When the switch is complete, Ethereum will instead use a model called “proof-of-stake”. The security of the system as a whole is guaranteed by a requirement that members burn electricity doing complex but pointless mathematics, in order to ensure that no single user can dominate the system. Currently, Ethereum uses a “proof-of-work” system, like the model used by Bitcoin and most other cryptocurrencies. To find the difference with Bitcoin vs EOS.ħ3.1 TWh / 0.0011 TWh = 66,454 times that EOS is more Energy efficient in comparison to Bitcoin & 17,236 times more Energy efficient than Ethereum.At its heart, the plan involves shifting the way Ethereum’s underlying blockchain works. Holding itself with low power consumption yet delivering speed with a solid foundation. With these types of results, we can see that EOS (DPoS) is a game changer.

Therefore, 1.8KW x 24 x 74 = 3196 kWh per day.ģ196 kWh x 365 days for Annual Use = 1,137,776 kWhĬonverting 1,137,776 kWh into TWh = 0.0011 TWhīased on these calculations EOS is 66,000 times more energy efficient than Bitcoin.

If we add the top 21 and 53 standby candidates, this equates to 74 BP’s.Īverage energy consumption for a Block Producer is 1,8KW for 24 hours. The EOS network operates with 21 elected Block Producers and 53 stand by Block Producers ready to stand in at any point as voted by token holders. With its multi-lane processing capacity using Delegated Proof of Stake consensus algorithm (DPoS), EOS breathes fire and definitely delivers in all areas where it needs. EOS is based on Graphene technology as its predecessor’s Steemit & Bitshares. Country Consumption of Electricity VS BitcoinĮOS is blockchain 3.0 that demands respect and delivers in all fields respectively to what a new blockchain agent should deliver. Below is a chart that shows how high Bitcoin ranks in electricity consumption. That’s enough to cover the electricity use in Africa and is 1.5% of the United States yearly consumption. How much electricity is that? It’s a whopping 73.1 TWh*. It effectively consumes the same amount of electricity as the nation of Argentina. Bitcoin uses a POW (Proof Of Work) mechanism that’s costly and time-consuming to produce. BITCOINīitcoin holds numerous research papers and calculations based on it’s energy consumption. The blockchain is not excluded from this and should lead from the front. The world’s focus has moved to sustainability and how green industries can be used to reduce our carbon footprint and save our planet from climate change. As we know, Bitcoin has the highest market cap of any cryptocurrency, yet is renowned for its aggressive energy consumption. Many blockchains have substantial differences in energy consumption. In these comparisons, it’s our intention to bring forward the realization of energy consumption associated with blockchain protocols. In this article we look at the comparisons of Proof of Work (POW) crypto-currencies such as Bitcoin & Ethereum then delve into EOS which uses Delegated Proof Of Stake (DPOS). Is EOS more Energy Efficient than Bitcoin and Ethereum?

Ethereum will power consumption by