Connect with us

Press Release

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

Published

on

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.

Continue Reading

Press Release

i-payout Introduces a New Approach to Payments, Closing the Beneficiary Information Gap

Published

on

Fort Lauderdale, USA, October 6th, 2026, FinanceWire

New payment delivery solution enables businesses to initiate payments with limited beneficiary information while giving recipients a secure, streamlined way to receive their funds.

International Payout Systems, Inc. (“i-payout”), a global payments technology provider, today announced a new payment delivery solution designed to modernize how businesses issue refunds, claims, reimbursements, and other payments when complete beneficiary payment information is not readily available.

Across industries including insurance, travel, e-commerce, e-sports, consumer products, and corporate services, businesses routinely encounter the same challenge: they know who needs to be paid and how much they are owed, but they may not have the banking, card, or other payment information necessary to deliver the funds.

i-payout’s Solution Changes That Process

Rather than requiring businesses to collect and maintain sensitive payment credentials before initiating a reimbursement, businesses can submit available beneficiary information, such as an email address, payment amount, and transaction or claim reference. i-payout then facilitates a secure digital payment experience that allows the beneficiary to provide the information required to receive the funds and select from available payment delivery options.

Traditional payment delivery processes can involve manual outreach, incomplete banking instructions, returned payments, and lengthy exchanges between businesses and beneficiaries. These processes increase operational costs while delaying access to funds.

Once a reimbursement is authorized, the beneficiary receives a secure notification directing them to complete the payment process by following secure, intuitive, self-guided steps.

This approach enables businesses to separate the decision to authorize a payment from the operational challenge of managing the payment delivery.

The solution is designed to support organizations managing high volumes of payments to individuals and businesses, including insurance claim reimbursements, airline and travel reimbursements, customer refunds, corporate and vendor reimbursements, and many others.

By centralizing beneficiary onboarding, payment information collection, payment-method selection, and disbursement within a single workflow, i-payout helps businesses replace fragmented reimbursement processes with scalable payment infrastructure.

Companies like Riot Games recognize that the future of reimbursements requires a more automated, seamless, and beneficiary-centric approach. Modernizing the refund process can significantly reduce the time between payment obligation and payment delivery, while eliminating many of the manual processes and operational complexities traditionally associated with issuing refunds. By leveraging an interoperable payment infrastructure, businesses can initiate reimbursements using the beneficiary information already available and allow recipients to securely complete any additional requirements and select their preferred method of payment. This creates a frictionless end-to-end process while providing beneficiaries with greater choice, convenience, and faster access to their funds.

The result is a fundamental shift in how these payments are managed: transforming what has historically been a fragmented process into a streamlined digital payment experience that benefits both the business and the beneficiary.

“The reimbursement market has historically focused on the question of how to move the money. We believe the bigger challenge starts one step earlier: How do you pay someone when you know money is owed but don’t have everything required to deliver it?” said Eddie Gonzalez, President & CEO of i-payout. “Our solution is designed to close that gap. The business tells us who needs to be paid and how much is owed. We provide the technology that enables the beneficiary to securely complete the payment journey and receive their funds.”

As consumers increasingly expect payments to be digital, fast, and convenient, reimbursement and refund experiences have often remained disconnected from the advances occurring elsewhere in payments. i-payout aims to change that.

By combining beneficiary engagement, secure information collection, payment orchestration, and global payment capabilities, i-payout is building infrastructure designed to turn reimbursement and refunds from a back-office process into a modern digital payment experience.

About i-payout

International Payout Systems, Inc. (“i-payout”) is a global payments technology company providing businesses with solutions for distributing funds to individuals and businesses across markets and payment methods. 

Its technology supports enterprise payment programs requiring recipient onboarding, payment delivery, transaction management, payment tracking and configurable disbursement workflows. 

About Riot Games

Riot Games was founded in 2006 to develop, publish, and support the most player-focused games in the world. In 2009, Riot released its debut title, League of Legends, which has gone on to be one of the most-played PC games in the world. In the years since, Riot has released VALORANT, Teamfight Tactics, Legends of Runeterra, League of Legends: Wild Rift, Riftbound and 2XKO. Riot’s titles have led to the creation of some of the most-watched and widely recognized esports in the world, culminating in events like the League of Legends World Championship, VALORANT Champions Tour (VCT) and the TFT Open, which are watched by millions of fans each year. Riot has also expanded its IP through multimedia projects across music, comic books, board games, and Arcane, its Emmy-winning animated series.  

For more information regarding i-payout’s services, please email discover@i-payout.com.

Contact

CEO
Eddie Gonzalez
International Payout Systems Inc. “i-payout”
discover@i-payout.com
954-513-3151

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

Press Release

New Generation of Crypto Miners Released by ASICID

Published

on

Hong Kong, Hong Kong, October 6th, 2026, Chainwire

ASICID Inc. has released its IDMINER Series, a new lineup of cryptocurrency mining systems designed for Bitcoin, Litecoin, and Dogecoin mining.

The series includes the IDMINER HomeRack, IDMINER 2 and IDMINER 1, with configurations ranging from 1,150 TH/s to 9,600 TH/s of Bitcoin hashrate and from 350 GH/s to 3,200 GH/s of Litecoin and Dogecoin hashrate.

The three models are designed for different mining setups, from individual and home miners to professional and larger-scale operators.

IDMINER Series Specifications

IDMINER HomeRack

  • Bitcoin hashrate: 9,600 TH/s
  • Litecoin/Dogecoin hashrate: 3,200 GH/s
  • Power configuration: 4 × 1,300W
  • Estimated monthly mining revenue: up to $25,590*

IDMINER 2

  • Bitcoin hashrate: 2,400 TH/s
  • Litecoin/Dogecoin hashrate: 800 GH/s
  • Power consumption: 1,300W
  • Estimated monthly mining revenue: up to $6,390*

IDMINER 1

  • Bitcoin hashrate: 1,150 TH/s
  • Litecoin/Dogecoin hashrate: 350 GH/s
  • Power consumption: 700W
  • Estimated monthly mining revenue: up to $2,790*

*The revenue figures are estimates based on network conditions, cryptocurrency prices, and mining difficulty at the time of publication.

Designed for Simpler Deployment

The IDMINER systems are delivered pre-configured and tested before shipment. Users can connect the miner to power, connect via WiFi or Ethernet, enter their preferred mining pool information, and begin mining.

The systems support major mining pools and also provide access to ASICID’s Zero-Fee Mining Pool option.

Other features include thermal management and hardware testing before shipment.

Built for Bitcoin, Litecoin and Dogecoin Mining

ASICID develops and manufactures its mining hardware through an integrated production process that includes research and development, hardware engineering, assembly, thermal testing, and quality assurance.

The company is headquartered in Hong Kong with additional operations in the United States and serves individual miners, professional mining businesses, and institutional operators.

With the IDMINER Series, ASICID is targeting miners looking for high-hashrate hardware with straightforward deployment and power requirements suited to ongoing mining operations.

For more information about the IDMINER Series, users can visit www.asicid.com.

Contact

Peter Lam
media@asicid.com

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

Press Release

Vstock Transfer Names Securities Industry Veteran Erica Goodstein General Counsel and Chief Compliance Officer

Published

on

New York, USA, October 6th, 2026, FinanceWire

Vstock Transfer today announced that Erica Goodstein, a veteran securities attorney with over 26 years of experience, has joined the firm as General Counsel and Chief Compliance Officer. Erica joins Vstock Transfer after more than a decade as Assistant General Counsel at Equiniti and American Stock Transfer & Trust Company, LLC where she served as a lead attorney supporting the company’s legal and regulatory functions, advising executive leadership and the board on corporate strategy and risk management. Earlier in her career, she spent nearly 14 years as an attorney at Skadden, Arps, Slate, Meagher & Flom LLP, handling complex domestic and international commercial litigation and related matters spanning securities, intellectual property, bankruptcy, real estate, and corporate takeover disputes.

“Erica’s experience speaks for itself and having her lead our legal and compliance function reflects exactly where Vstock Transfer is headed,” said Seth Farbman, Chairman and Co-Founder of Vstock Transfer.

“Erica joins us at a pivotal moment,” said Yoel Goldfeder, CEO of Vstock Transfer. “While her experience will be valuable in our existing services, including SPAC and de SPAC transaction services, proxy solicitation, and annual meeting services for the issuers we serve, Erica’s background will also help us expand well beyond core transfer agency work with AI, blockchain and related corporate services. Having someone with her background gives our clients, and prospective clients, real confidence in the governance behind that growth.”

“What drew me to Vstock Transfer is the momentum,” said Goodstein. “The caliber of companies coming to this firm and the scope of services being rolled out reflect a firm that, even after fifteen years, is scaling deliberately. I am looking forward to building on the legal and compliance foundation and roadmap to match that growth.”

About Vstock Transfer

Vstock Transfer is an SEC-registered stock transfer agent providing transfer agency and corporate action services to public companies on Nasdaq, NYSE, and the OTC markets. Services include DWAC and DRS processing, dividend distributions, proxy solicitation, annual meeting support, virtual meeting hosting, as well as SPAC and de-SPAC transaction services.

Contact

Chairman
Seth Farbman
Vstock Transfer
Seth@vstocktransfer.com

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

LATEST POST