A training program has been launched in the Philippines for government scientists and technologists in the Department of Science and Technology (DOST). The training aims to evaluate how blockchain can be used in sectors such as healthcare, financial support, and emergency relief. An amount of money was provided for the program that may be used to train IT, workers and researchers. It also hopes to produce blockchain development specialists who can assist the government in other blockchain-related endeavors.
Blockchain has made headlines recently for using more energy than airlines or even entire countries. Different types of chains have different impacts on the environment based on how they're designed. The proof-of-stake (POS) model is significantly more energy-friendly than the traditional Proof of Work (POW) model. Blockchains operate differently than traditional IT systems. Different types of chains have different impacts on the environment based on how they're designed. Proof-of-work (POW) is what's behind traditional "mining," where miners compete to solve a mathematical puzzle. The Bitcoin Foundation has switched to a more energy-friendly model of proof-of-stake. Proof-of-stake (POS) requires those working on the chain to have skin in the game. POS also reduces power consumption and accelerates the handling of transactions. The model is being adopted by big names in the industry such as Bitcoin, & Ripple.
Comments
Post a Comment