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Energy-efficient blockchain using a variant of Python

Studies find that BitCoin will soon consume more power than the entirety of Australia. BitCoin’s energy consumption is nearing 200 terrawatt hours (TWh), while Australians consumed 192 TWh in 2020.Blockchain platforms such as BitCoin and Ethereum employ a Proof-of-Work (PoW) consensus and blockchain management algorithm, which relies on a computationally expensive cryptographic puzzle. While PoW provides a strong security guarantee in a truly decentralised and public network, it comes at the cost of significant computation. This, unfortunately, does not provide …

Study level
Vacation research experience scheme
Faculty
Faculty of Science
School
School of Computer Science

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