The Power in Energy, and How New Technologies Can Shift It
Cointelegraph By Tomer Afek's original article for cointelegraph.com reduced by 56%
As technologies continue to evolve sustainability is not always a top priority when it comes to their ongoing development. For the sake of argument, let's imagine that all this energy is coming from low or zero-emission sources like hydro or nuclear; and yet, the need for so much power still creates other systemic issues that cannot be ignored. When speaking about power in the context of technology, literal power in the form of energy is of course paramount.
As discussed in my previous article, blockchain has the potential to give power back to the people. Proof-of-stake, the preeminent alternative to proof-of-work, solves the energy problem, but creates a new barrier to entry and new sources of centralization. It's permissionless like PoW but uses only a fraction of the energy needed for such.
Ultimately, by developing technologies in a more sustainable and egalitarian manner, movers in the industry can actively take part in shaping a society where the environment is respected and there is no restriction in the power of access to newer technologies or better models.
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CN [too long; didn’t read]
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