Push to Increase Blockchain’s Energy Efficiency Gains Momentum
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- Apr 6, 2021 3:48 pm GMTApr 6, 2021 2:44 pm GMT
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Blockchain emerged as the foundation for a growing number of corporate and consumer transactions because it is more secure than traditional solutions. However, the technology is exceedingly complex and chews up a lot of electricity. In response, blockchain vendors are introducing new, energy efficient solutions.
Blockchain technology is an increasingly popular, secure way to build computer software. It gained attention with its first application when the cryptocurrency Bitcoin emerged in 2009. Legacy software was built to run on central computers and does a poor job of securing information in today’s increasingly dispersed technology world.