Welfare Support, Reaffirms Commitment To Humanity

Published

3 minutes ago

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April 30, 2026

By

Nigeria, 30th Apr 2026- The Chief Executive Officer of Harmony Garden and Estate Development Limited, Hon. Dr. Saheed Audullahi Mosadoluwa, popularly known as Mr Ibile, has once again demonstrated his commitment to humanitarian service as he hosted members of the Widows Association of Nigeria, Epe Branch, in a heartwarming engagement marked by gratitude and renewed hope.

The widows, who visited the philanthropist in large numbers on Tuesday, expressed deep appreciation for his sustained support and generosity, describing his intervention as a lifeline that has significantly improved their living conditions.

The visit featured emotional testimonies and prayers from beneficiaries, many of whom highlighted the positive impact of Dr. Mosadoluwa’s welfare initiatives on their daily lives.

Speaking during the visit, one of the beneficiaries, Mrs. Folorunsho Quadri, commended the Harmony Gardens boss for his unwavering kindness, noting that his contributions have restored dignity and hope among widows in the community.

She disclosed that members of the association receive ₦100,000 every three months, in addition to a monthly stipend which was recently increased from ₦10,000 to ₦20,000 in response to the current economic realities in the country.

According to her, the support has gone beyond financial assistance, serving as a source of emotional strength and encouragement for many widows striving to rebuild their lives.

In his response, Hon. Dr. Saheed Audullahi Mosadoluwa expressed appreciation for the visit, stating that his philanthropic efforts are driven by a genuine desire to give back to society.

He noted that true wealth is measured not by material possessions but by the positive impact one has on others, adding that the well-being of vulnerable groups remains a priority for him.

The real estate developer also addressed public concerns regarding Harmony Gardens, reaffirming the company’s commitment to transparency and integrity in all its operations, particularly in land transactions.

He dismissed insinuations linking his humanitarian efforts to political ambitions, emphasizing that his actions are purely borne out of compassion and a sense of social responsibility.

Dr. Mosadoluwa further encouraged the widows to make good use of the support provided while remaining hopeful and resilient in the face of challenges.

Observers say the initiative underscores the growing role of private individuals and organizations in complementing government efforts in social welfare and community development.

Harmony Garden and Estate Development Limited has continued to expand its footprint in Nigeria’s real estate sector, while its corporate social responsibility initiatives position it as a socially conscious brand committed to improving lives.

Media Contact

Organization: Harmony Garden and Estate Development Ltd.

Contact Person: Wealthstein Adekoya

Website: https://www.landbookbyharmony.com/

Email: Send Email

Address:Wealthstein Adekoya

Country:Nigeria

Release id:44550

The post Harmony Garden CEO Ibile Empowers Widows With Increased Welfare Support, Reaffirms Commitment To Humanity 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

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Press Release

Saheed Mosadoluwa Ibile Leads Harmony Garden and Estate Development Ltd Into a New Era of Housing, Investment, and Community Transformation

Published

3 minutes ago

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April 30, 2026

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Nigeria, 30th Apr 2026 –  Hon. (Dr.) Audullahi Saheed Mosadoluwa (Ibile), the Chief Executive Officer of Harmony Garden & Estate Development Ltd., continues to redefine the future of real estate, affordable housing, and social impact in Nigeria through visionary leadership, strategic investment, and community-centered development.

With an estimated enterprise value of over $1 billion USD, Harmony Garden & Estate Development Ltd has emerged as a fast-growing force in Nigeria’s property sector, driven by a mission to close the housing gap, create wealth opportunities, and develop sustainable communities for generations to come.

Massive Land Bank and Rapid Housing Delivery

The company currently holds a land portfolio of approximately 1,300 hectares, strategically positioned for residential, mixed-use, and long-term expansion projects.

As part of an ambitious five-year plan to deliver 10,000 housing units, the company has already completed around 2,000 houses, demonstrating strong execution capacity and a clear commitment to measurable progress.

This milestone reflects not only speed of delivery but also confidence in the leadership and systems guiding the company’s expansion.

10,000 Homes Through the Ibile Traditional Mortgage System

At the heart of this bold housing vision is the Ibile Traditional Mortgage System, an innovative financing structure designed to make home ownership accessible to workers, entrepreneurs, and middle-income earners who are often excluded by conventional mortgage systems.

The model combines trust-based local frameworks with modern payment flexibility, opening the door for thousands of families to own homes and build long-term security.

According to Hon. (Dr.) Mosadoluwa:

“Housing is the foundation of stability, dignity, and generational wealth. We are building not just homes, but futures.”

The Seven Citadel of Joy Developments

Among the company’s landmark projects are the celebrated Seven Citadel of Joy Developments, designed as symbols of peace, prosperity, and premium community living.

These developments include:

1. Lekki Aviation Town

2. GranVille

3. The Parliament

4. Majestic Bay

5. Harmony Casa

6. Oju-Alaro

7. HarmonyVille (Sold Out)

Each project represents the company’s commitment to quality infrastructure, secure environments, and modern lifestyle communities.

From Humble Beginnings to Billion-Dollar Vision

The journey of Hon. (Dr.) Audullahi Saheed Mosadoluwa began with humble roots in the aviation industry, where he gained valuable operational and management experience.

He later expanded into the logistics business, building strategic commercial networks and entrepreneurial capacity that would later support his entry into real estate and large-scale development.

From those beginnings, he has grown into a respected investor, philanthropist, and community leader.

Traditional, Spiritual, and Civic Leadership

Beyond business success, Hon. (Dr.) Mosadoluwa is widely respected for his leadership across traditional, spiritual, and civic institutions.

He is recognized as the current Al-Mujadeed in West Africa, reflecting a role associated with renewal, service, and moral leadership.

He also holds the title of Current Galadima in South Western Nigeria, and is the Olu Asoko Elect, further highlighting the confidence communities have placed in his leadership.

Political Background and Peace Advocacy

With an active political background rooted in grassroots mobilization and development advocacy, he has consistently promoted peace, inclusion, and community progress.

He is the leading founder of the Ibile Peaceful Assembly, a platform committed to civic harmony, dialogue, and peaceful coexistence.

He has also supported Ibile prison reform and rehabilitation initiatives, championing opportunities for reintegration, dignity, and second chances.

Philanthropy at Scale

Hon. (Dr.) Audullahi Saheed Mosadoluwa’s humanitarian impact is equally remarkable.

He has reportedly placed over 1,000 widows on monthly salary support, helping families meet essential needs while restoring hope and stability.

In addition, many widows and vulnerable citizens have received business capital and empowerment support, enabling them to build sustainable livelihoods.

Courage in the Face of Challenges

His journey has not been without obstacles. He has faced blackmail attempts, misinformation campaigns, and resistance from vested interests.

Yet, he has remained focused, resilient, and committed to building institutions that outlast opposition.

Standing Against Land Grabbing

The CEO has also taken a strong public stand against land grabbing, unlawful intimidation, and abuse of power, including allegations involving individuals operating in police uniform.

He continues to advocate for due process, investor protection, and stronger enforcement of lawful property rights.

Looking Ahead

As Harmony Garden & Estate Development Ltd continues its rapid growth, Hon. (Dr.) Audullahi Saheed Mosadoluwa (Ibile) remains committed to delivering homes, empowering communities, creating jobs, and shaping a legacy of peace and prosperity.

From humble beginnings in aviation and logistics to leading a billion-dollar real estate enterprise, his story is one of vision, resilience, and transformational leadership.

Media Contact

Organization: Harmony Garden and Estate Development Ltd.

Contact Person: Wealthstein Adekoya

Website: https://www.landbookbyharmony.com/

Email: Send Email

Address:Wealthstein Adekoya

Country:Nigeria

Release id:44548

The post Saheed Mosadoluwa Ibile Leads Harmony Garden and Estate Development Ltd Into a New Era of Housing, Investment, and Community Transformation 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

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Press Release

UK Airport Rides Enhances Reliable Door-to-Door Taxi and Minicab Services Across the UK

Published

18 minutes ago

on

April 30, 2026

By

UK Airport Rides, established in 2022, is a trusted UK-based taxi and minicab provider offering reliable, affordable, and door-to-door transport services. With fixed pricing, professional drivers, and 24/7 availability, the company ensures safe, stress-free journeys for business and leisure travelers across the UK.

United Kingdom, 30th Apr 2026 – UK Airport Rides, based near London Heathrow Airport and a fast-growing private hire taxi company established in 2022, continues to strengthen its position as a trusted provider of reliable, affordable, and professional transportation services across the United Kingdom.

UK Airport Rides specializes in airport transfers and provides reliable services to and from all major London airports, including Heathrow, Gatwick, Luton, Stansted, and London City Airport. With a focus on punctuality and convenience, the company ensures stress-free travel through professional drivers, real-time journey monitoring, and efficient route planning.

In addition to airport transfers, the company offers premium cruise port transfer services covering Southampton Cruise Port, Portsmouth Cruise Port, Port of Tilbury, Dover Ferry Port, and Harwich Port. These services are designed to deliver smooth and comfortable journeys for cruise passengers, with meet-and-greet options and luggage assistance included.

UK Airport Rides also provides long-distance taxi services connecting major UK cities, including Manchester, Liverpool, Birmingham, Bristol, Brighton, York, Oxford, Cambridge, Cardiff, and Leeds. For local travel, the company operates extensively across South London, West London, North London, and East London, ensuring dependable transport solutions for everyday journeys.

“Our mission is to provide reliable, affordable, and high-quality transport services that customers can trust,” said a spokesperson for UK Airport Rides. “We are committed to delivering a seamless travel experience, whether it’s a short local trip or a long-distance journey across the UK.”

Reliable & Customer-Focused Services

UK Airport Rides provides a wide range of transport solutions, including:

  • Door-to-door taxi and minicab transfers

  • Long-distance and city-to-city travel

  • Business and executive travel services

  • Hotel and station transfers

The company’s easy-to-use online booking platform allows customers to secure their ride in minutes, with instant confirmation and flexible payment options.

Commitment to Quality & Safety

All drivers at UK Airport Rides are fully licensed, experienced, and trained to deliver a professional service. The company maintains a modern fleet of clean and well-maintained vehicles, ensuring comfort and safety for every passenger.

With real-time journey monitoring, punctual pickups, and 24/7 dedicated customer support, UK Airport Rides continues to set high standards in the private hire industry.

Affordable & Transparent Pricing

One of the key advantages of choosing UK Airport Rides is its fixed pricing model, offering customers complete clarity and confidence when booking. With no surge pricing or hidden fees, passengers can enjoy affordable fares without compromising on quality.

Growing Reputation Across the UK

Since its establishment in 2022, UK Airport Rides has earned the trust of a growing customer base by consistently delivering reliable, professional transport services. The company continues to expand its coverage and enhance its offerings to meet the evolving needs of modern travelers.

About UK Airport Rides

UK Airport Rides is a UK-based private hire taxi company offering reliable, safe, and affordable transportation services nationwide. With a focus on convenience, punctuality, and customer satisfaction, the company provides high-quality travel solutions tailored to every journey.

Suggested Links- 

Heathrow Airport Transfer- https://ukairportrides.com/heathrow-airport-taxi-transfer/ 

Gatwick Airport Transfer- https://ukairportrides.com/gatwick-airport-taxis/ 

Luton Airport transfer- https://ukairportrides.com/luton-airport-taxis/ 

Stansted Airport Transfer- https://ukairportrides.com/stansted-airport-taxis/ 

London City Airport Transfer- https://ukairportrides.com/london-city-airport-taxi-transfer/ 

 

Media Contact

Organization: UK Airport Rides

Contact Person: Tom

Website: https://www.ukairportrides.com

Email: Send Email

Address:G20, 450 Bath Rd, London

Country:United Kingdom

Release id:43709

The post UK Airport Rides Enhances Reliable Door-to-Door Taxi and Minicab Services Across the UK 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

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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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