March 2018
Beginner to intermediate
656 pages
20h 9m
English
Content preview from Mastering Blockchain - Second Edition
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Efforts to reduce electricity consumption
It is evident from Bitcoin's blockchain that the PoW mechanism is very inefficient. Of course, this computation secures the Bitcoin network but there is no other benefit of this computation, and it wastes much electrical energy. To reduce this waste, now there is more focus on greener options such as PoS algorithms which do not need enormous resources like Bitcoin's PoW algorithm. This trend is expected to grow, especially with PoS planned for Ethereum.