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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

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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

STARTRADER Adds 20 Stock and ETF CFDs to Its 24/7 Trading Range

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9 minutes ago

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October 6, 2026

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Port Louis, Mauritius, October 6th, 2026, FinanceWire

Available from October 6, 2026, the 12 stocks and 8 ETFs extend STARTRADER’s round-the-clock access across South Korea, Hong Kong and the US.

STARTRADER has launched 20 new Stock and ETF CFDs on its MT5 servers, tradable Monday to Sunday from 00:00 to 24:00 (GMT+3 platform time). The launch focuses on the companies supplying the physical infrastructure behind AI, and half of the 20 are listed in Seoul or Hong Kong, where sessions close before US markets open. Extended trading hours may allow clients to access these CFD products outside the regular trading hours of the underlying exchanges, subject to applicable trading conditions. 

Seven additions provide exposure to companies and products associated with the high-bandwidth memory (HBM) and DRAM supply chain, including Samsung Electro-Mechanics (SAMSUNGEMUSD) and Hanmi Semiconductor (HANMIUSD), together with five products offering 2x leveraged exposure, including long and short exposure to SK hynix (SKUUUSD, CSOPSKHYNIX2LUSD, SKDDUSD), and long exposure on Samsung Electronics (CSOPSAMSUNG2LUSD) and exposure to the DRAM sector (RAMUSD).

Five additions provide exposure to companies and an ETF associated with areas of AI data-centre infrastructure, including Zhongji Innolight (ZHONGJIUSD), which completed a US$6.8 billion Hong Kong listing in July, the Roundhill Photonics & Optics ETF (LYTEUSD), Vistra (VSTUSD) in power generation, Cloudflare (NETUSD) in edge computing and LG Electronics (LGELECTRONICSUSD) in liquid cooling.

The remaining eight additions are Naver (NAVERUSD), the KODEX 200 ETF (KODEX200USD), Kuaishou (KUAISHOUUSD), Meituan (MEITUANUSD), the VanEck Gold Miners ETF (GDXUSD), Moderna (MRNAUSD), Trump Media & Technology Group (DJTUSD) and Shopify (SHOPUSD).

“Interest in AI has moved down the stack, from the companies that design chips to the ones that supply their memory, optics, power and cooling. This launch follows it there, with a deliberate focus on Asia, where many of those companies are listed.” – Peter Karsten, CEO, STARTRADER

The launch follows the 49-symbol expansion announced in September and adds further instruments from Asian equity markets to STARTRADER’s trading offering. Further additions may be considered based on market developments, product availability and applicable trading conditions. 

Risk Warning: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Leveraged and inverse ETFs generally seek to provide amplified or inverse daily performance relative to their stated benchmark and may produce materially different results over longer holding periods. Trading outside home-market hours may involve wider spreads and lower liquidity. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Disclaimer: This information is for general informational purposes only and does not constitute investment advice or a recommendation to trade. Product availability, trading hours, leverage and applicable conditions may vary by jurisdiction and account type. CFDs involve a high risk of loss, and clients should consider whether trading is appropriate for their circumstances.

About STARTRADER

STARTRADER is a global multi-asset broker empowering retail and institutional partners to access global markets through a range of platforms, including MetaTrader, STARTRADER APP, and STAR Copy. Regulated in five jurisdictions (CMA, ASIC, FSCA, FSA, and FSC), STARTRADER combines strong governance with a client-first approach, serving both retail clients and partners with a commitment to transparency, reliability, and long-term growth.

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Janna.magabilen
Janna.magabilen@startrader.com

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Press Release

Kroum Vassilev Leads Energy and Venture Work Across Southeast Europe

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1 hour ago

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October 6, 2026

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Entrepreneur Holds Roles at Profine Energy Bulgaria, Enevlo, and Nebula Purple. Kroum Vassilev holds concurrent leadership positions spanning renewable energy development, energy storage, and early-stage venture capital in Bulgaria and the broader Southeast European region.

Bulgaria, 6th Oct 2026 – Kroum Vassilev, an entrepreneur working across renewable energy, technology, venture capital, and real estate, holds three active leadership positions in Southeast Europe. He serves as Managing Director of Profine Energy Bulgaria, Principal at Enevlo, and Operating Partner at Nebula Purple. Together, these roles connect renewable project development with operational execution and early-stage investment.

Kroum Vassilev Leads Energy and Venture Work Across Southeast Europe

Profine Energy Bulgaria is a joint venture between Profine and Wirth Gruppe focused on developing large-scale renewable energy projects. As Managing Director, Vassilev leads the organization’s work in Bulgaria. Kroum Vassilev at Profine Energy Bulgaria is involved in projects intended to make a meaningful environmental contribution through commercially structured renewable energy development. The role requires direct participation in project activity rather than advisory involvement alone.

As Principal at Enevlo, Vassilev works across the full renewable energy project lifecycle. The company’s responsibilities include planning, financing, constructing, and operating power plants and energy storage systems in Bulgaria and the broader Southeast European region. Kroum Vassilev’s work at Enevlo connects financial planning with the operational stages required to move infrastructure projects forward. Energy storage forms part of that work alongside power generation, providing another component of the company’s clean-energy activity.

Vassilev also serves as Operating Partner at Nebula Purple, an early-stage venture capital firm focused on Southeast Europe. The firm works with startups in deep tech, green energy, fintech, and artificial intelligence. His responsibilities include assisting portfolio founders with fundraising, strategy, and operational growth. Kroum Vassilev’s regional leadership therefore spans both infrastructure development and early-stage company building, with each role grounded in active work across capital, planning, and execution.

About Kroum Vassilev

Kroum Vassilev is an entrepreneur working across technology, renewable energy, venture capital, and real estate. He serves as Managing Director of Profine Energy Bulgaria, a joint venture between Profine and Wirth Gruppe; Principal at Enevlo, which works across power generation and energy storage projects; and Operating Partner at Nebula Purple, an early-stage venture capital firm focused on deep tech, green energy, fintech, and artificial intelligence in Southeast Europe. Additional information is available through Kroum Vassilev’s official profile.

Media Contact

Organization: Kroum Vassilev

Contact Person: Kroum Vassilev

Website: https://kroumvassilev.net/

Email: Send Email

Country: Bulgaria

Release id: 49684

The post Kroum Vassilev Leads Energy and Venture Work Across Southeast Europe 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

HIVE-X Introduces Blockchain Infrastructure for Digital Asset Management and Real-World Integration

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1 hour ago

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October 6, 2026

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Philippines, 6th Oct 2026 – HIVE-X has announced the development of its digital asset infrastructure built on the BNB Smart Chain, designed to connect blockchain-based technology with digital wallets and real-world payment systems.

Rather than focusing on speculative trading, HIVE-X aims to build a practical technology ecosystem where its utility token, HVX, powers asset management, digital wallet services, and integrated payment solutions.

The core objective of HIVE-X is to bridge the gap between decentralized asset protocols and everyday digital transactions through a unified framework combining the HIVE Wallet and payment card API infrastructure.

Advancing Blockchain Beyond Storage and Transfer

HIVE-X is engineered around the principle that digital assets must evolve beyond simple storage and peer-to-peer transfers to support practical everyday utilities.

The HIVE-X architecture integrates several core components:

  • HIVE Wallet Integration: Serving as the central gateway for digital asset management.
  • Payment Infrastructure: Connecting supported digital assets with online and point-of-sale systems.
  • Asset Management Solutions: Providing real-time portfolio analytics and secure transfers.
  • Ecosystem Expansion: Partnering with international service providers to broaden utility.

Through this structured approach, HIVE-X establishes a secure environment for users to manage digital assets while expanding real-world transaction capabilities.

Integrated Digital Payment Solutions

A central component of the HIVE-X ecosystem is its planned crypto card integration. The underlying infrastructure connects user-managed digital assets with standard payment environments, enabling supported digital assets to be processed for physical and online merchants.

The payment system pilot currently supports USDT-based transactions, with real-world payment processing tests successfully completed. Technical development is currently underway to fully integrate HVX into the card funding and payment processing network.

Specific operational parameters, including supported jurisdictions, transaction limits, and partner arrangements, will be released as compliance and technical integrations are finalized.

HIVE Wallet: The Ecosystem Gateway

HIVE-X is actively developing HIVE Wallet, a dedicated application designed to serve as the main interface for the entire ecosystem.

The wallet will support BNB Smart Chain-based asset management, secure token transfers, portfolio tracking, and integration with payment card services. Planned features include market price tracking, transaction history logs, and support for multi-chain digital assets in subsequent development phases.

The long-term objective is to provide a single, unified interface where users can seamlessly manage digital assets and interact with global payment services.

Technical Architecture and Phased Roadmap

HVX operates on the BNB Smart Chain under the BEP-20 standard with a fixed total supply of 100 billion tokens, designed to maintain ecosystem stability.

HIVE-X is pursuing a structured, phased roadmap:

  1. Infrastructure Establishment: Initial deployment of HVX on the BNB Smart Chain.
  2. Platform Development: Launch of HIVE Wallet and expansion of international partner networks.
  3. API Integration: Connecting payment card infrastructure with wallet services for broader adoption.

By combining dedicated software, payment card APIs, and a scalable network architecture, HIVE-X continues to develop solutions that connect digital assets with modern financial technologies.

For more information about HIVE-X and its technology ecosystem, visit the official website at https://hvxglobal.com/. 

 

About HIVE-X

HIVE-X is a blockchain technology platform built on the BNB Smart Chain, focused on connecting digital assets with real-world payment infrastructure. Through HIVE Wallet and integrated payment solutions, HIVE-X develops practical systems for digital asset management and everyday transactions.

Media Contact

Organization: BAYANIHAN TECH, INC.

Contact Person: HIVE-X Communications Team

Website: https://hvxglobal.com

Email: Send Email

Country: Philippines

Release id: 49669

The post HIVE-X Introduces Blockchain Infrastructure for Digital Asset Management and Real-World Integration 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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