Press Release
The importance of sustainability: Why eco-friendly blockchains are the future
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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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.
Press Release
Muhdo Group adds Chief Strategy Advisor/ Co-founder of Ever Medical Technologies to Advisory Board to expand its footprint into Asia
Tortola, British Virgin Islands, 20th January 2025, ZEX PR WIRE, John Jiang, a serial Silicon Valley entrepreneur and co-founder of four start-ups/unicorns. He is a trained AI scientist (Bell Labs) with multi-disciplinary CTO/ CDO industry experience. He is the co-founder of Ever Medical Technologies, a blockchain based AI medical company that has access to millions of patient records across Asia.
John is also the Thai President of the Alliance Forum Foundation, a non-profit organization based in San Francisco, California that deploys advanced technologies and innovative solutions to reduce poverty and improve the quality of life in developing countries through initiatives that combat malnutrition, bolster education and healthcare.
John Jiang said: “It is a privilege to join Muhdo Group’s advisory board and support their efforts to innovate healthcare. I see real synergy with genetics, data insights and our current offering, leveraging blockchain technologies and partnerships to impacting longevity and healthy ageing in the region”
Sam Thompson, MD of Muhdo hub said: “We are very excited to be partnering with John Jiang. He has a wealth of experience in health, wellbeing and blockchain to help cutting-edge companies succeed. We believe this partnership has the potential to help everyone at every stage of life to reach their full health potential, and expand our footprint in the region.”
About Muhdo Group
Muhdo Group is a pioneer in personalized health, using cutting-edge epigenetics, AI, and blockchain to empower individuals to optimize their fitness, nutrition, and mental wellbeing. Collaborating with leading academic and healthcare institutions, Muhdo delivers innovative, data-driven solutions that transform how people understand and improve their health.
For More information contact Marketing@Muhdohub.com
Website: www.MuhdoHub.com
X: x.com/Muhdohealth
Telegram : t.me/MUHDOPORTAL
About Author
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.
Press Release
XUEX Exchange: Seizing the Best Opportunities for Digital Asset Investment in 2025
January 20, 2025, Toronto – As the global financial landscape grows increasingly complex, XUEX Exchange highlights the critical role of cryptocurrency as a resilient investment avenue. With rising geopolitical tensions, inflationary pressures, and economic uncertainties, 2025 presents a pivotal moment for investors to embrace the transformative potential of digital assets.
Digital Assets: A Shield Against Global Uncertainty
In a world where traditional markets are often affected by systemic risks, cryptocurrencies offer an alternative investment path. Operating on decentralized networks, digital assets are immune to the vulnerabilities tied to centralized institutions or single economies. XUEX Exchange, fortified by its US Money Services Business (MSB) certification and a robust compliance infrastructure, provides a safe, transparent platform for investors seeking to diversify their portfolios and mitigate risks.
2025: Unveiling New Horizons in Cryptocurrency Investment
The year 2025 marks a significant shift in the cryptocurrency industry, with technological innovation, growing regulatory clarity, and widespread institutional adoption driving exponential growth. XUEX Exchange is at the forefront of these advancements, offering state-of-the-art trading solutions designed to empower both retail and institutional investors. Our goal is to unlock the immense potential of digital assets while ensuring user security and trust.
Investing with Confidence: The XUEX Exchange Advantage
As a trusted partner for global investors, XUEX Exchange combines innovative technology, stringent regulatory compliance, and unparalleled customer support. By choosing XUEX Exchange, investors can navigate the complexities of 2025 with confidence, seizing opportunities to build sustainable wealth in the digital age.
About XUEX Exchange
XUEX Exchange is a global leader in cryptocurrency trading and financial services. Renowned for its cutting-edge technology, rigorous compliance measures, and exceptional user experience, XUEX Exchange is dedicated to creating a secure and innovative environment for investors worldwide.
Contact Information:
Company Name: XU Exchange
Contact person: Sophie Collins
Email: support@xuex.com
Website: https://xuex.net/
About Author
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.
Press Release
The Future of Wealth Sharing: WS Group to Expand Its Global Presence Within Five Years
New York, January 20, 2025 – WS Group, a global leader in financial innovation and shared economy investment, has announced its ambitious vision for 2025 and beyond: to establish a global network connecting Europe, Asia, and Africa, achieving global wealth sharing. With a solid foundation in blockchain technology, cryptocurrency trading, and AI-driven financial solutions, WS Group is committed to expanding its operations and redefining the model of wealth sharing on a global scale.
Vision for 2025: Building a Global Wealth-Sharing Ecosystem
WS Group’s vision for 2025 underscores its commitment to fostering inclusive growth and sustainable prosperity. The company plans to create a seamless ecosystem across Europe, Asia, and Africa, unlocking limitless potential for individuals and communities. By leveraging cutting-edge AI technology and its proven shared economy model, WS Group aims to empower millions to achieve financial security and personal happiness.
WS Group intends to establish strong regional hubs in key markets across these three continents, leveraging local expertise and promoting cross-border collaboration. These hubs will drive innovation, create wealth-sharing communities, and reinforce WS Group’s position as a global investment leader.
Track Record of Success and Future Aspirations
Since its founding in 2016, WS Group has consistently delivered outstanding results. Its proprietary AI system has accurately predicted cryptocurrency market trends, enabling members in over 30 countries to navigate financial markets with confidence and efficiency. The group’s initiatives in North America, South America, and Europe have transformed countless lives, and its recent success in Africa further demonstrates the universal appeal and impact of its wealth-sharing model.
In the next five years, WS Group aims to exponentially expand its member network, bringing the benefits of its financial solutions to every corner of Europe, Asia, and Africa. This grand plan aligns with the group’s mission to promote financial inclusivity and build a global community of shared wealth and happiness.
Promoting the Global Economy Through Wealth Sharing
WS Group’s strategic approach combines advanced financial technology with a deep understanding of global markets. Its efforts focus on advancing financial literacy, providing innovative investment opportunities, and enabling individuals and families to achieve financial independence. By prioritizing mutual growth and economic synergy, WS Group aspires to create a future where wealth is shared, and prosperity is accessible to all.
Commitment to Compliance and Excellence
WS Group’s operations are underpinned by steadfast compliance and transparency. With its U.S. MSB certification (Registration Number: 31000284924638) and recognition by multiple national regulatory bodies, WS Group is a trusted partner for its members worldwide.
About WS Group
Wealth Sharing Investment Group (wealthsharing168.com) was established in 2016 in Denver, USA. In the field of financial investment, WS Group has developed a comprehensive industrial chain structure covering blockchain technology, short-term cryptocurrency contract trading, digital currency trading, and digital currency contracts. Its main areas of focus include business, shared economy, shared economy research, industrial investment, financial services, venture capital, and financial asset investment. As a global provider of top-tier AI computational systems, the group boasts a team of hundreds of leading financial analysts from more than ten countries.
Since June 25, 2016, WS Group’s proprietary AI system has successfully predicted cryptocurrency market trends for 798 consecutive days.
Since 2017, as a global investment management company and a trustee for its clients, WS Group has successfully combined advanced AI research with its “shared economy model,” helping millions of members in over 30 countries achieve wealth and happiness.
Starting in 2018, WS Group promoted this cutting-edge technology in the United States, empowering its members to navigate financial markets with ease and achieve wealth and happiness.
In early 2021, WS Group helped numerous members in the U.S. achieve financial freedom. As a result, the group began expanding its projects to South America, North America, and Europe through the development of its “shared economy model.”
In January 2024, European members proposed bringing this wealth creation opportunity to Africa to help those in need.
On February 18, 2024, WS Group held the “Africa Economic Promotion Seminar.” Following 2 months and 27 days of decision-making and planning, the program was officially launched across African nations on May 15, 2024. In just six months, WS Group’s initiatives helped many African families escape poverty and achieve wealth.
From December 15 to December 30, 2024, WS Group convened a 15-day summit to outline its development plans for the next five years.
Key discussions included:
- 2024 Summary and 2025 Plans
- WS Group’s Five-Year Outlook
- The Europe-Asia-Africa Alliance
WS Group’s ultimate goal is to expand its member base to all countries across Europe, Asia, and Africa within five years. Its alliance teams are divided into three major regions: Europe, Asia, and Africa.
WS Group’s Mission
To empower individuals to master global financial markets, invest in the future, and achieve wealth and happiness. As a global investment management company, WS Group aims to help more people experience financial well-being and realize the international market value of the group while promoting the economic cycle of mutual benefit and collaboration.
WS Group Certifications
- Foundation Certification
- U.S. Foundation Query: https://www.coloradosos.gov/biz/BusinessEntityCriteriaExt.do
- Entity Identification Number: 20248152194
- WS Group Address: 2000 S Colorado Blvd, Denver, CO 80222, USA
- License Certification
- U.S. Financial License Certification (MSB):
- https://www.fincen.gov/msb-state-selector
- WS Group MSB Registration Number: 31000284924638
WS Group also holds independent operating licenses in multiple countries, promoting national development. Its compliance with global regulatory standards underscores its commitment to sustainable and responsible business practices.
Contact Information:
Company Name: Wealth Sharing Investment Group
Contact person: Michael Anderson
Mail: group@wealthsharing168.com
Website: https://wealthsharing168.com/
City & Country: New York, United States
About Author
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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