The views expressed here are the author’s own and do not necessarily represent the views of Cointelgraph.com Proof of Stake (PoS) was first introduced in a paper by Sunny King and Scott Nadal in 2012 and intended to solve the problem of Bitcoin mining’s high energy consumption. At that time, it cost an average of $150,000 a day to maintain the Bitcoin network. Today, this figure is at a staggering $6.7 million (if we assume a $0.12/watt cost and multiply that with the estimated 56,209,833 KWh of electricity that the Bitcoin network consumed on Oct. 13, 2017). Rather than relying …

Itson.me allows users to pay for literal drinks, coffee or food at local restaurants from anywhere in the world. Soon, it will be incorporating Cryptocurrencies. Itson.me is a local gifting app that goes a step beyond the likes of Groupon by allowing users to purchase items directly off of a restaurant's menu for their friends and family at anytime from anywhere. In an exclusive for Cointelegraph, they are announcing their upcoming acceptance of Bitcoin, Litecoin, Peercoin and Blackcoin, with more altcoins possibly to follow in the future. Itson.me will reportedly be using the CXC.bid platform, enabling them to accept virtually …