Wednesday 31 October 2018

EOS', Ripple's Networks Consume Far Less Energy Than Bitcoin and Ethereum's Blockchain

The EOS platform, which aims to facilitate the horizontal and vertical scaling of decentralized applications, consumes significantly less energy than the proof-of-work (PoW) based Bitcoin (BTC) and Ethereum (ETH) blockchain networks. The Bitcoin network consumes approximately 73.1 TWh of power annually - which is about as much energy consumed by the South American country of Argentina. EOS's delegated proof-of-stake (DPoS) consensus mechanism and protocol for validating blocks requires far less energy to function as it does not rely on energy-intensive mining.

from CryptoGlobe latest articles https://ift.tt/2JnFndx

No comments: