Blockchain: A Revolutionary Technology with a Major Problem.
Blockchain technology is an innovation that has revolutionized the way we store and transfer data. This technology is based on a distributed system of nodes that work together to maintain a common database.
Blockchain has a number of advantages but also a number of challenges, such as: performance, cost and energy consumption. However, the biggest problem with blockchain technology is energy consumption. Blockchain miners, who are responsible for validating transactions, use a large amount of energy to solve complex mathematical problems. This would imply that it can lead to significant greenhouse gas emissions.
From your point of view ~ What are the possible solutions to reduce the energy consumption of blockchain technology?
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Hm
My head is blank right now, lol
Well, we cannot stull reduce the numbers of the peoppe in the blockchain community right?
Regarding reducing the number of people, it might work only for those types of private Blockchains ~ however with public ones i suspect it would be impossible. !PGM !LOOLZ !HUG
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Total praktisch, man hört die Kinder so gut wie gar nicht mehr.
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Last time I checked crypto mining used at least 70% renewable energy. An this number goes up every day because mining profitability depends on it.
Aware of this ~ it is noticeable in the country where i live ... an increase in the demand for renewable energy, which would seem to put pressure on the network infrastructure. There are many types of industries that are oriented towards this type of energy and the equipment costs are quite high. From what it seems the availability of renewable energy, such as solar and wind energy, is not always available. This i suspect could lead to some disruptions in the power supply of Blockchain technology. !PGM !LOOLZ !MEME
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Uran Utan.
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That is why miners prefer some countries over others.
Well said ~ in the end it all depends on the long-term return on investment. !PGM !LOOLZ !MEME
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Uran Utan.
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More proof of stake vs proof of work. That's where it will all end up!
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This is how it would seem that it would end up in reality and yet we find advantages and disadvantages. Thank you for you're opinion. !PGM !LOOLZ !MEME
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Sie fliegt zum Wolkenkratzer.
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My biggest fear about blockchain is a lot of people are joining but few only understand how it works
I tend to believe that there are many programmers who will continue to teach others about what is behind this technology ~ possibly 10 years from now there will be many more. It will be more understandable and useful in the near future !PGM !LOOLZ !MEME
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welche Zeit ist das dann?, Die Schülerin meldet sich und sagt gelangweilt: Vergangenheit Frau Lehrerin, wenn ich sie so ansehe mit Sicherheit Vergangenheit!
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.(5/10)
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Lot of !HUG @memess - !PGM !LOOLZ 👍🙋
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Im Mietzhaus!
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