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The importance of sustainability: Why eco-friendly blockchains are the future

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5 years ago

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As more and more decentralized applications (DApps), such as GameFi, DeFi, NFTs, and more, are being developed, heated discussions about the environmental impact of blockchain and cryptocurrency have reignited once more. Especially after China’s crackdown on cryptocurrency mining activities, public debates about blockchain and crypto-related energy consumption rates have reached a climax.

Proof of Work’s environmental impact

Since the birth of Bitcoin, the Proof of Work (PoW) consensus mechanism has always been fundamental to the security of blockchain networks. This consensus is reached through computing power, commonly referred to as hash rate.

Over time as blockchain technology is being adopted by the world, the energy consumption rate of the entire blockchain network has skyrocketed, leading to significant environmental costs. The University of Cambridge estimates that Bitcoin mining consumes about 130 TWh per year, accounting for about 0.1% of the world’s total primary energy consumption.

As far as DApp development is concerned, energy consumption-related environmental issues are mostly derived from Ethereum mining, since Ethereum is a PoW blockchain with the largest ecosystem full of projects in varying sizes. With the recent London hard fork, the transition to Ethereum 2.0-a complete Proof of Stake (PoS) blockchain, will be completed as early as 2022. As a result, the current energy consumption per transaction on Ethereum is about 35 kWh, which is equivalent to the energy consumption of a single person in developing countries for 3 days.

The true cost of DApp transactions

While mass crypto adoption is happening around the world, DApps and their applicability will eventually catch up. New projects such as wealth management applications, lending platforms, decentralized exchanges (DEX), NFT-inspired metaverses, and more, that are gradually taking over social media and our lives are the ultimate proof. If you have been paying attention to what’s happening around you, the crypto community’s passion and loyalty towards decentralized, immutable technology are clearly reflected in the real world.

That is certainly good news for crypto enthusiasts, but for the environment, it’s an entirely different story. Take NFTs for example. Memo Atken, a digital artist and engineer, estimates that the true cost of an NFT is much higher than a typical energy consumption of a transaction on Ethereum (35 kWh). He believes that NFT-related transactions will cost much more because all NFTs have to be minted and exchanged multiple times on the blockchain.

He is certainly correct. In fact, an NFT’s creation and distribution do not only consist of a simple mint and sale process. There will be many subsequent transactions made by collectors and traders, which makes the average carbon footprint of each NFT close to 340kWh (an average of 211 kg of CO2), equivalent to a single person’s energy consumption in a developed country for more than a month.

Why eco-friendly blockchains are favored by developers

In early 2021, several public blockchains underwent considerable ecosystem expansion, such as ThunderCore, Solana, Polkadot, and Binance Smart Chain. These blockchains’ ecosystems are in full bloom, as decentralized projects like DAOs, Oracles, Token Bridges, DeFi protocols, NFT marketplaces, blockchain games, and more, are being deployed consistently. There are many reasons for the expansion of these networks, but one thing they all have in common is that none of them utilize a PoW consensus mechanism (meaning zero physical mining facilities are used). Instead, novel mechanisms, such as PoS, that allow on-chain staking and other models to replace PoW are applied.

Among them, the ThunderCore blockchain uses the state-of-the-art PoS consensus mechanism, PaLa, which not only solves the “scalability trilemma”, but also supports the chain’s entire ecosystem with cheap renewable energy. ThunderCore is an eco-friendly public blockchain, and its CO2 emissions, resulting from on-chain transactions, are reduced by more than 10,000x. For example, its block creation does not require the support of large amounts of energy resources like Bitcoin and Ethereum do. ThunderCore is also EVM compatible, which allows the rapid migration and deployment of Ethereum projects. With low gas fees (<$0.00001), sub-second confirmations, and 4,000+ TPS, ThunderCore has become a platform favored by developers from the world over.

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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

Frank Lauletta on the Warning Signs Business Owners Miss Before Legal Trouble Starts

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13 minutes ago

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October 14, 2026

By

Pennsylvania, USA, Oct 14, 2026, ZEX PR WIRE — Frank Lauletta has spent his career advising companies across software, healthcare, manufacturing, energy, and professional services. Across those industries, he says the businesses that avoid expensive legal problems are rarely the ones with the most lawyers on retainer. They are the ones that notice small warning signs before those signs become big ones.

“By the time a shareholder dispute reaches a courtroom, the real problem usually started years earlier,” Frank says. “Someone saw it coming and didn’t act on it.”

Sign One: Contracts That Were Never Built to Repeat

A lot of companies grow using whatever agreement worked the last time. Sales terms get copied from one deal to the next, with small edits here and there. Frank says this is one of the clearest signs a business has outgrown its own paperwork.

“If every contract looks a little different, that’s not flexibility. That’s risk sitting in a drawer,” he says. Standardized sales agreements, licensing terms, and terms of use exist for a reason: they remove ambiguity before a negotiation starts, not after it goes wrong.

Sign Two: A Founder Who Is the Only Plan

Frank often works with business owners who built something successful but never wrote down what happens if they step back, sell, or pass the business to someone else. He treats this as a warning sign worth taking seriously, not a distant concern.

“Succession planning isn’t about assuming the worst,” Frank says. “It’s about making sure the business doesn’t depend on one person being available forever.” Companies that wait until a transition is already underway tend to make rushed decisions. Those decisions are harder to unwind than the ones made early.

Sign Three: Disagreements Among Owners That Get Smoothed Over Instead of Resolved

Shareholder disputes rarely start as disputes. They start as disagreements that two partners decide not to put in writing because the relationship feels fine for now. Frank has represented clients on both sides of these situations, including in litigation when a disagreement could not be resolved another way.

“The owners who come to me early, before a disagreement hardens into a position, almost always have more options,” he says. “Once people stop talking and start preparing for a fight, the choices narrow fast.”

Sign Four: Outside Counsel Who Only Hears From You When Something Breaks

Frank frequently serves as outside general counsel to companies, working alongside executive teams on decisions that shape where a business is headed. He says one sign a company is managing legal risk poorly is simple: its lawyer only hears from them after a problem has already happened.

“If the first call I get is the crisis call, we’ve already lost time we didn’t need to lose,” Frank says. “Legal strategy works best when it’s part of the conversation before a deal closes, not after.”

Sign Five: Growth That Outpaces the Agreements Behind It

Fast growth is good news until the paperwork underneath it stops matching the business. Royalty structures, licensing models, and joint venture agreements that made sense at one size can create real exposure at another. Frank says this is a sign that gets missed often, because growth itself feels like proof that everything is working.

“A company can be doing everything right on the business side and still be carrying agreements that don’t fit anymore,” he says. “That gap is where problems start.”

What These Signs Have in Common

None of these signs are dramatic on their own. A copied contract, an unwritten succession plan, a disagreement nobody addressed. Frank says the pattern that connects them is timing: each one is cheap to fix early and expensive to fix late.

“My job isn’t to wait for the fire,” he says. “It’s to help a business notice the smoke.”

To read more, visit the website here.

About Frank Lauletta

Frank Lauletta is an attorney and founding member of Lauletta Birnbaum, LLC, based in Sewell, New Jersey and Philadelphia, Pennsylvania. He advises companies across software, technology, healthcare, telecommunications, manufacturing, energy, and professional services, with a practice that includes outside general counsel work, business transitions, succession planning, and shareholder disputes. Frank earned his undergraduate degree from the University of Delaware and his Juris Doctor with Tax Honors from Rutgers Law School.

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Press Release

Bybit Expands Beyond Crypto as CEO Outlines Next Phase of Financial Platform

Published

9 hours ago

on

October 13, 2026

By

Dubai, United Arab Emirates, October 13th, 2026, Chainwire

Bybit Co-founder and CEO Ben Zhou has outlined the latest stage of the company’s expansion from a crypto exchange into The New Financial Platform, highlighting new products and collaborations across traditional and digital markets. 

The updates were presented during Bybit’s latest biannual “Keynote with Ben” session titled “Make Your Move”, where Ben discussed the convergence of financial markets and the company’s approach to building for that shift. Held outside the usual studio format, in a gathering with a live audience, the keynote brought Ben together with selected guests to discuss changes in the financial landscape, new technologies and the products shaping Bybit’s next phase.

Four Years of TradFi Expansion, With Stocks Now Live and mStocks Ahead

Four years after entering traditional finance with contracts for difference (CFDs) in 2022, Bybit has established itself as the largest crypto CFD platform, with trading volume reaching as much as $100 billion at its peak. On Oct. 12, the company expanded further into traditional markets with the launch of stock trading for eligible users, providing access to more than 1,000 U.S. stocks and ETFs. Users can trade using USDC, with fractional shares and 24/5 access covering U.S. pre-market, regular and after-hours sessions.

Bybit is also developing mStocks in collaboration with Mantle, with a targeted launch in November. The tokenized stock product is designed to be backed 1:1 by real stocks, with plans to support round-the-clock conversion between eligible stocks and mStocks on Bybit, as well as decentralized exchange trading through automated market maker (AMM) liquidity pools on Mantle. Converted mStocks are also expected to be transferable into Bybit’s Unified Trading Account (UTA) for use as trading collateral, subject to applicable terms and conditions.

Bybit launched IPO Express in June, giving eligible users access to selected IPO opportunities at the offering price through tokenized representations of the underlying securities. The service launched with SpaceX and is designed to extend Bybit’s access beyond secondary-market trading into selected primary-market opportunities.

The latest developments build on Bybit’s expansion into perpetuals, pre-market products, foreign exchange and options. Its TradFi offering now spans more than 600 products across equities, ETFs, indices, commodities and FX. TradFi perpetuals have recorded more than $180 billion in trading volume, while recent additions include Forex Perps and Perp Options, an industry-first options product built on TradFi perpetuals.

Bybit is continuing to develop new perpetual products linked to AI computing and commodities, extending its range of instruments beyond conventional crypto markets.

Extending the Platform into Payments

Beyond trading and investing, Bybit has expanded its payments infrastructure to help customers move funds with greater flexibility. Bybit Pay and Bybit Card support crypto and fiat transfers, merchant payments and everyday spending. The service now connects users with more than 5,000 merchants across 15+ countries and supports transfers to bank accounts and e-wallets, alongside QR payments and other payment services. Bybit has issued more than 4 million Bybit Cards, extending the platform’s use beyond financial markets into payments and spending.

Security and Regulatory Infrastructure

The expansion has been accompanied by investment in security, compliance and technology infrastructure.

In the first half of 2026, Bybit said it intercepted more than 30,000 suspicious withdrawal requests, protecting users from more than $700 million in potential losses.

Bybit also secured five new licenses and regulatory approvals across European Union, the Cayman Islands, Indonesia, South Africa and El Salvador during 2026. These regulatory developments support the company’s efforts to expand its presence across different markets, subject to local requirements.

The company launched Bybit AI in September as a conversational assistant across trading, account management and customer support, with further development planned around the platform’s wider financial services.

“Bybit is all about giving you the speed and scale you need when you Make Your Move. We have brought trading, investing, payments and AI together, and we are continuing to add more markets and more ways to use them. We built the platform. Now it is about giving people the financial freedom to make their own move,” said Ben Zhou, Co-founder and CEO of Bybit.

Building Beyond the Exchange

Four years after entering TradFi, Bybit now combines crypto markets with stocks and ETFs, derivatives, commodities, FX, selected pre-IPO access, payments and AI-powered services. The company’s focus is increasingly on bringing these capabilities together within a single platform while continuing to expand market access, product depth and the infrastructure supporting them.

For Bybit, the development of The New Financial Platform represents the next stage of its growth beyond crypto and into a broader role across global financial markets.

Watch the full keynote here: https://www.bybit.com/en/press/live/keynote-with-ben-h2-2026

#Bybit / #NewFinancialPlatform  

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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Contact

Head of PR
Tony Au
Bybit
tony.au@bybit.com

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Press Release

Meet A7 International, an Innovative Global Platform Designed to Reinvent the International Payments Market

Published

9 hours ago

on

October 13, 2026

By

Moscow, Russia, October 13th, 2026, Chainwire

A7 International enables businesses and individuals to pay invoices with digital assets, while recipients receive a regular bank transfer, reflecting A7’s international positioning and expanding the geography of settlements available to foreign clients.

In two years of operation, A7 has become one of the key players in the international settlements market. Founded in 2024 to serve the foreign economic activity of Russian businesses, it currently serves around 15,000 companies, processing 10+ trillion roubles in 2025 alone. The services A7 offered domestically sparked interest among businesses from other countries, prompting the company to come up with a new product for foreign clients.

The launch of A7 International marks a new stage in A7’s journey. In response to requests from foreign entrepreneurs, the company is expanding its positioning and creating an export offering for businesses in various countries. It is a remote service compliant with local legislation on digital assets and available only in those jurisdictions where cryptocurrency circulation is permitted.

“We are presenting not just a new product in the lineup, but a new image of A7. We have adapted our service so that it can be used remotely from anywhere in the world. This is precisely the key demand of market participants today. They want to be able to transfer money around the world in a few clicks in the shortest possible time – directly from your smartphone, without lengthy paperwork, hidden fees, or unjustified holds on funds. And we are packaging this demand into a convenient and competitive form,” said Chairman of Bank PSB Petr Fradkov.

The mechanics of the service are simple: the client transfers USDT, and A7 arranges a bank transfer via SWIFT using the counterparty details specified in the invoice. The recipient does not need to accept cryptocurrency or open a crypto wallet: the funds arrive in their bank account.

To submit an application, you need to register in your personal account on the website a7.biz. Individuals undergo identity verification (KYC), and companies undergo corporate data verification (KYB). Then the client uploads the invoice and the necessary documents. The built-in algorithm automatically recognizes the invoice data and helps fill out the application.

“The system operates as follows. AI analyzes the sender and beneficiary, jurisdictions, and key risk factors of the transaction. Based on the verification results, a risk profile of the payment is formed and the available options for processing it are determined. The system compares compliance requirements with the capabilities of the existing payment infrastructure. After that, it recommends the optimal payment route taking into account its cost, speed, reliability, and applicable restrictions. Routing dynamically adapts to changes in conditions and the availability of payment channels. Data accumulated over the years makes it possible to continuously improve the quality of decisions made by the system,” noted A7 CEO Ilan Shor.

At launch, A7 International accepts USDT on the TRON network. Bank transfers are available in US dollars, euros, Chinese yuan, and UAE dirhams. Other currencies are available by prior agreement. The commission is 0.3% for both businesses and individuals. After uploading the invoice, the client sees the final cost of the payment, including commission, in advance.

Payment execution time is from one business day. After the operation is completed, the client receives a SWIFT message or another confirming document. For currency and customs control, the service also provides closing documents.

The presentation of the service took place on a symbolic date and time — October 13 at 13:13.

Video of the official presentation and Customer journey here.

About A7

A7 is a global financial technology company specializing in international payments and settlement solutions for international trade. It was established in 2024 with the involvement of PSB Bank.

A7 is developing an independent global payment infrastructure across more than 100 countries, combining global financial expertise, advanced technology and regulatory compliance. The company’s products include international payments, digital financial assets and promissory notes.

A7 Group works with 15,000 clients, with around 2,000 transactions processed through the system every day. In 2025, approximately 19% of Russian companies’ cross-border trade settlements were processed through A7. In October 2025, A7 received an AA(RU) credit rating with a Stable outlook from ACRA.

Contact

CMO
Alex Fedorov
A7
info@a7.biz

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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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