Blockchain
By James Thorp
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Twitter Handle Cosmos – Internet of Blockchains point to how: The environmental issue surrounding Bitcoin mining and other Proof of Work (PoW) blockchains is nothing new.
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Together, they developed Tendermint Core—the first and most widely used implementation of a Byzantine Fault Tolerance (BFT) consensus engine and PoS crypto-economics to date.
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Beyond lack of scalability and speed, PoW is super energy-intensive and Elon Musk is not the first person to notice.
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So, what's the problem? Bitcoin may be able to inspire a shift to renewable energy, but what if you share the Cosmos vision of a multichannel future?
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Rather than solving mathematical puzzles by using the most computational power, in Proof of Stake validators (rather than miners) validate based on how much of the cryptocurrency…
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Cosmos uses a PoS consensus mechanism relying on our Tendermint Core engine to achieve high performance with a low carbon footprint.
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The estimated yearly consumption of a Cosmos-based blockchain is less than the energy consumed by Bitcoin and Ethereum in a single day.
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Ethereum developers understand this problem and are on the path to making the switch to Proof of Stake (PoS). Early estimations show that once Ethereum transitions to ETH 2.0.
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Using Regen Network Cosmos chains can even become climate positive. Gregory Landua, CEO said: "Cosmos offers the opportunity for automatically offsetting validator and even…
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The future development of blockchains is clear. If we want a greener environment while fostering innovative technology, we must adopt sustainable solutions like Cosmos…
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The Internet of Blockchains is in action and COSMOS (ATOM) has enough fundamentals to have riches soaring.
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