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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

Amboss and Aureo Connect the Lightning Network to Mexico’s Banking System

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4 hours ago

on

September 9, 2026

By

Mexico City, Mexico, September 9th, 2026, FinanceWire

Businesses and individuals anywhere in the world can now send payments that arrive as pesos in a Mexican bank account in seconds

Amboss Technologies, the payments platform that connects businesses to instant, global payments, and Aureo, the Mexican platform that converts Lightning payments directly into peso bank deposits, today announced an integration that links the global Lightning Network to Mexico’s banking system end to end.

Until now, the Lightning Network’s instant settlement stopped at the edge of Mexico’s financial system. With this integration, any business using Amboss Payments can route funds to an Aureo Lightning address and have them arrive as Mexican pesos in a bank account via SPEI, Mexico’s interbank transfer system, in seconds. A customer pays in bitcoin over the Lightning Network, and the recipient in Mexico receives pesos in their bank account without touching an exchange.

Lightning payments have become increasingly popular, with a reach of more than 900 million users globally through exchange apps including Coinbase, Binance, and Cash App. For businesses, Lightning payments cost less than traditional payment cards and settle instantly and finally, with no chargeback risk, making them an attractive supplement to card processing.

The timing reflects a large and underserved market. The United States and Mexico traded an estimated $872 billion in goods in 2025, making Mexico America’s largest trading partner, yet most cross-border business payments still move on slow and costly correspondent banking rails.

With Amboss and Aureo connected, a Mexican business can accept Lightning payments from customers across the United States and globally, hold balances in bitcoin, USDT, or USDC to manage treasury, and move funds to their Mexican bank account whenever they choose.

“Payment rails between the US and Mexico were designed decades ago, and businesses on both sides of the border pay for that every day,” said Jesse Shrader, CEO and Co-Founder of Amboss Technologies.

With Aureo, a Mexican business can accept payments from more than 900 million people through the apps they already use, at a lower cost than card processing, with no chargebacks, and receive pesos in its bank account within seconds. But the opportunity goes beyond accepting payments: Mexican and international businesses can also use the same infrastructure to send pesos to suppliers, contractors, workers, or any other recipient with a Mexican bank account. That is what modern cross-border settlement should look like.

Mexican businesses have always been ready to sell to the world. What they lacked was a payment rail that matched their ambition,” said Gustavo Flores, CEO and Founder of Aureo. “By connecting to Amboss, we make it possible for any business in Mexico to accept instant payments from customers anywhere and receive pesos directly in its bank account, fully compliant with Mexican regulations. Through Aureo’s Direct to Bank feature, a business only needs to set up an Aureo Lightning address once and link it to its Mexican bank account. From that point on, incoming Lightning payments are automatically converted and deposited as pesos, removing the complexity of creating and paying individual Lightning invoices. This is the missing link between the global economy and the Mexican banking system.

The integration is live today. Aureo appears in the Destinations and Integrations sections of the Amboss Payments app, where users can direct incoming payments to any Aureo Lightning address. Aureo operates in full compliance with Mexican regulatory requirements, including KYC verification for all users.

About Amboss Technologies

Amboss connects businesses to instant, global payments with stable money. Businesses send and receive bitcoin with instant conversion to USDT or USDC for no volatility into self-custody. Learn more about reaching 900M+ compatible customers at amboss.tech or meet here.

About Aureo

Aureo is a Mexican platform that connects the Lightning Network to the Mexican banking system. With an Aureo Lightning address, incoming payments are automatically converted to pesos and deposited directly into a Mexican bank account via SPEI. Learn more at aureobitcoin.com.

If interested in exploring how to integrate Bitcoin infrastructure into business in Mexico, users can book a free call with one of Aureo’s founders here.

 Media Contacts

Aureo: maciej@aureobitcoin.com

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Phil
21M Communications
phil@21mcommunications.com

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Press Release

Global Multi-Asset Broker FP Markets Secures UAE CMA Category 5 Licence

Published

5 hours ago

on

September 9, 2026

By

Limassol, Cyprus, September 9th, 2026, FinanceWire

Global multi-asset Forex and CFD broker FP Markets has been granted a Category 5 Licence by the UAE’s Capital Market Authority (CMA), formerly the Securities and Commodities Authority (SCA), adding to the Australian-founded broker’s global regulatory footprint and marking a strategic step into the UAE market. 

The licence, held by group entity FP Markets MENA Securities L.L.C. S.O.C., permits the broker to carry out marketing, promotional, and client introduction activities in Dubai and across the Emirates. In recent years, the UAE has drawn growing numbers of brokers, fintechs, and financial services providers looking to operate on more solid regulatory ground as they build out their regional client base. 

John Lewis, FP Markets Chief Marketing Officer, stated: ‘Securing a CMA licence is part of FP Markets’ longer-term approach to regulation. Over the past 20 years, each licence we’ve added has built toward the multi-regulated presence we operate today, and the UAE is a natural next step in that. For our clients and partners, this means added security, transparency, and quality of service.’   

The licence also underpins a more direct regulatory relationship within the UAE market, on top of FP Markets’ existing multi-jurisdictional oversight. FP Markets holds licences across multiple leading jurisdictions including: the Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA) in Seychelles, the Financial Sector Conduct Authority (FSCA) of South Africa, and the Capital Markets Authority (CMA) of Kenya.

FP Markets will continue to expand its regulatory coverage across markets, in conjunction with ongoing investment in its trading infrastructure, technology, and support functions, ensuring that the pace of regulatory growth is matched by the award-winning quality of service the broker offers to clients and partners alike. 

About FP Markets

FP Markets is a global, multi-regulated, award-winning broker established in Sydney, Australia in 2005. The broker offers 10,000+ CFD instruments across seven asset classes, available on industry-leading platforms including MetaTrader 4/5, TradingView, and cTrader. 

FP Markets’ regulatory presence includes the Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA) in Seychelles, the Financial Sector Conduct Authority (FSCA) of South Africa, and the Capital Markets Authority (CMA) of Kenya.

For more information, users can visit www.fpmarkets.com

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John Lewis
FP Markets
j.lewis@fpmarkets.com

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Press Release

Spyder Moving and Storage launches a 30-day challenge for stress-free relocations

Published

6 hours ago

on

September 9, 2026

By

Mississippi, USA, Sep 09, 2026, ZEX PR WIRE — Most people wait too long to start packing. Spyder Moving and Storage, based in Oxford, Mississippi, says the biggest source of moving day stress is not the move itself. It is the four weeks before it.

Vladyslav Ladygin, owner of Spyder Moving and Storage, built the company around the idea that a move goes smoothly when the plan is broken into small pieces instead of one big weekend scramble. The 30-day challenge is the company’s attempt to put that thinking into a format anyone can follow, whether they hire movers or not.

“A move feels overwhelming when it’s one giant task,” Ladygin said. “It stops feeling that way once you break it into thirty small ones.”

What the challenge covers

The plan runs in four blocks, each covering about a week:

Days 1 to 7: Sort and decide. Go room by room and separate items into keep, donate, and toss. Spyder Moving and Storage recommends starting with closets and garages, since those tend to hold the most items nobody has touched in a year.

Days 8 to 14: Gather supplies and set a budget. This includes boxes, tape, and padding, along with a firm number for what the move should cost. The company suggests getting a written estimate early so there are no surprises later.

Days 15 to 21: Pack the rooms used least. Guest rooms, storage areas, and seasonal items go first. Kitchens and bedrooms wait until closer to moving day, since those stay in use the longest.

Days 22 to 30: Confirm logistics and pack the essentials. This is the week to confirm the moving date, arrange parking or elevator access, and pack a separate bag with the things needed for the first night in the new place.

Built from the company’s own jobs

Spyder Moving and Storage says the plan reflects patterns the company sees on actual moves, not a generic template. Every step in the plan maps to a problem the company has run into on jobs: families who packed the kitchen too early and had nowhere to cook, or households that waited until the last week to start and ran out of boxes.

The company plans to publish the full day-by-day checklist through its channels so households can follow along without needing to hire a mover first. Ladygin said the goal is for the plan to work whether Spyder handles the move or a family does it themselves.

“We built this company to make moving less stressful,” Ladygin said. “That doesn’t have to depend on whether someone books us.”

A plan for local families too

Spyder Moving and Storage works with households across Oxford and the surrounding area, and the company says the same 30-day approach applies to local moves as well as longer ones. A move across town still benefits from the same early sorting and early packing, even if the truck ride is short.

The company also supports several local and regional causes, including Move for Hunger, pet shelters, and the Denver Children’s Foundation, and treats the 30-day plan as part of the same idea: give people a clear, usable resource rather than a vague promise.

How to follow along

Spyder Moving and Storage will share the checklist in stages over the next month, timed to match the four blocks of the plan. Households that want to start now can begin with the sort-and-decide phase, since that step works no matter when moving day falls.

The company said it built the plan to be simple enough to start today and specific enough to actually follow through day 30.

To read more, visit the website here.

About Spyder Moving and Storage

Spyder Moving and Storage is a moving and storage company based in Oxford, Mississippi. It was founded and is owned by Vladyslav Ladygin, a graduate of William Carey University in Hattiesburg, Mississippi. The company serves local and long-distance moves and supports several community and charitable organizations, including Move for Hunger and the Denver Children’s Foundation.

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Cloud PR Wire

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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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