Climate change is a pretty polarizing issue, but regardless of where any of us stand it seems like the world is heading towards reducing carbon emissions and energy consumption. The issues regarding energy consumption with blockchain technology is not something widely discussed in this space yet, but I think as this industry gets mainstream adoption it could become a serious topic of interest.. Especially considering the fact that a lot of the world is heading towards figuring out ways to reduce energy consumption and promoting green energy.
People have mainly been interested in proof of stake networks because they believed that they can provide faster transactions, lower transaction speeds, and enhance the network scalability, but I think another important factor for proof of stake networks should be how energy efficient they are. I think Proof of stake networks like:
Cosmos,
Persistence, and
Terra are a fairly energy efficient way for blockchains to operate and add new blocks into the blockchain. The ability to make very energy efficient proof of stake blockchains might become a really big factor in the upcoming future as the world starts getting more focused on energy efficiency.
If this industry truly wants to be adopted by the mainstream public and integrated into people’s daily lives then it needs to become a lot more energy efficient.