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

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4 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

HealthyCareMaster Unveils the HCM Smart Ring: A Revolutionary Non-Invasive Blood Glucose Monitoring Solution

Published

10 hours ago

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March 13, 2025

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Hong Kong – 13 March, 2025– HealthyCareMaster is proud to introduce the HCM Smart Ring (Model 2301B), an innovative wearable device equipped with advanced PPG sensors and proprietary BGEM (Blood Glucose Evaluation and Monitoring) technology. This groundbreaking ring enables non-invasive blood glucose monitoring, offering a pain-free and convenient solution for individuals seeking long-term health management.

Revolutionizing Blood Glucose Monitoring

The HCM Smart Ring leverages cutting-edge photoplethysmography (PPG) sensors, combined with BGEM technology, to measure blood glucose levels by analyzing changes in blood flow at the wrist and finger. Unlike traditional methods, this wearable device eliminates the need for fingertip blood sampling, reducing discomfort and making frequent testing easier and more accessible.

Scientific Validation and Accuracy

BGEM technology represents a novel approach to hyperglycemia monitoring, integrating machine learning algorithms with wearable PPG sensors. A clinical study conducted by KK Women’s and Children’s Hospital in Singapore recruited 500 participants to evaluate the effectiveness of the BGEM system.

Comparative analysis with conventional blood glucose meters, such as the Accu-Chek Performa, demonstrated that the system achieved remarkable detection performance using a support vector machine (SVM) model, yielding:

  • Average accuracy: 84.7%
  • Sensitivity: 81.05%
  • Specificity: 88.3%
  • Precision: 87.51%
  • Geometric mean: 84.54%
  • F-score: 84.03%

These promising results highlight the potential of the BGEM system to aid in the early detection of diabetes risk and enhance overall health management.

BGEM Technology: A Technical Overview

The BGEM system collects arterial blood flow fluctuation data using PPG sensors and processes this information through sophisticated machine learning algorithms to estimate blood glucose levels. The PPG signals contain essential biometric data, including:

  • Heart rate variability (HRV)
  • Waveform characteristics
  • Energy measurements
  • Vascular changes related to blood glucose levels

By analyzing these parameters, the HCM Smart Ring provides valuable insights into blood glucose trends, offering users a powerful tool for proactive health monitoring.

CE Certification and Compliance

HealthyCareMaster is pleased to announce that the HCM Smart Ring (Model 2301B) has successfully obtained CE certification, confirming its adherence to European health, safety, and environmental protection standards. This certification underscores the product’s commitment to quality and reliability.

Important Usage Notice

While the HCM Smart Ring provides non-invasive blood glucose risk assessment and trend monitoring, it is not a medical device. The readings should be used as a health reference and alert system rather than a diagnostic or medical monitoring tool. Users should always consult healthcare professionals for medical advice and treatment.

About HealthyCareMaster

HealthyCareMaster is dedicated to developing innovative health solutions that empower individuals to take control of their wellness. With a focus on cutting-edge technology and user-centric design, the company continues to pioneer advancements in non-invasive health monitoring.

For more information about the HCM Smart Ring, visit https://healthycaremaster.com.

Media Contact

Organization: Healthycaremaster

Contact Person: Taylor

Website: https://healthycaremaster.com

Email: Send Email

Country: Hong Kong S.A.R.

Release Id: 13032525114

The post HealthyCareMaster Unveils the HCM Smart Ring: A Revolutionary Non-Invasive Blood Glucose Monitoring Solution appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

CMC’s Services Expands to New Orleans, Bringing Premier Landscaping & Outdoor Solutions

Published

10 hours ago

on

March 13, 2025

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Summary: CMC’s Services, a trusted name in landscaping and outdoor construction, is expanding its operations to New Orleans! Known for top-tier landscaping, hardscaping, and outdoor living solutions, CMC’s Services is bringing its expertise to homeowners and businesses in the city. From custom outdoor kitchens and high-end artificial turf to pool construction and fencing, New Orleans residents can now experience the quality craftsmanship that has made CMC’s Services a leader in Metairie. Visit cmcssservices.com to learn more.

New Orleans, LA – CMC’s Services is proud to announce its expansion into New Orleans, offering residents and businesses a full suite of high-quality landscaping, hardscaping, and outdoor construction services. With a reputation for excellence in Metairie, CMC’s Services is now bringing its expertise to the vibrant city of New Orleans, helping property owners transform their outdoor spaces into functional, stylish, and luxurious environments.

Bringing High-End Outdoor Living to New Orleans

As New Orleans continues to thrive, CMC’s Services is committed to enhancing outdoor spaces with premium installations that blend beauty, durability, and innovation. The company is excited to offer its signature services, including:

Custom Outdoor Kitchens: Fully equipped, chef-inspired setups perfect for backyard entertaining.

Premium Artificial Turf Installations: Low-maintenance, high-quality synthetic grass for a lush look all year long.

Luxury Pool Construction: Beautifully designed pools tailored to enhance relaxation and curb appeal.

Hardscaping & Pavers: Elegant patios, driveways, and walkways to elevate any property.

Fencing & Privacy Solutions: Secure and stylish fencing options for homes and businesses.

This expansion is a response to the growing demand for high-quality outdoor solutions in New Orleans, where homeowners are looking to elevate their properties with modern, functional designs.

A Commitment to Quality and Innovation

“We’re beyond excited to bring CMC’s Services to New Orleans,” said Corey Comeaux, owner of CMC’s Services. “New Orleans has a unique charm and vibrant outdoor culture, and we’re here to enhance that by offering top-tier landscaping and outdoor solutions that match the city’s dynamic energy.”

CMC’s Services has built its reputation on expert craftsmanship and a customer-first approach, ensuring that every project is tailored to the client’s needs and vision. By using innovative techniques and high-quality materials, the company is setting a new standard for outdoor living in New Orleans.

Eco-Friendly Landscaping for a Greener New Orleans

As part of its expansion, CMC’s Services is bringing sustainable and eco-friendly landscaping solutions to New Orleans, helping homeowners reduce their environmental footprint while enhancing the beauty of their outdoor spaces. With a focus on conservation and innovation, CMC’s Services is introducing:

Drought-Resistant Landscaping: Thoughtfully designed gardens featuring native plants that thrive in Louisiana’s climate while reducing water usage.

Permeable Pavers: A smart alternative to traditional concrete, these pavers allow rainwater to filter into the ground, preventing runoff and erosion.

Smart Irrigation Systems: Advanced sprinkler and drip irrigation setups that use sensors and timers to optimize water usage and prevent waste.

Eco-Friendly Turf Solutions: High-quality artificial grass that eliminates the need for watering, mowing, or chemical fertilizers.

Sustainable Outdoor Lighting: LED and solar-powered lighting systems that enhance ambiance while reducing energy consumption.

By integrating these eco-conscious solutions, CMC’s Services is not just improving landscapes—it’s making a positive impact on the local environment. “Sustainability is at the core of what we do,” said Corey Comeaux. “We’re excited to help New Orleans homeowners create outdoor spaces that are both stunning and environmentally responsible.”

Why New Orleans Homeowners Are Choosing CMC’s Services

Locally Owned & Operated: A company that understands Louisiana’s climate and landscaping needs.

Premium Craftsmanship: High-end materials and meticulous attention to detail.

Tailored Solutions: Custom designs that match each client’s style and functional requirements.

Comprehensive Services: A one-stop shop for landscaping, hardscaping, fencing, pools, and more.

Eco-Friendly Options: Sustainable solutions that promote water conservation and energy efficiency.

CMC’s Services is inviting New Orleans residents to experience the difference in outdoor design and craftsmanship. Whether you’re looking for a stunning new pool, a modern outdoor kitchen, or a total landscape transformation, CMC’s Services is ready to bring your vision to life.

For more information about CMC’s Services and to schedule a consultation, visit cmcssservices.com.

For additional information, please contact:
Company: CMC’s Services
Owner: Corey Comeaux
Website: cmcssservices.com
Phone:  +1 (504) 329-0791
Email: cmcservices.nola@gmail.com
Location: Now serving New Orleans, LA!

Media Contact

Organization: CMC’s Services

Contact Person: Corey Comeaux

Website: https://cmcsservices.com

Email: Send Email

Contact Number: +15043290791

Address: 5245 York St

City: Louisiana

State: Metairie

Country: United States

Release Id: 13032525104

The post CMC’s Services Expands to New Orleans, Bringing Premier Landscaping & Outdoor Solutions appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

From Silk Road to Crypto Highway: Bazaars Embraces Digital Currencies for Borderless Trade

Published

10 hours ago

on

March 13, 2025

By

Bazaars now accepts Ethereum, USDT, USDC, and its native BZR token on its Bazaars.app crypto-commerce marketplace. This strategic expansion enhances global accessibility and user empowerment by offering secure, efficient, and stable digital payment options, including exclusive rewards for token holders.

British Virgin Islands, 13 March 2025 – Bazaars, the trailblazing crypto-commerce platform, is proud to announce that it now accepts, Ethereum (ETH), USDT, USDC, and its native BZR token, as payment methods on Bazaars.app. This major development enhances the platform’s accessibility and positions it as a leader in the evolving world of decentralized commerce.

“Bazaars is on a mission to create a truly inclusive, global crypto-commerce ecosystem,” said Raja Al-Khatib, Co-founder at Bazaars. “By enabling transactions in Ethereum, USDT, and USDC, we are making our platform more accessible to users worldwide while providing them with secure, fast, and efficient payment options.”

Why This Matters

The decision to accept these leading cryptocurrencies reflects Bazaars’s commitment to staying ahead in the crypto-commerce space:

  • Global Accessibility: Ethereum is the most widely recognized cryptocurrency, offering global users a trusted means of transaction.
  • Stable Payments: Stablecoins like USDT and USDC reduce volatility, ensuring predictable and reliable payment solutions.
  • User Empowerment: By embracing these cryptocurrencies, Bazaars gives users more control over how they transact.
  • Enhanced User Experience: Exclusive discounts and rewards for BZR token holders. 

“Crypto adoption is growing rapidly, and Bazaars is at the forefront of this shift. We’re empowering users with choices that align with their financial preferences and the broader blockchain revolution,” added Al-Khatib.

Driving the Future of Commerce

With the addition of these payment options, Bazaars solidifies its role as a pioneer in integrating blockchain technology with everyday commerce. The platform is committed to:

  • Expanding its payment ecosystem to include more digital currencies.
  • Continuously enhancing its user experience for seamless transactions.
  • Building partnerships to drive innovation in decentralized commerce.

This integration comes as the global crypto payment market nears +$3 trillion by 2028 and marks a significant milestone in Bazaars’ roadmap, complementing recent achievements like UK registration and MexC exchange listing.
 

About Bazaars

Bazaars is a next-generation peer-to-peer marketplace revolutionizing global commerce through the privacy, security, and transparency of blockchain technology. Designed for buyers and sellers to seamlessly exchange goods using cryptocurrency, Bazaars bridges the gap between traditional trade and the decentralized economy. Focused on user empowerment, accessibility, and trust, Bazaars is shaping a future where financial freedom and inclusivity will transform how the world connects and conducts business. 

For more information, visit https://bazaars.app. 

Disclaimer: This press release is for informational purposes only. 

Media Contact

Organization: Bazaars

Contact Person: Sarah Davies

Website: https://bazaars.app

Email: Send Email

Address: Bazaars Limited, Intershore Chambers, Road Town, Tortola, British Virgin Islands

Country: Virgin Islands (British)

Release Id: 13032524277

The post From Silk Road to Crypto Highway: Bazaars Embraces Digital Currencies for Borderless Trade appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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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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