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Computational Resource Efficiency

Definition

Computational resource efficiency refers to minimizing the processing power, energy, and storage required for a digital system to operate. In blockchain and digital asset contexts, this involves optimizing algorithms and protocol designs to reduce the environmental impact and operational costs associated with transaction validation and network maintenance. Efficient use of computational resources is particularly relevant for proof-of-work systems, which consume substantial energy, and for decentralized applications aiming for broad accessibility. Achieving greater efficiency is a constant pursuit for developers.