【Diginomica】Someone’s talking Blockchain, but don’t run and hide - this is about proof of value

【Diginomica】Someone’s talking Blockchain, but don’t run and hide - this is about proof of value

The biggest problem with blockchains is the rapid increase in data creation. This is because every node on the blockchain needs to be informed about every transaction in the chain.

While it is certainly possible to create a secure record of a single bitcoin, the explosion of data has led to ballooning energy consumption and the blockchain's carbon footprint.

For this reason, Vendia does not use proof-of-work like Bitcoin, but uses its own "untrustworthy" cryptographic verification protocol combined with serverless computing.