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The Sia network passed 3000 TB of used cloud storage this morning

release time:2022-06-16 source:twitter hits:9316
The Sia network passed 3000 TB of used cloud storage this morning! With a growing 7500 TB of capacity, and v2.0 with Utreexo well underway, we're excited to continue this growth in the second half of this year!
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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.