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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

Nova Spectrum Pro Announces Multi-Asset Trading Offering with an Emphasis on Account Visibility

Published

24 minutes ago

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October 22, 2026

By

Middlesex, England, October 22nd, 2026, FinanceWire

The trading company outlines access to multiple financial markets, account management tools and published trading conditions through its online platform.

Nova Spectrum Pro announces the availability of its multi-asset online trading offering, bringing access to forex, indices, commodities, shares, ETFs and cryptocurrency CFDs together through a single account. The announcement outlines the company’s approach to combining market access with account visibility, trading analytics and information about the risks associated with leveraged products.

The offering enables users to explore different financial markets within one trading environment. Nova Spectrum Pro describes its approach as centred on giving clients the information and tools needed to evaluate their trading activity and understand the conditions applicable to their accounts.

Alongside market access, the platform includes account insights, performance analytics and trading history. These features allow users to review previous transactions, monitor account activity and assess how individual trading decisions fit within their broader approach to the markets.

The company publishes five account categories: Standard, Silver, Gold, Platinum and VIP. These categories outline different combinations of platform access, pricing and support. Prospective clients can review the account descriptions and applicable terms before deciding which option matches their requirements. Product availability and trading conditions remain subject to jurisdiction and client eligibility.

Nova Spectrum Pro’s published company information also identifies risk education, transparent conditions and client support as priorities. Its team includes Jennifer Holman and Sofia Sool.

The announcement brings these elements together in a public overview of the company’s online trading services. For people evaluating a multi-asset trading platform, the relevant considerations extend beyond the range of markets available to include trading costs, account functionality, product structure and exposure to potential losses.

Nova Spectrum Pro’s website provides information about its market offering, account categories and policies, including its terms and conditions and risk disclosure. Further company information is available at www.novaspectrumpro.com.

About Nova Spectrum Pro

Nova Spectrum Pro is a trading company offering an online platform for access to multiple financial markets. Its published offering includes forex, indices, commodities, shares, ETFs and cryptocurrency CFDs, alongside account management tools and support options.

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David Atkins
DavidAtkins@novaspectrumpro.com

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Press Release

LM Electronics Highlights Electric Kettle Buying Considerations in Bangladesh

Published

4 hours ago

on

October 22, 2026

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CHAPAINAWABGANJ, Bangladesh, 22 October 2026, ZEX PR WIRE — LM Electronics, an online home appliance retailer based in Chapainawabganj, Bangladesh, is providing customers with online access to product information about Vision electric kettles, helping buyers explore available options and understand important considerations before purchasing.

Electric kettles are widely used for everyday tasks such as preparing tea and coffee and heating water. However, selecting a suitable model requires more than comparing prices. Capacity, power rating, safety features, product specifications and warranty conditions can all influence a customer’s purchasing decision.

Understanding Electric Kettle Buying Considerations

Customers considering an electric kettle should first assess their household requirements. Capacity is important for determining how much water can be heated at once, while wattage provides information about the appliance’s power rating. Buyers should also review the safety features and specifications listed for each individual model.

Warranty coverage is another important consideration. Understanding the manufacturer’s warranty terms and available after-sales service can help customers make informed decisions and know where to seek assistance if a product requires servicing.

LM Electronics provides an online destination for customers researching the Vision Electric Kettle range in Bangladesh. Its dedicated brand page allows shoppers to explore available products and review published information before deciding which option meets their needs.

Comparing Prices and Product Information

Price comparison is an important part of researching household appliances. Customers looking for the Vision Electric Kettle Price in Bangladesh can visit the LM Electronics website to check available options and review individual product details.

Prices and availability may vary between models, so customers should consult the current listings before placing an order. Comparing specifications alongside price can help buyers identify an appliance that suits their intended use and budget.

Nationwide Delivery and Manufacturer Warranty

Founded in October 2025, LM Electronics operates from Chapainawabganj and delivers household appliances nationwide. Its online business model serves customers beyond major metropolitan centres, including buyers in district and upazila towns who may have limited access to a broad selection of appliances through local retailers.

The company supplies official products carrying manufacturer warranties rather than unofficial or grey-market goods. After-sales service is handled through the respective manufacturer’s service network. Cash on delivery is available, allowing customers to pay when their orders arrive.

Customer support is provided in Bangla and English, both before and after purchase. The company also publishes product specifications and relevant warranty conditions to support more informed purchasing decisions.

About LM Electronics

LM Electronics is an online home appliance retailer founded in October 2025 and based in Chapainawabganj, Bangladesh. It supplies official household appliances with manufacturer warranties and offers nationwide delivery, with cash on delivery available.

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LM Electronics
Website: LM Electronics
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Press Release

Phil and Dom Kwok Now Worth $1.1 Billion as EasyA Reaches Unicorn Valuation

Published

5 hours ago

on

October 22, 2026

By

San Francisco, CA, October 22nd, 2026, FinanceWire

Latest valuation vaults brothers Phil and Dom Kwok into the ranks of billionaires.

The latest valuation of AI and blockchain engine EasyA has propelled its co-founders, brothers Phil and Dom Kwok, into the ranks of billionaire founders as AI and blockchain heat up globally.

In the four years since launching in 2022, EasyA has become the engine powering the world’s leading AI and blockchain companies. The EasyA app has over 1.3 million users, and EasyA is the trusted partner of companies like Google, Amazon, Coinbase and Ripple.

The milestone puts the Kwok brothers among a new generation of founders whose fortunes are being built on AI and blockchain. The brothers’ combined stake in EasyA is now worth $1.1 billion.

“When Dom and I were coding EasyA in our childhood bedrooms, I couldn’t have imagined we’d be here today,” said Phil Kwok, Co-Founder and CEO of EasyA. “We’ve built a generational company by taking long-term decisions and only ever answering to our users.”

“Money isn’t the yardstick. What matters is how many lives we change along the way,” said Dom Kwok, Co-Founder and COO of EasyA. “People have learned to build on EasyA and come to our hackathons, and some have gone on to launch companies like Cognition. The companies our community has started are now worth around $50 billion combined. That’s what we’re proudest of.”

About EasyA

EasyA is the engine powering the world’s leading blockchain and AI companies. Our mission is to accelerate the development and adoption of the most important frontier technologies. The EasyA app has over 1.3 million users and partners with 350+ of the world’s top academic institutions, forming the launchpad for the latest generation of AI and blockchain applications. EasyA is the trusted partner of the world’s leading AI and blockchain companies like Google, Amazon, Coinbase, Ripple and many others.

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