The impact of climate change is evident and witnessed by most parts of the world through the increasing floods, forest fires, rising sea levels, etc. Even though these natural calamities cannot be directly linked with climate change/CO2 emissions, an indirect link is proven.
The internet currently consumes around 5-6% of the world’s electricity and will soon consume 10-12% by 2024 due to billions and trillions of exchange soon to be run on the internet.
Yes, what we have right now is already the cheapest & efficient form of transaction/internet exchange /data centers. It is all centralized, which only needs one central validation and one central storage (2-6 maximum). In the future, the only improvement that is evident in the centralized systems is that of Moore’s Law. But even Moore’s Law is slowing down and will soon no longer be applicable as we reach the limit.
The solution is moving towards decentralisation
You might think this is absurd! As decentralised applications consume 200 to 20000 times more than centralised systems. Yes, most of the current decentralized protocols and applications consume way more than centralized!
Blockchain technology could potentially save the world in this decade. But how many of us know how energy-hungry blockchain is? What if the world as a whole was on blockchain today? Consequences?
I am here to tell you that there is a decentralised consensus protocol which consumes even less than centralised systems and could bring the overall energy consumption from 8% to just 2% in 2024!
Uniris blockchain and its native ARCH Consensus!
The internet currently consumes around 5-6% of the world’s electricity and will soon consume 10-12% by 2024. If the entire internet were on a traditional blockchain, it would have used up 99% of the world’s electricity. This is insane!
What if there is a decentralised protocol that would beat not only the traditional blockchains but also centralized systems in terms of energy consumption. Yes, a proven blockchain consensus protocol called ARCH can potentially bring the internet’s energy consumption to 2-4% by 2024 and make the internet genuinely decentralised. This is one reason why ARCH was certified by the Olympics Committee to organize the Paris Olympics 2024.