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

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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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Its Time to Be Your Own Financial Hero

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–News Direct–

For hundreds of years, women were not in charge of their own finances, so its no wonder that so many women find it overwhelming to deal with their own finances. Regina McCann Hess has dedicated her entire career to helping women pursue their vision of a successful future through financial planning, and shes compiled her wisdom into Super Woman Wealth: How to Become Your Own Financial Hero (Greenleaf Book Group Press, March 19, 2024).

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Super Woman Wealth is available anywhere books are sold!

Super Woman Wealth is an empowering guide for women who know how to nurture everyone else in their world but forget how to care for themselves and their finances. Regina addresses womens unique relationships with money and offers practical advice on becoming more comfortable with financial planning and management. Ladies, its time to learn how to nurture our money, protect our wealth, and take control of our financial future.

Reginas book is a must-read for all women looking to take charge of their own finances and set themselves up for success!*

Alison J.

If youre intimidated by finances or passive when it comes to managing your money, this book will empower you to build wealth and take control of your future.*

Abby A. S.

Super Woman Wealth is available for purchase today. Pick up your copy and visit www.reginamccannhess.com to keep up with Regina McCann Hess.

* This statement is a testimonial by a client of the financial professional as of November 21, 2022. The client has not been paid or received any other compensation for making these statements. As a result, the client does not receive any material incentives or benefits for providing the testimonial.

** This statement is a testimonial by a client of the financial professional as of November 29, 2022. The client has not been paid or received any other compensation for making these statements. As a result, the client does not receive any material incentives or benefits for providing the testimonial.

# # #

About the Author

With over twenty-five years of experience in financial services, Regina McCann Hess is a CERTIFIED FINANCIAL PLANNER and CERTIFIED DIVORCE FINANCIAL ANALYST professional dedicated to helping individuals plan, preserve, and diversify their wealth. She uses in-depth planning to guide and educate her clients on their journey together while building long-term relationships with them and their families.

Regina lives in Phoenixville, Pennsylvania, with her husband, Joe, and their children, Collin, Matthew, and Bridget. She is active in local community organizations, especially St. Marys Franciscan Shelter for Homeless Families.

More about Greenleaf Book Group

Greenleaf Book Group is a publisher and distributor best known for its innovative business model, distribution power, and award-winning designs. Named one of the fastest-growing companies in the United States by Inc. Magazine, Greenleaf has represented more than 3,800 titles, including more than 55 New York Times, Wall Street Journal, and USA Today bestsellers. Learn more at www.greenleafbookgroup.com.

Gwen Cunningham Primary: 512-891-6100
[email protected]

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View source version on newsdirect.com: https://newsdirect.com/news/its-time-to-be-your-own-financial-hero-556961353

Greenleaf Book Group

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Way of Truth Evangelistic Ministries Seeks Partnerships to Spread the Gospel Worldwide

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Dover, Delaware Mar 19, 2024 (Issuewire.com) – Valyncia, Vice President and Founder, and Nakia Trader, President, and Founder of Way of Truth Evangelistic Ministries Inc., are thrilled to announce their mission to help individuals find hope and purpose in their lives. At Way of Truth Evangelistic Ministries, the focus is on fostering a meaningful relationship with Jesus Christ through various discipleship programs and resources. The organization is dedicated to evangelism and spreading the Gospel globally.

Gold Sponsorship Tier – $2,000: As a Gold Sponsor, your company will have prime visibility on all media platforms, including podcast features, website placements, and event sponsorships.

Silver Sponsorship Tier – $1,000: Silver Sponsors will enjoy significant exposure on materials, websites, and events, showcasing support for the mission.

Bronze Sponsorship Tier – $500: Our Bronze Sponsors will have their presence highlighted at various events and platforms, demonstrating a commitment to empowering individuals through faith.

Join Way of Truth Evangelistic Ministries in changing lives and spreading the message of hope.

Contact them at [email protected] or call 302-515-7042 to become a valued partner in this transformative journey. Visit their website at https://www.waytruthem.org/ and follow them on social media @wayoftruthem across all platforms.

Let’s unite to make a difference worldwide!

At Way of Truth Evangelistic Ministries, the mission is to help individuals find hope and purpose in their lives. The focus is not just on becoming a believer, but rather, on helping you develop a deep and meaningful relationship with Jesus Christ. They offer a variety of discipleship programs and resources that will help you strengthen your faith and grow spiritually. Whether you are a new believer or have been walking with Christ for many years, they are here to help you deepen your relationship with Him. Find out more here: https://www.waytruthem.org/

Media Contact

Way of Truth Evangelistic Ministries Inc / Valyncia Jefferson

[email protected]

302-515-7042

Po box 334 Dover DE 19903

http://Waytruthem.org

Source :Way of Truth Evangelistic Ministries – waytruthem.org

This article was originally published by IssueWire. Read the original article here.


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Press Release

Kyg Trade- Know Your Goods And Quickcode Announce Integration Partnership Highlighting Seamless Hs Classification Solutions

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Newport Beach, CA, 19th March 2024, ZEX PR WIREKYG Trade, Inc., developer-operator of the Know Your Goods™ AI-assisted orchestration platform and marketplace for global trade and customs compliance, and Quickcode, a pioneer in simplifying HS classification processes, today announced a strategic integration partnership. This collaboration combines KYG’s      AI-assisted product genome data gathering intelligence, with Quickcode’s intuitive HS classification technology, providing importers, exporters, trade law firms and consultants with cost-savings, reduced risk of penalties and more efficient compliance operations.

Quickcode will now be included along with other HS classification automation “oracles” in the Know Your Goods Marketplace. This integration illustrates KYG Trade’s commitment to making many systems work as one which saves time, reduces errors and speeds up tasks.

Todd R. Smith, Founder CEO of KYG Trade expressed enthusiasm about the addition of Quickcode, stating, “At KYG Trade, we are committed to providing our clients with recognized trade content and automations to streamline their trade compliance processes. Our open Marketplace is designed to host tools such as Quickcode’s innovative HS classification technology giving importers of all sizes seamless access to the best classification tools.”

Shannon Hynds, CEO and Founder of Quickcode, commented on the partnership, saying, “We are excited to collaborate with KYG Trade to offer our innovative HS classification solution to a broader audience. By integrating, we aim to, not only provide our solution to the KYG audience, but also make KYG’s technology available to our audience.”

This integration marks a significant milestone in the efforts of both companies to deliver cutting-edge solutions that revolutionize global trade compliance. Businesses can now leverage the combined expertise of KYG Trade and Quickcode to streamline their HS classification processes and drive greater efficiency in their international trade compliance operations.

About KYG Trade | Know Your Goods™

KYG Trade | Know Your Goods™ is a next-generation AI-Assisted orchestration platform and marketplace purpose-built for global trade and customs compliance.  Our open, extensible and API-friendly architecture and automated workflows simplify the gathering of product information, which reduces emails, attachments, and eliminates redundancy.  Our AI-Assistant, Kay, along with our TradeKorpus™ saves importers and exporters time researching global import and export regulations.  Our Marketplace provides numerous 3rd party content and automation “oracles” to assist with HS and export classifications, FTA qualification, supplier solicitations, SKU-based product traceability, forced labor supplier mapping, detention case management, restricted party and sanctions screening, as well as false positive hit dispositioning.  These advancements enable our clients to work faster and smarter, get more done with the same resources, reduce penalty risk, and achieve ROI by unlocking duty and cost savings.

About Quickcode:

Quickcode has set a new standard in Ai-assisted HS classification technology, offering businesses intuitive solutions to streamline their classification processes. By leveraging advanced algorithms and machine learning techniques, Quickcode simplifies HS classification, enabling businesses to achieve greater accuracy and efficiency in their trade compliance operations. The Quickcode platform provides trade compliance professionals with the most relevant and up-to-date resource data in a single pane of glass.

For additional information and business inquiries, please contact: http://www.kygtrade.com

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