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 10% of the world’s electricity and will soon consume 20% by 2025 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 decentralization
You might think this is absurd! As decentralized applications consume 200 to 20000 times more than centralized 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!
Archethic 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 centralised systems in terms of energy consumption. Yes, a proven blockchain consensus protocol called ARCH can potentially bring the internet’s energy consumption multiple folds and make the internet genuinely decentralised. This is one reason why ARCH was certified by the Olympics Committee to organise the Paris Olympics 2024.
Archethic Public Blockchain
Archethic is a Layer 1 aiming to create a new Decentralized Internet.
Its blockchain infrastructure is the most scalable, secure & energy-efficient solution on the market thanks to the implementation of a new consensus: "ARCH".
Archethic smart contracts expand developers' boundaries by introducing internal oracle, time-triggers, editable content & interpreted language.
Through native integration for DeFi, NFTs & decentralized identity; Archethic offers an inclusive and interoperable ecosystem for all blockchains.
In order to achieve the long-term vision of an autonomous network in the hands of the world population, we developed a biometric device respecting personal data privacy (GDPR compliant).
Making the blockchain world accessible with the tip of a finger. Be the only key! https://www.archethic.net/
Archethic Foundation Non-profit in order to manage decentralized governance of the public blockchain