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July 22, 2019, 04:49:10 PM |
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According to the latest BitcoinEnergy Consumption Index, Bitcoin miners from all over theworld consume over 70TWh of electricity every year to do the proof of work. This is obviously not suitable for IoTscenarios with limited and light-weighted computation. Onthe other hand, the processed transactions per second (TPS)of the mainstream BC platforms like Bitcoin and Ethereumare very limited, because the single chain of blocks is linearand blocks cannot be created simultaneously. For example,one Bitcoin block takes 10 minutes to be created and addedto the main chain, which is very inefficient and fails to meetthe requirement of instant transaction in IoT and main stream adaption.
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