Connect with us

Press Release

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

Published

5 years ago

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

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.

See author's posts

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.

Related Topics:
Continue Reading

Press Release

Atmosphera Partners with SUNWAVES Festival for On-Chain Event Participation Platform

Published

2 hours ago

on

March 3, 2026

By

Atmosphera announces a platform collaboration with SUNWAVES Festival SW38, enabling on-chain participation for the September 2026 Spain edition.

Barcelona, Spain, March 3, 2026 — Atmosphera, an event participation platform that connects blockchain technology with the live entertainment industry, today announced a collaboration with SUNWAVES Festival for its upcoming SW38 edition. 

The partnership integrates Atmosphera’s on-chain platform with one of Europe’s long-running electronic music festivals, scheduled for September 3–7, 2026 in Spain.

Through the collaboration, SUNWAVES SW38 becomes the first major festival to integrate Atmosphera’s tokenized participation framework, which allows individuals to engage with live events through blockchain-verified digital instruments. The platform supports both traditional banking rails and digital asset transactions via USDC on the Arbitrum network.

About SUNWAVES Festival

SUNWAVES was founded in 2007 and has since produced 37 consecutive editions, growing from an independent Romanian beach event into a recognized name in the underground electronic music space. Its programming has featured established artists including Ricardo Villalobos, Marco Carola, Loco Dice, Seth Troxler, Raresh, Rhadoo, tINI, and Sonja Moonear. The festival’s Spanish editions have drawn attendees from across Europe.

SW38 represents SUNWAVES’ continued presence in Spain and its first edition to be featured on the Atmosphera platform.

About Atmosphera

Atmosphera is an event participation platform that connects individuals with live experiences through blockchain-based digital structures. The platform supports both fiat and cryptocurrency transactions, with participant verification and on-chain record-keeping as standard features. Atmosphera’s ecosystem currently includes over 3,500 events and more than 750 organizer partners.

Partnership Details

Under the collaboration, Atmosphera will provide the technical infrastructure to facilitate on-chain participation in the SW38 event. Capital directed through the platform will support event execution, including artist programming, production infrastructure, venue operations, and marketing. All participation is subject to identity verification in accordance with applicable regulations.

“For nearly two decades, Sunwaves has been one of the most consistent festival brands in the electronic music space. This collaboration with Atmosphera represents a step toward broadening how live entertainment engages with participants and how events access operational support through new technology frameworks.”

— Atmosphera Team

Additional Information

Individuals interested in learning more about the Atmosphera platform or the SW38 collaboration can visit atmosphera.live for details. SUNWAVES Festival information is available through its official channels.

Atmosphera: atmosphera.live Telegram: t.me/atmospherainvest SUNWAVES: office@sw4music.es | office@sunfestevents.ro

Media Contact

Organization: ATMOSPHERA CORP

Contact Person: Stoyan Angelov

Website: https://atmosphera.live

Email:
Info@atmosphera.live

Address:InCorp Services, Inc. 1910 Thomes Ave Cheyenne, WY 82001

Country:United States

Release id:41989

The post Atmosphera Partners with SUNWAVES Festival for On-Chain Event Participation Platform 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

file

About Author

Cloud PR Wire

See author's posts

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

Claude Riveloux Releases Market Commentary on Energy Supply Considerations and Capital Flows

Published

6 hours ago

on

March 3, 2026

By

France, 3rd Mar 2026 – Claude Riveloux, Senior Market Strategist, has released a comprehensive market commentary report detailing current observations on global energy supply considerations and recent shifts in institutional capital allocation. The newly published analysis examines available market data, noting historical activity in volatility indices and observable movements of capital between different asset classes during the first quarter of 2026.

Observations on Global Energy Logistics

A primary focus of the report is the structural mechanics of global energy transit routes. Riveloux’s analysis models various scenarios regarding supply chain logistics and their historical correlation with broader energy pricing. The commentary reviews recent market data reflecting implied U.S. bond volatility and technology sector trading volumes in relation to these macroeconomic factors. Furthermore, the report discusses how energy supply metrics have historically interacted with inflation calculations and the broader economic framework.

Reviewing Institutional Capital Flows

Claude Riveloux, whose background includes extensive study at Wharton and Harvard Business School, outlines observable changes in asset allocation strategies among institutional participants. The publication categorizes current market movements into a structural rotation framework, reviewing recent liquidity data to map the current distribution of capital across different sectors.

The commentary highlights several specific asset classes based on their year-to-date performance metrics:

  • Precious Metals: The report documents recent trading volumes and valuation adjustments in gold, reviewing its historical context within macroeconomic shifts.
  • Currency Markets: Riveloux examines the current valuation of the Swiss franc relative to the U.S. dollar, discussing the operational considerations this environment presents for international central banking institutions.
  • Digital Assets: The analysis includes an assessment of recent Bitcoin market behavior, comparing its current pricing trajectory with traditional historical asset classes.

Sector-Specific Market Observations

The report outlines how global supply chain factors and energy logistics have historically influenced specific regional and industrial sectors. Riveloux provides an overview of global regional equity markets, discussing their historical sensitivity to localized logistical disruptions. Additionally, the commentary explores how variations in core energy costs generally influence capital allocation models within the transportation and industrial sectors.

Economic Framework for 2026

In concluding the analysis, Riveloux reviews the economic framework for the remainder of 2026, comparing supply-side economic constraints with demand-driven growth models. The report emphasizes the role of objective risk assessment methodologies in institutional portfolio management and details standard practices for evaluating asset exposure in varying macroeconomic environments.

Media Contact

Organization: Claude Riveloux

Contact Person: Claude Riveloux

Website: https://www.clauderiveloux.com/

Email: Send Email

Country:France

Release id:42082

The post Claude Riveloux Releases Market Commentary on Energy Supply Considerations and Capital Flows 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

file

About Author

Cloud PR Wire

See author's posts

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

A New Chapter Begins: WeTrade Continues Partnership with Phantom Global Racing

Published

7 hours ago

on

March 3, 2026

By

A New Chapter Begins: WeTrade Continues Partnership with Phantom Global Racing

Kingstown, Saint Vincent And The Grenadines, 3rd Mar 2026 – WeTrade has announced the continuation of its partnership with Phantom Global Racing (PGR) for the 2026 season. Building on a strong foundation, this next phase reflects an expanded focus on growth, innovation, and deeper engagement between the worlds of trading and racing. 

New this year, the face and driver representing WeTrade and PGR is the immensely talented Rodrigo Dias Almeida. The Mozambique-born racer brings fresh momentum and ambition to the team, aligning closely with WeTrade’s commitment to performance, precision, and progress. 

 

“We are excited to continue this partnership and to welcome Rodrigo to team,” said Mario Pashardes, International Sales Director at WeTrade. “This collaboration is a shared commitment to pushing boundaries, both in racing and trading.” 

In the 2025 season, WeTrade and PGR carried the partnership through the Porsche Carrera Cup Asia. Thousands of fans cheered on as WeTrade’s brand zoomed across global landmark circuits, including Singapore, Malaysia, and Indonesia.  

Beyond presence, the collaboration extended into race weekend exclusive hospitality and immersive experiences, offering guests and partners exclusive access to pit garages, grid walks, and behind-the-scenes moments at the heart of the action. 

 This year, WeTrade and PGR look forward to expanding the impact of the partnership, engaging fans and communities, and delivering a year defined by ambition and results. 

 About WeTrade 
WeTrade is a globally recognised financial broker, founded in 2015, offering innovative online trading services across a diverse range of CFD instruments. Known for its strong client protection, ultra-low spreads, and award-winning loyalty programs, WeTrade is dedicated to making trading both successful and rewarding.   

Contact 
comms@wetrade.com 

About Phantom Global Racing (PGR) 
Phantom Global Racing is an international motorsport team competing across global racing series, driven by performance, precision, and a commitment to excellence on and off the track. 

 

Media Contact

Organization: WeTrade

Contact Person: CHONG PEI ZHOU

Website: https://www.wetrade.com/

Email:
comms@wetrade.com

City: Kingstown

Country:Saint Vincent And The Grenadines

Release id:42043

The post A New Chapter Begins: WeTrade Continues Partnership with Phantom Global Racing 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

file

About Author

Cloud PR Wire

See author's posts

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

Like Us
Follow Us
Subscribe Us
Follow Us