1. PixelPlaygroundHome
  2. Web3 News

Kadena Grants and NoPool: Addressing Environmental Concerns in PoW Blockchain

• Web3 News • 110 views

It is reported that Kadena, the scalable Layer 1 PoW blockchain, today announced that NoPool, the recipient of Kadena Grant, has joined its ecosystem in order …

Kadena Grants and NoPool: Addressing Environmental Concerns in PoW Blockchain

It is reported that Kadena, the scalable Layer 1 PoW blockchain, today announced that NoPool, the recipient of Kadena Grant, has joined its ecosystem in order to solve the dependency of PoW on the centralized mining pool and minimize the impact of Kadena mining on the environment. With the launch of NoPool, Kadena miners will receive unique incentives to obtain carbon neutral certification with the support of BITMAIN.

Carbon neutral PoW ore pool NoPool obtains Kadena Grant and joins its ecosystem

Interpretation of the news:


Kadena, a scalable layer one PoW blockchain, has announced that NoPool, a recipient of Kadena Grant, has teamed up with the platform to address concerns related to the dependency of PoW on centralized mining pools, and mitigate any adverse impact Kadena mining may have on the environment. NoPool’s efforts to minimize such impact come from its commitment to incentivizing Kadena miners to obtain carbon-neutral certification with the support of BITMAIN.

Since the arrival of Bitcoin, the reliance of PoW blockchain on energy-intensive mining has been a contentious issue among stakeholders who call for reducing the proportion of fossil fuels used to produce energy. The computational effort-based nature of PoW mining further demands expensive, high-end hardware and centralized mining pools leading to an unhealthy centralization of computing power. The solution to move from a PoW to a Proof of Stake (PoS) has long been discussed as a feasible option; however, the transition seems improbable in the short run.

In this context, Kadena’s unique level of scalability has offered a promising PoW blockchain solution that can also address environmental concerns while engaging in energy-intensive mining activities. This is where NoPool comes in with its goal to decentralize PoW mining in Kadena, striking a balance between serving the blockchain and protecting the environment. By offering incentives to miners who obtain carbon-neutral certification, the platform encourages the reduction of the carbon footprint from cryptocurrency mining.

The initiative is commendable, and it is worth noting that Kadena is a unique blockchain platform that is well suited for this solution. Its ability to scale efficiently and address the environmental challenges of PoW mining activities, leveraging incentives to reduce carbon emissions, is a step towards a more sustainable blockchain ecosystem. Meanwhile, the collaboration between Kadena and NoPool grants the platform more flexibility, and ultimately, a level of resiliency in maintaining an open and democratic network that is not controlled by any centralized mining pool, resulting in a healthier, more decentralized blockchain infrastructure.

In conclusion, this announcement from Kadena and NoPool signifies a new attempt towards addressing the energy efficiency and environmental issues related to PoW mining activities. The initiative represents a significant step in the right direction towards a sustainable PoW blockchain ecosystem.

(title word count: 10; body word count: 390)

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/2198/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/22/2023 16:16
Next 02/22/2023 16:53

Recommended articles