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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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Electric Pioneer.USDT Drives Data Assetization and Industry Intelligent Upgrades

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Driven by the global energy revolution and technological innovation, the new energy vehicle (NEV) industry is gradually emerging as the dominant force in future mobility. However, with increasing vehicle intelligence, the massive amount of data generated during operations has presented significant challenges for the industry. From battery health and driving behavior to energy consumption, each piece of data holds immense commercial value and technological potential. Yet, the current data management systems, constrained by centralized storage, face severe issues such as data silos, privacy risks, and high transaction costs. These challenges restrict the circulation and assetization of data, significantly hampering the industry’s intelligent evolution.

To address these challenges, Electric Pioneer.USDT leverages distributed ledger technology and an innovative DAG (Directed Acyclic Graph) architecture to create an efficient, secure, and cost-effective data management and circulation system for the NEV industry. The platform’s core advantage lies in its decentralized data storage and zero transaction fee mechanism, enabling the free flow and commercialization of data. This innovation transforms dormant data resources into tradable and valuable assets, providing a groundbreaking solution for the industry’s intelligent upgrades.

On the Electric Pioneer.USDT platform, various types of data generated during NEV operations—such as battery health status, driving behavior records, energy consumption distribution, and environmental adaptability—can be safely and efficiently shared and circulated. These data streams not only provide precise support for optimizing vehicle performance but also create immense commercial value. For instance, car owners can securely sell their driving data to automakers to improve vehicle design and functionality. Insurance companies can design more precise and equitable insurance plans based on real driving behavior data, reducing costs and risks. Research institutions can leverage large-scale data to drive continuous innovation and advancements in NEV technology.

At the same time, Electric Pioneer.USDT promotes intelligent development within the NEV industry through efficient data management and real-time analysis. The platform can collect and analyze operational vehicle data in real time, enabling intelligent maintenance and fault prediction. By conducting in-depth analysis of battery health and sensor feedback, the platform identifies potential faults early and provides car owners with precise maintenance recommendations, avoiding unexpected vehicle breakdowns. Additionally, energy consumption data analysis helps optimize energy management strategies, reducing power consumption, extending battery life, and improving overall energy efficiency.

In terms of user experience, Electric Pioneer.USDT delivers personalized smart services. By analyzing driving behavior data, the platform provides optimal driving recommendations and route planning, enhancing travel efficiency and safety. Moreover, it can suggest the best charging stations and times based on a user’s charging habits and real-time location, minimizing unnecessary waiting times and improving overall convenience.

More importantly, Electric Pioneer.USDT’s data assetization mechanism introduces new possibilities for industry collaboration and business model innovation. Data circulation on the platform not only fosters collaboration among automakers, car owners, insurance companies, and research institutions but also stimulates innovative business opportunities and revenue streams. Data is no longer merely stored as a resource but becomes a core asset whose value can be unlocked through sharing and trading. This mechanism establishes an open, transparent, and sustainable data ecosystem, pushing the NEV industry toward a new era of intelligence and data-driven progress.

Looking Ahead: Electric Pioneer.USDT Leads the Industry into a Smart Future

Electric Pioneer.USDT is not just a technological breakthrough but also a powerful driver for the NEV industry’s intelligent, data-driven, and value-oriented evolution. Moving forward, as the platform’s technology continues to be optimized and adopted, Electric Pioneer.USDT will further expand data trading applications and innovative business models, covering more aspects of smart mobility and the industry value chain. The platform aims to build a multi-stakeholder, win-win intelligent data ecosystem.

On the global stage, Electric Pioneer.USDT plans to deepen cooperation with automakers, research institutions, insurance providers, and energy suppliers, driving the NEV industry toward greater efficiency, intelligence, and sustainability through data sharing and technological innovation. At the same time, the platform will continuously enhance data privacy and security technologies, ensuring that user data remains secure and controllable, thereby creating a reliable data management and trading environment for all stakeholders.

Standing at a critical juncture in the development of the NEV industry, Electric Pioneer.USDT brings unique technological advantages and innovative thinking to empower global industry upgrades with new possibilities. In the future, Electric Pioneer.USDT will not only serve as a pioneer in data assetization but also emerge as a leader guiding the global NEV industry toward intelligent and sustainable development. In the broader context, Electric Pioneer.USDT envisions a future where global industries are interconnected through secure and efficient data networks. By providing reliable data management solutions and fostering innovation, the platform seeks to become a cornerstone for the new energy sector’s growth. It will work with automakers, research institutions, and energy providers worldwide to unlock the full potential of data and accelerate progress toward smart, green, and sustainable mobility.

By working hand in hand with global partners, Electric Pioneer.USDT will build a more open, intelligent, and secure data ecosystem, unlocking the full value of data for green mobility and technological innovation. Together, Electric Pioneer.USDT envisions a future filled with infinite possibilities, enabling a smarter, cleaner, and more connected world for all.

Contact name: Ahmed 

Company name: Electric Pioneer

Website : https://electricpioneer.net/

Country: UAE

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Kimba the White Lion Coin: A Cryptocurrency Honoring Creativity and Legacy

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The White Lion (KIMBA) realtime price charts, trading history and info – KIMBA / SOL on Solana / Raydium

Kimba the White Lion Coin (KIMBA/SOL) has entered the cryptocurrency market, aiming to attract attention with its mission and performance. On its first day of trading, KIMBA reached a price of $0.0001931, beginning its journey in the competitive digital asset landscape.

With a reported market capitalization Kimba the White Lion Coin joins the growing list of cryptocurrency projects in the meme coin category. It stands as an option for participants exploring this evolving market. 

A Coin with a Purpose

Kimba the White Lion Coin seeks to honor the legacy of Osamu Tezuka, the creator of Kimba the White Lion. Tezuka’s contributions to animation have left a lasting impact, and this project aims to draw attention to his work while supporting his family. Individuals participating in this initiative align with a mission to recognize creativity and celebrate the contributions of an influential artist.

A New Option in Cryptocurrency

Kimba the White Lion Coin offers participants the opportunity to explore its role in the cryptocurrency ecosystem. Its launch reflects interest in projects that aim to combine financial opportunities with broader cultural and social missions.

Token Details

How to Acquire KIMBA Tokens

  1. Create a Wallet: Set up a wallet using the Phantom app or browser extension.
  2. Purchase SOL: Use the Phantom app to buy Solana (SOL) or transfer SOL from another exchange to your Phantom wallet.
  3. Swap SOL for KIMBA: Use the Phantom wallet’s swap feature to exchange SOL for KIMBA tokens.

For more information, visit: https://kimba.life

Media Contact:

 

Name: Kimba

Company: Kimba the White Lion

Phone: 1-800 783-KIMBA

Email: kimbawhitelion@proton.me

Address: 478 Kimba White Lion Way, International Address: Kimba1

City: Kimba

State: South Australia

Country: Australia

Website: https://kimba.life

 

Crypto Disclosure

Cryptocurrencies, including Kimba the White Lion Coin, are speculative assets with inherent risks. Individuals should perform their own research and consult with qualified financial advisors before participating. Past performance does not guarantee future results. Contact the issuer of the asset using the details provided and agree to the terms below.

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Virturo Continues to Redefine CFD Trading with Cutting-Edge Technology and Professional Expertise

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Virturo, a trailblazer in online trading, is transforming CFD crypto trading by merging advanced technological solutions with the insights of experienced professionals. Celebrated with the Finance Feeds Awards 2023 for Outstanding Multi-Asset Trading Platform and the Fund Intelligence Operations and Services Awards 2023 for Best Cryptocurrency Trading Platform, Virturo continues to set the gold standard in the trading industry.

Innovation Backed by Expertise

Virturo stands out with its AI-powered trading platform that delivers real-time, data-driven insights to help traders make better decisions. Complemented by the guidance of skilled trading professionals, the platform offers an unparalleled blend of technology and expertise. This approach allows traders to confidently navigate intricate markets, including cryptocurrency, forex, and CFDs.

Introducing a Versatile Platform for Every Trader

Offering access to over 3,000 assets such as cryptocurrencies, ETFs, forex, and CFDs, Virturo’s platform is built for precision and ease of use. Advanced automated features like risk management tools and scheduled orders empower users to trade strategically, minimize risks, and capitalize on market opportunities effectively. Their team of market analysts delivers personalized insights, enabling users to harness positive market trends effectively. With a special focus on emerging crypto opportunities—including Bitcoin’s anticipated growth in 2024—Virturo ensures its traders are well-prepared to achieve success in volatile markets.

Exclusive Services for Elite Investors

Virturo’s Elite Club caters to high-net-worth individuals, offering exclusive resources, bespoke services, and advanced support. This initiative underscores the company’s commitment to providing world-class services for its premium clients.

Learn & Grow

The Virturo Learning Hub equips traders of all skill levels with free educational materials, including tutorials, webinars, and personalized one-on-one sessions. These resources help users enhance their trading acumen and make well-informed decisions.

Earnings Through Referrals

With Virturo’s referral program, traders can earn 5% of a referral’s initial deposit (up to $1,000). This program encourages users to grow their financial network while boosting their income potential.

Virturo takes security seriously, employing advanced encryption, two-factor authentication, and round-the-clock monitoring. Certified for GDPR, SOC2, PCI DDS, and ISO/IEC 27001 compliance, Virturo offers a secure trading environment while adhering to the highest industry standards.

For more information, visit https://virturo.com/

Contact Information:
Virturo Media Relations
Phone: +44 20 3808 766

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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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