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RECENT NEWS

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16

2022.06

Electricity consumption from using proof-of-work is a contentious subject at the best of times. However, the global energy crisis prompts the blockchain community to seek sustainable alternatives for crypto mining electricity sources. Crypto mining energy consumption tends to increase as blockchain networks grow, particularly with proof-of-work blockchains. Accordingly, the blockchain community appears to be warming up to alternative consensus mechanisms such as proof-of-stake.