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Green Cryptocurrency Systems Lessens Energy Demands Of Proof Of Work Systems

Retrieved on: 
Thursday, August 5, 2021
Carbon, Never, Maintenance, News, Industry, Continuous Computing, Cambridge, Mining, Operation, Natural gas, Not, Blockchain, Language, Electricity, NBCNews.com, Marathon, FNM, CAN, H.I.V.E., Order, Private Securities Litigation Reform Act, PALM, Miner, Hand, Securities Exchange Act of 1934, Security (finance), OLB, Cambridge Center, ANY, Pa, Cambridge Judge Business School, Designated activity company, Annual report, BTC, Nvidia, Musk, Form 10-K, Nasdaq, Company, Research, U.S. Securities and Exchange Commission, Forward-looking statement, Cryptocurrency, Securities Act of 1933, Running, Computer, Energy Independence and Security Act of 2007

PALM BEACH, Fla., Aug. 5, 2021 /PRNewswire/ -- Cryptocurrency… Mining… Blockchain Technology… Even though these terms have been added to the global dictionary in the last several years not many really have a grasp on what they are, and how they do what they do... or how much energy they use! Cryptocurrency is an encrypted decentralized digital currency. Mining is the process of confirming cryptocurrency transactions and adding them to the public ledger (blockchain). The Blockchain is a distributed, cryptographically signed public ledger that stores transaction data across multiple computers(nodes). To add a transaction to the ledger, the "miner" must solve a complex computational problem. Blockchain Miners are the backbone of the cryptocurrency network and going green has never been more essential. The use of blockchain technology is growing at a rapid rate, leading to soaring energy consumption. Blockchain technology is secured and maintained by a vast network of globally distributed computers (Miners) to solve increasingly-complex computational problems. The processing of these transactions requires extensive power consumption.   An article on NBCNews's site addressing these issues added: "And so, any cryptocurrency built on a proof of work protocol is going to be plagued by, as Musk put it, "insane" energy demands as it scales larger. The Cambridge Center for Alternativve Finance, a part of the Cambridge Judge Business School, found that bitcoin uses about 110 terawatt-hours per year, which is similar to what Malaysia and Sweden use.  The better way is called proof of stake. And for some cryptocurrencies, it's already in use."  Active Companies in the markets today include The OLB Group, Inc. (NASDAQ: OLB), Riot Blockchain, Inc. (NASDAQ: RIOT), Marathon Digital Holdings, Inc. (NASDAQ: MARA), Canaan Inc. (NASDAQ: CAN), NVIDIA Corporation (NASDAQ: NVDA).

Key Points: 
  • An article on NBCNews's site addressing these issues added: "And so, any cryptocurrency built on a proof of work protocol is going to be plagued by, as Musk put it, "insane" energy demands as it scales larger.
  • Because the basis of proof of stake doesn't require any extra energy to prove trustworthiness, it is much more energy efficient.
  • Unlike in proof of work, where specialized computing equipment like high-end graphics cards are needed, the proof of stake protocol can be run off of a laptop.
  • Researchers like Ryan believe that the result is that energy consumption for proof of stake is 99.99 percent lower than proof of work.

Green Cryptocurrency Systems Lessens Energy Demands Of Proof Of Work Systems

Retrieved on: 
Thursday, August 5, 2021
Carbon, Never, Maintenance, News, Industry, Continuous Computing, Cambridge, Mining, Operation, Natural gas, Not, Blockchain, Language, Electricity, NBCNews.com, Marathon, FNM, CAN, H.I.V.E., Order, Private Securities Litigation Reform Act, PALM, Miner, Hand, Securities Exchange Act of 1934, Security (finance), OLB, Cambridge Center, ANY, Pa, Cambridge Judge Business School, Designated activity company, Annual report, BTC, Nvidia, Musk, Form 10-K, Nasdaq, Company, Research, U.S. Securities and Exchange Commission, Forward-looking statement, Cryptocurrency, Securities Act of 1933, Running, Computer, Energy Independence and Security Act of 2007

PALM BEACH, Fla., Aug. 5, 2021 /PRNewswire/ -- Cryptocurrency… Mining… Blockchain Technology… Even though these terms have been added to the global dictionary in the last several years not many really have a grasp on what they are, and how they do what they do... or how much energy they use! Cryptocurrency is an encrypted decentralized digital currency. Mining is the process of confirming cryptocurrency transactions and adding them to the public ledger (blockchain). The Blockchain is a distributed, cryptographically signed public ledger that stores transaction data across multiple computers(nodes). To add a transaction to the ledger, the "miner" must solve a complex computational problem. Blockchain Miners are the backbone of the cryptocurrency network and going green has never been more essential. The use of blockchain technology is growing at a rapid rate, leading to soaring energy consumption. Blockchain technology is secured and maintained by a vast network of globally distributed computers (Miners) to solve increasingly-complex computational problems. The processing of these transactions requires extensive power consumption.   An article on NBCNews's site addressing these issues added: "And so, any cryptocurrency built on a proof of work protocol is going to be plagued by, as Musk put it, "insane" energy demands as it scales larger. The Cambridge Center for Alternativve Finance, a part of the Cambridge Judge Business School, found that bitcoin uses about 110 terawatt-hours per year, which is similar to what Malaysia and Sweden use.  The better way is called proof of stake. And for some cryptocurrencies, it's already in use."  Active Companies in the markets today include The OLB Group, Inc. (NASDAQ: OLB), Riot Blockchain, Inc. (NASDAQ: RIOT), Marathon Digital Holdings, Inc. (NASDAQ: MARA), Canaan Inc. (NASDAQ: CAN), NVIDIA Corporation (NASDAQ: NVDA).

Key Points: 
  • An article on NBCNews's site addressing these issues added: "And so, any cryptocurrency built on a proof of work protocol is going to be plagued by, as Musk put it, "insane" energy demands as it scales larger.
  • Because the basis of proof of stake doesn't require any extra energy to prove trustworthiness, it is much more energy efficient.
  • Unlike in proof of work, where specialized computing equipment like high-end graphics cards are needed, the proof of stake protocol can be run off of a laptop.
  • Researchers like Ryan believe that the result is that energy consumption for proof of stake is 99.99 percent lower than proof of work.

Tunnel to Towers Foundation Kicks Off 537-Mile Never Forget Walk in Honor of the 20th Anniversary of September 11th, 2001

Retrieved on: 
Monday, August 2, 2021
Firehouse, Tunnel

They were joined at the firehouse by Tunnel to Towers program recipients, hundreds of walkers and 50 motorcyclists.

Key Points: 
  • They were joined at the firehouse by Tunnel to Towers program recipients, hundreds of walkers and 50 motorcyclists.
  • At the firehouse, Tunnel to Towers held a press conference to remember the lives the NEVER FORGET Walk is commemorating and to highlight the Foundation's programs.
  • Speakers included Siller, Gold Star spouse Shannon Slutman, fallen first responder widow Dena Parlo, U.S, Army Captain Gavin White, U.S.
  • For more about the Tunnel to Towers Foundation and its commitment to DO GOOD, please visit T2T.org .

New Audio Novel Shows Both Sides of Political Turmoil

Retrieved on: 
Tuesday, November 27, 2018
Publishing, Universal Windows Platform apps, Software, Computing, Audible, Never, Amazon, Past tense, Paperback

COLUMBUS, Ohio, Nov. 27, 2018 /PRNewswire/ --Life-Spark LLC proudly announces the audiobook release of the novel Love Is Never Past Tense by Janna Yeshanova.

Key Points: 
  • COLUMBUS, Ohio, Nov. 27, 2018 /PRNewswire/ --Life-Spark LLC proudly announces the audiobook release of the novel Love Is Never Past Tense by Janna Yeshanova.
  • Newly released on Audible, iTunes and Amazon, the audio book takes its place aside hardcover, paperback and electronic versions already available on Amazon.
  • She did this by overcoming gridlock in Russia, animosity and graft at the border, and neglect in the west.
  • Her book, Love Is Never Past Tense, offers a message of hope and inspiration, showing that nothing is impossible if you believe in yourself.