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

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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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DrivePoint CDL Academy Launches Transportation Workforce & Safety Initiative

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Program is part of DrivePoint’s efforts to strengthen Colorado’s professional driver pipeline and build Colorado’s next generation of professional drivers and transportation professionals.

United States, 1st Sep 2026—DrivePoint CDL Academy, a Denver-based training and testing facility for commercial driver’s licenses (CDL), today announced the launch of its Transportation Workforce & Safety Initiative. The initiative trains future commercial vehicle operators in safety skills that go beyond driving-related requirements. The goal is to augment Colorado’s pipeline of professional drivers, which is currently shrinking, and build Colorado’s next generation of professional drivers and transportation professionals.

“At DrivePoint, our mission extends beyond CDL training,” said Alisha Brown. “We believe professional drivers play a vital role in our communities, economy, and public safety. Through workforce development, safety leadership, and community engagement, we are committed to supporting the next generation of transportation professionals.”

The initiative supports career pathways into transportation and commercial driving, promoting transportation careers as stable, high-demand professions in the process. It provides training opportunities for career changers, veterans, women, and individuals entering the transportation industry. The initiative works by partnering with employers to develop safer and more qualified drivers. By so doing, the initiative will help address workforce shortages in trucking, utilities, municipalities, passenger transportation, and fleet operations.

“Transportation is essential infrastructure,” Brown added. “Most people don’t even realize how much their communities rely on skilled drivers to keep goods, utilities, public services, and people moving. As the industry struggles with a shortage of trained professionals, we are all going to feel the effects soon. Our initiative intends to avert problematic outcomes.”

Safety leadership is one of the initiative’s core objectives. As Brown put it, “Professional driver training is about far more than passing a test. It is about creating a culture of safety.” To this end, the initiative emphasizes risk awareness, training students to perform thorough vehicle inspections and reinforcing the importance of brake safety, cargo securement, and compliance.

Brown added, “We support employers in building safer fleets and reducing preventable incidents. By encouraging professionalism and accountability in the transportation industry, we are fielding graduates who contribute to safer roads for everyone, including families, commuters, emergency responders, and fellow motorists.”

DrivePoint invites employers, workforce development organizations, municipalities, community partners, and aspiring transportation professionals to join the conversation about building a stronger, safer transportation workforce for Colorado.

For more information, visit www.drivepointcdlacademy.com

About DrivePoint CDL Academy

DrivePoint CDL Academy is a Colorado-based and family-owned business that specializes in commercial driver license (CDL) training that includes city driving and mountain driving preparation because real-world readiness means being prepared for every terrain. Its programs are designed to meet industry standards while also focusing on what matters most: safety, professionalism, and long-term success behind the wheel.

Media Contact

Organization: DrivePoint CDL Academy

Contact Person: Alisha Brown

Website: https://www.drivepointcdlacademy.com

Email: Send Email

Country:United States

Release id:48652

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Ascent Petrochem Launches Global Dichloromethane Supply Chain Service Framework

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New framework helps global buyers manage compliance, quality control, hazardous chemical logistics, and delivery risks in methylene chloride procurement.

During the restructuring of the global dichloromethane market, Ascent Petrochem Holdings Co., Limited launches a global dichloromethane supply chain service for international buyers.

Ascent Petrochem Holdings Co., Limited today announced the official launch of its global dichloromethane supply chain service framework to provide better and more stable cooperation. The service targets global chemical distributors, pharmaceutical raw material manufacturers, paint and adhesive manufacturers, electronic precision cleaning service providers, and metal degreasing processing companies.

This solution addresses widespread procurement pain points in the industry, such as product compliance, batch stability, transportation safety, documentation accuracy, and clarity of responsibilities, responding to the challenges faced by international methylene chloride buyers. Cognitive biases between collaborating parties and other unavoidable factors often lead to increased hidden landed costs.

In the traditional model, factory production relies heavily on experience and subjective assumptions, making it prone to disputes such as discrepancies between goods and orders, non-compliance with local import regulations, lack of quality control documentation, and unclear logistics responsibilities. Ascent Petrochem’s new service model demonstrates to buyers how to translate their needs into standardized production documentation for factories, addressing the complexities of cross-border chemical procurement.

This process guides buyers to combine their own needs with the regulatory rules and other uncertainties of different destinations into standardized, controlled orders, minimizing uncertainties arising from default assumptions for both parties.

A Market at a Crossroads

Dichloromethane’s applications cover pharmaceutical intermediate synthesis, precision cleaning of electronic components, solvent-based coatings and adhesives formulation, metal surface degreasing, chemical extraction and purification processes, polyurethane foam blowing agents, and printing industry film removal.

The pharmaceutical industry is one of the largest end-use areas for methylene chloride, serving as a key solvent in product manufacturing. The mainstream grades of dichloromethane on the market are divided into three categories: industrial grade (purity ≥99.5%), pharmaceutical grade, and electronic grade (purity ≥99.9%).

These grades have differentiated requirements regarding limits for moisture, acidity, evaporation residue, heavy metals, and total impurities to match the technical standards of different end-use applications.

China has become the world’s largest producer of dichloromethane. In 2025, its dichloromethane exports reached 213,000 tons, a record high, representing a year-on-year increase of 40.9%.

The global methylene chloride market was valued at approximately US$3.2 billion in 2025 and is projected to reach US$6.1 billion by 2035, indicating steady growth in the global market. Besides the European and American markets, demand is also increasingly active in regions such as Turkey, the UAE, Vietnam, Brazil, and India.

However, due to its inherent toxicological characteristics and environmental impact, methylene chloride is subject to strict regulation in major global markets. Both the US EPA and the EU REACH have clearly stipulated restrictions.

Covering multiple dimensions such as import permits, occupational exposure limits, environmental emission standards, and packaging and transportation specifications, the complexity and compliance threshold of dichloromethane’s cross-border procurement are far higher than those of ordinary chemical products. These factors are reshaping the trade patterns of dichloromethane.

Key Procurement Checkpoints

1. Confirm Destination Compliance Requirements.

Buyers in each region must verify the latest regulations for their specific destination and application before placing an order, such as hazardous chemical import permits, environmental registration requirements, and customs clearance qualifications.

Regulatory rules vary significantly across different countries, regions, and industry applications; it is crucial to mitigate compliance risks from the outset.

2. Confirm Product Specifications

When procuring according to their own needs, buyers must verify the specifications and parameters of each batch of dichloromethane product listed in the order: product grade (industrial grade/pharmaceutical grade/electronic grade), purity, moisture content, acidity, evaporation residue, and other core indicators.

This is especially important for orders with strict requirements for purity and impurity control, or those requiring customized formulations.

3. Establish Dedicated and Controlled Order Documentation.

Methylene chloride is a hazardous chemical, requiring a Hazardous Goods Declaration Form, Material Safety Data Sheet (MSDS), transport classification, and customs clearance documents.

Effective verification also includes batch quality inspection reports (COAs), core indicator verification records, sealed samples, packaging integrity inspection, loading process documents, and corresponding order photographs. Important information such as purchase volume and shipping marks should all be compiled into a single authoritative document.

4. Confirm Logistics and Delivery Terms

Appropriate packaging specifications, UN-certified packaging, leak-proof reinforcement, hazard labels, a full set of shipping documents, loading certificates, agreed international trade terms, insurance, and destination port charges must all be confirmed with the order.

Before order fulfillment begins, the boundaries of transportation responsibility and risk allocation must be clearly defined.

In summary, what should buyers confirm before purchasing dichloromethane?

Destination regulatory requirements, complete product grade and indicator parameters, inspection certificates and packaging specifications, and clear delivery terms. This plan elaborates on each item and clarifies which decisions must be included in the formal order documentation.

This distinction is of practical significance for both buyers and industrial end-users. It provides them with a reusable benchmarking framework, enabling them to compare direct quotes from different suppliers under equivalent standards, avoiding the misconception that a lower unit price equates to the total landed cost.

Simultaneously, it encourages and clarifies aspects such as product, logistics, regulations, and delivery for buyers. Its core value lies in providing a documented and traceable consensus standard for both parties, reducing hidden costs, and offering early warnings and risk-sharing for unforeseen circumstances.

“The core of cross-border dichloromethane procurement is not price comparison. International buyers need more than just a product specification sheet; they need a trustworthy partner who understands the complexities of cross-border chemical procurement—from quality control to regulatory compliance,” said the General Manager of Ascent Petrochem. “We hope to establish a transparent and standardized partnership with buyers, reducing hidden costs throughout the supply chain and giving buyers confidence in every shipment.”

Ascent Petrochem’s proposed solution serves various buyers in the dichloromethane sector and incorporates the order review standards the company uses in trade communications with clients in major export markets such as Europe, the Middle East, and Southeast Asia.

This workflow is for practical reference only and cannot replace local regulations, customs requirements, packaging standards, etc., regarding hazardous chemicals management.

Buyers can send the product destination, required grade, quantity, and related needs to Ascent Petrochem, and we can provide customized compliance assessments and supply solutions.

For order scope inquiries, please email: admin@ascent-chem.com

About Ascent Petrochem

Ascent Petrochem Holdings Co., Limited is a leading global integrated chemical group engaged in the manufacturing, R&D, sales, and technical services of chemical products. The company maintains long-term strategic partnerships with leading domestic manufacturers, ensuring stable supply capacity and consistently high product quality.

Our products cover eight categories, including organic chemicals, inorganic chemicals, resins, and plastics. Our core strengths lie in hazardous chemicals procurement and cross-border supply chain management. We serve over 60 active clients in more than 25 countries and regions. For more information, please visit: https://www.ascent-petrochem.com/

Media Contact

William Jiang
Ascent Petrochem Holdings Co., Limited 
alisongaobin@gmail.com
+86 15365186327
https://www.ascent-petrochem.com

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Press Release

ThinkMarkets Expands Weekend Trading Offering, Launches Weekend League Competition

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London, United Kingdom, September 1st, 2026, FinanceWire

ThinkMarkets, a global multi-asset CFD broker, today confirmed the launch of Weekend League, a client trading competition built around its weekend trading offering, with further expansion of that offering in development. 

What’s tradable at the weekend 

ThinkMarkets clients currently have access to a growing range of markets that trade when traditional exchanges are closed: 

  • 24/7 Gold (XAUUSD247) 
  • 24/7 Silver (XAGUSD247) 
  • 24/7 Indices, including Nasdaq 100 (NAS247) and US S&P 500 (SPX247)
  • 24/7 Commodities, including Brent Crude (BRENT247) and US Crude (WTI247)
  • Cryptocurrencies, continuously priced through the weekend 
  • Synthetic indices, including the recently added WEEKEND_STORM 

Continuous pricing on gold and silver closes the gap between Friday’s close and Sunday’s reopen, during which price-moving news has historically gone unpriced until markets resumed on Monday. Additional weekend-tradable instruments are currently in development, with further announcements to follow. 

Weekend League: four weekends, ranked on performance not balance.

Weekend League is a client trading competition running across four consecutive weekends, from 5 to 27 September 2026. Each weekend carries its own prize pool of 2,500 USD, giving participants a new opportunity to compete every week of the competition. Unlike formats that rank by account size, Weekend League ranks participants by percentage return on capital, so performance is what counts, not the size of the account behind it. Participating trades also earn 2x ThinkRewards points, redeemable for cash, so every entrant has something to gain regardless of where they land on the leaderboard. Registration is open now via ThinkPortal.  

Executive comment 

Commenting on the announcement, Nauman Anees, CEO and co-founder of ThinkMarkets, said: 

“Trading has traditionally worked to a Monday-to-Friday clock, but that’s not how our clients live. A lot of them only have the time to trade at the weekend, once work and other commitments ease off, and we don’t think markets should be closed just because the traditional week is. Weekend League is one of the ways we’re making that more exciting for clients who want to trade the weekend, with not only real prizes for the people who perform, but cashback for everyone who participates.” 

About ThinkMarkets 

ThinkMarkets is a global, multi-regulated online brokerage established in 2010, offering clients quick and easy access to 4,000 CFD instruments across FX, indices, commodities, equities, and more. ThinkMarkets has offices in London, Dubai, Melbourne, and Chicago, along with hubs in the Asia-Pacific, Europe, and South Africa. It also operates under several financial licences around the globe and delivers some of the industry’s most recognised trading platforms, including its award-winning platform, ThinkTrader. For more information, visit thinkmarkets.com.

Contact

Global Head of Brand and Marketing
Chantelle Lea
ThinkMarkets
pr@thinkmarkets.com

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