Technology Review has Proof of Stake as one of the 10 Breakthrough Technologies for 2022: “Proof of stake offers a way to set up such a network without requiring so much energy. And if all goes as planned, Ethereum, which runs all sorts of applications in addition to the world’s second-largest cryptocurrency, will transition to it in the first half of 2022. The shift has been projected to cut energy use by 99.95%…With proof of stake, validators don’t have to vie against one another, spending big on energy and computing hardware. Instead, their cache, or stake, of cryptocurrency allows them to enter a lottery. Those who are chosen gain the authority to verify a set of transactions (and so earn more cryptocurrency). In some networks, validators who display bad behavior are penalized—they lose some portion of their stake.”
WSJ: “About half of India’s working-age population is employed or seeking work, one of the world’s lowest labor-force participation rates, according to the ILO. Adding to the job squeeze, an estimated four million-plus young people join the workforce each year. To reach India’s economic potential, the country will have to create 90 million new nonfarm jobs by 2030, pulling 30 million workers from agriculture, according to a 2020 report by McKinsey Global Institute. Falling short of that risks a decade of economic stagnation, the report said. Tens of millions of new jobs a year in construction and manufacturing are needed, said Shirish Sankhe, a senior partner at McKinsey and one of the report’s authors. That would require an economic growth rate of at least 8%.”
Watched: Arrival (2016 sci-fi movie)
