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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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DWF Labs Expands Global Regulatory Footprint with BVI Virtual Asset Service Provider Approval

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Road Town, Tortola, British Virgin Islands, September 3rd, 2026, Chainwire

DWF Labs, an established, market-tested investor and market maker built to strengthen digital asset market infrastructure at scale, today announced an expansion of its global regulatory footprint with a group entity granted Virtual Asset Service Provider (VASP) regulatory approval from the British Virgin Islands Financial Services Commission (BVI FSC).

Granted under the BVI’s Virtual Assets Service Providers Act 2022, the approval authorizes DWF Labs as a registered VASP, to provide the exchange of one or more forms of virtual assets, as well as to participate in, and provide financial services related to an issuer’s offer and/or sale of a virtual asset.

The approval enables institutional clients access to DWF Labs’ integrated OTC trading and market making capabilities, including spot trading across thousands of digital assets and stablecoins, through a regulated BVI entity. It also strengthens the company’s ability to deliver investment, incubation and ecosystem development services to support token issuers and digital asset projects on a global scale. 

The BVI has established itself as a leading jurisdiction for decentralized ledger deployments and structured real-world asset (RWA) tokenization. The territory now represents nearly 10% of the global tokenization US treasuries market, with $1.5 billion in distributed value. BVI-domiciled entities also facilitate more than $1.2 billion in active, circulating stablecoins – figures underpinned by more than 24,700 stablecoin asset holders and weekly transfer volumes of $694.1 million. These figures (Source: rwa.xyz treasuries and stablecoins) reflect the strength of both the regulatory and market infrastructure DWF Labs is now positioned to operate within. 

Heng Lee, Managing Director and Partner at DWF Labs said, “The Virtual Asset Service Provider (VASP) approval from the British Virgin Islands Financial Services Commission (BVI FSC) is a key step in responsibly expanding and delivering DWF Labs’ regulated digital asset services to international institutional clients.” 

“As the digital asset market and industry continue to mature, and adoption increases, this addition to our regulatory framework will enable us to deliver a broader range of solutions, products, and services, while reinforcing our focus upon transparency and governance.”

DWF Labs will continue to expand its regulatory footprint across key global markets, supporting its international growth strategy and commitment to operating within robust regulatory frameworks.

About DWF Labs

Established in 2022, DWF Labs is an investor and market maker, focused on giving builders the capital, liquidity, expertise, and partnerships needed to take ideas from concept to scale. DWF Labs is among the world’s largest high-frequency digital asset trading organizations, active on more than 80 centralized and decentralized exchanges. The firm supports over 20% of CoinMarketCap’s Top 100 projects and 35% of its Top 1,000, and has worked with more than 1,000 blockchain companies across Layer 1 and Layer 2 networks, DeFi, gaming, AI, payments, infrastructure, and tokenization.

The firm’s work is organized across four business lines: Liquidity (institutional market making and liquidity provision), Investment and Incubation (strategic capital and token advisory for emerging projects), Ecosystem Development (go-to-market support), and OTC and Structured Markets (tailored trading solutions for institutions, funds, and protocol treasuries). DWF Labs also founded and incubated Falcon Finance, a synthetic dollar and universal collateralization protocol.

DWF Labs operates a globally distributed team on a 24/7/365 basis. 

For more information, visit www.dwf-labs.com, or follow DWF Labs on X, LinkedIn, and Telegram.

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DWF Labs
press@dwf-labs.com

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Press Release

How to Safely Move QuickBooks to a New Computer

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Brandon, MB, Sep 03, 2026, ZEX PR WIRE — Upgrading to a new computer should improve productivity, not create accounting headaches. Unfortunately, many QuickBooks users encounter installation errors, missing company files, or licensing issues during the transition. A careful migration process helps ensure your financial data remains secure and accessible.

One of the first steps is confirming your QuickBooks license information. Before moving to a new system, make sure you have your license number, product details, and installation files available. Missing license information can delay the setup process and create unnecessary troubleshooting challenges.

Next comes file migration. Your QuickBooks company file, backup files, templates, reports, and related documents should be copied using a verified backup rather than simply dragging files between computers. This helps reduce the risk of transferring incomplete or corrupted data.

Version matching is another critical requirement. The QuickBooks version installed on the new computer should match the version used to create the company file. Attempting to open a newer file in an older QuickBooks version can result in compatibility errors and access issues.

For businesses using multi-user mode, the new environment must be properly configured before employees reconnect. Shared folders, database services, user permissions, and hosting settings should be verified to ensure seamless access for all users.

Many migration projects run into common installation failures, including Windows permissions problems, missing components, damaged installation files, firewall restrictions, or incomplete QuickBooks updates. These issues can prevent QuickBooks from opening correctly even when the company file itself is intact.

While moving QuickBooks to a new computer is typically straightforward, skipping key steps can lead to downtime, performance problems, or file access errors. Creating verified backups, confirming version compatibility, and validating the file after transfer are the best ways to ensure a smooth transition.

As QuickBooks data and migration specialists, we often help businesses recover from failed moves that could have been prevented with proper planning. Taking a few extra precautions before the migration can save hours of troubleshooting and protect the financial data your business depends on.

 

About QuickBooksUsers.com

QuickBooksUsers.com is backed by the team at E-Tech Corporation, a company that has specialized exclusively in QuickBooks data services since 1999. Over more than two and a half decades, we’ve repaired, converted, and migrated tens of thousands of QuickBooks files for businesses of every size — from sole proprietors to enterprises with complex multi-entity setups.

What started as a focused QuickBooks file repair service has grown into a comprehensive operation covering 36 distinct services. We handle everything from emergency data recovery to complex platform migrations, file optimization, and regional conversions. Our clients include accounting firms, bookkeepers, IT consultants, and businesses across the United States, Canada, the United Kingdom, and Australia.

We’ve worked with every version of QuickBooks ever released — from the earliest DOS editions through the latest Desktop and Enterprise versions. That depth of experience means we’ve seen virtually every type of file issue, error code, and conversion challenge that exists. When you bring us a problem, chances are we’ve solved it before.

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Press Release

What to Do Before Upgrading to a New Version of QuickBooks

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Brandon, MB, Sep 03, 2026, ZEX PR WIRE — Upgrading to a new version of QuickBooks can provide access to updated features, security improvements, and ongoing support. However, rushing the process without proper preparation can lead to compatibility problems, data issues, and unexpected downtime. A little planning before the upgrade can prevent significant headaches later.

One of the most important steps is performing compatibility checks. Verify that your operating system, hardware, and network environment meet the requirements of the new QuickBooks version. Businesses should also confirm that any third-party applications they rely on will continue to function after the upgrade.

Add-on testing is often overlooked. Integrations for payroll, payment processing, inventory management, CRM systems, and custom reporting tools may not immediately support the latest QuickBooks release. Testing critical workflows before a full deployment can help identify problems early.

Before making any changes, businesses should complete and verify a full backup of their QuickBooks company file. A backup is only useful if it can be restored, so validating the file before upgrading is a critical step. This provides a safety net if unexpected issues occur during the migration.

Organizations using QuickBooks Payroll should review any subscription impacts as part of the upgrade process. Certain payroll features, tax table updates, and support services may have version-specific requirements that could affect ongoing payroll operations.

Finally, every upgrade should include a rollback plan. If compatibility issues, performance problems, or file conversion errors arise, businesses need a documented process for returning to their previous environment without risking data loss.

A successful QuickBooks upgrade is not just about installing new software. It involves validating backups, testing integrations, reviewing subscription requirements, and preparing for potential setbacks. By taking these precautions, businesses can minimize risk and ensure a smooth transition to their new QuickBooks version.

As QuickBooks migration and data specialists, we often find that the most successful upgrades are the ones that prioritize preparation. A few hours of planning can prevent days of troubleshooting and help protect the financial data your business depends on.

 

About QuickBooks Ninja

QuickBooks Ninja is backed by the team at E-Tech Corporation, a company that has specialized exclusively in QuickBooks data services since 1999. Over more than two and a half decades, we’ve repaired, converted, and migrated tens of thousands of QuickBooks files for businesses of every size — from sole proprietors to enterprises with complex multi-entity setups.

What started as a focused QuickBooks file repair service has grown into a comprehensive operation covering 36 distinct services. We handle everything from emergency data recovery to complex platform migrations, file optimization, and regional conversions. Our clients include accounting firms, bookkeepers, IT consultants, and businesses across the United States, Canada, the United Kingdom, and Australia.

We’ve worked with every version of QuickBooks ever released — from the earliest DOS editions through the latest Desktop and Enterprise versions. That depth of experience means we’ve seen virtually every type of file issue, error code, and conversion challenge that exists. When you bring us a problem, chances are we’ve solved it before.

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.

Continue Reading

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