Blockchain
VeChainThor Is One Of The Most Eco-friendly Public Blockchains Worldwide, CTI Verified
The world is at a climate crossroads. Blockchain, the game-changing technology in this era, should also take more collective action to hasten this movement. As the world’s leading public blockchain, VeChainThor pledges to cultivate a healthier planet by greener technology.
To build and maintain this successful practice, VeChain research team worked with Centre Testing International Group Co. Ltd. (hereinafter called CTI), the pioneer and leader in the TIC industry which provides one-stop solutions on testing, inspection, certification, calibration, audit, training & technical services, to measure the carbon footprint of VeChainThor public blockchain network.
The Results
According to the estimation model, the total carbon emissions per year generated by VeChainThor is about 4.58 metric tons, approximately 2.4% of the carbon emission generated for mining a single Bitcoin according to.
The electricity consumed by VeChainThor for the whole year is estimated to be 7581.31 kWh, roughly equaling the electricity used to process 4.3 Bitcoin or 51 Ethereum transactions. We have also found the resource that shows data of some PoS chains related to carbon footprint. The outcome was that each transaction on VeChainThor consumed approximately 0.000216 KWh, which was 0.04% of the amount estimated for Cardano as listed in.
Rigorous Methodology of Carbon Emission Estimation
CTI provides trusted authentication services, to combine scientific modeling and certified measuring to infer a reliable estimation of the carbon footprint of the VeChainThor public blockchain. (Read Full Report)
Energy costs per transaction on a decentralized network are a preliminary step in determining whether a network can achieve sustainability. VeChainThor uses Proof-of-Authority consensus, which does not require nodes participate in the consensus process to compete. The rights to produce new blocks are equally distributed to all the 101 consensus nodes, i.e., the Authority Masternodes (AMs). Here the key finding is that the AMs share the same amount of computational workload in the network according to the design of the blockchain.
To deliver a model for estimating the carbon emissions of the 101 AMs, it was found out that what we could do was to accurately measure the power usage of a single machine that solely hosted an AM in a controlled environment.
EGHG ≈ μPUE x ∑iαiEF x MCTI.
Here EGHG stands for the amount of greenhouse gas (GHG) emission, μPUE the average annual power usage effectiveness (PUE) for data centres worldwide, {αiEF}i, the regional emission factors (EFs) for electricity supply, and MCTI the actual power usage data of a single AM measured by CTI. The model recognizes that some blockchain nodes are hosted on clouds. Therefore, we use the average PUE data for data centres worldwide to estimate the amount of electricity consumption. The model also reflects the regional differences of carbon emissions for same amount of electricity consumption. It therefore includes different regional EFs when estimating the overall GHG emission.
Green Entrepreneurship Powered by VeChainThor
A business’s digital carbon footprint is the complete expression of its operation. As the world’s largest corporations are on board, it is also essential to raise awareness of how underlying digital technologies have discrete yet vital roles to play in mitigating emissions (UN). Recent research estimates that the ICT sector, which includes blockchain, will be responsible for 1.97% of global emissions by 2030. For entrepreneurs and businesses looking to build on blockchain technology, they are looking not only at energy consumption but examining the long-term sustainability of this critical technology.
VeChain has vigorously set out in a digitally saturated atmosphere to mitigate emissions of VeChainThor and scale necessary to meet our goal to be the greenest public blockchain. With the upcoming PoA 2.0 upgrade, VeChain intends to empower a more secured and efficient layer 1 public blockchain platform.
Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara
-
Blockchain6 days ago
Pelican AI and Christie Capital Announce Launch of Brokered Financing
-
Blockchain Press Releases5 days agoBybit: A Global Favorite Among Full-Time and Professional Traders and the World’s Second-most popular Crypto Exchange
-
Blockchain5 days ago
Sportsbet.io Becomes New Title Partner of Snooker’s Players Championship, Tour Championship and Champion of Champions
-
Blockchain7 days agoBlocks & Headlines: Today in Blockchain (BubbleMaps, Pantera Capital, Week 2025, FP Complete, FP Block, Bybit, FarmX)
-
Blockchain Press Releases5 days agoThe Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens
-
Blockchain7 days ago
io.finnet and Cede Labs Partner to Transform Multi-Exchange Portfolio Management for Institutions
-
Blockchain Press Releases6 days agoBybit & SignalPlus Unveil the 100,000 USDC Global Trading Showdown
-
Blockchain Press Releases6 days ago
Bybit Pledges RMB 5 Million to Support Relief Efforts Following Devastating Tibet Earthquake
