The Different Types of Consensus Algorithms

2024-4-19 20:16

A consensus algorithm is a procedure used in computer science in which participants of a distributed network agree on the state of the network or the state of a single data value and establish trust among unknown peers in the network.

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network consensus state data single unknown peers

Источник: coincentral.com

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Flare’s Canary Network Songbird Successfully Passes Observation Stage

Songbird, the canary network of Flare Networks has successfully exited the observation stage. Flare’s Canary Network Exits Observation Stage In an announcement made today, Flare Networks – a scalable, low cost, low carbon, and decentralized smart contract platform leveraging the Ethereum Virtual Machine (EVM) and based on the Federated Byzantine Agreement-based consensus announced its canaryRead More

2021-9-29 16:00


Flare Raises $11.3M in New Investment Round

Flare, the blockchain network running on the Federated Byzantine Agreement (FBA) consensus mechanism, has raised $11.3M in its latest fundraising round. Contributions to Flare came from a slew of prominent names in crypto including Digital Currency Group, Coinfund, Kenetic Capital, LD Capital, cFund, Borderless Capital, Wave Financial, and Backend Capital. Angel investors who participated in […]

2021-6-8 17:09


Burstcoin was the real green alternative until Chia Network raised $69.7M on a concept of Proof of Capacity

The two biggest consensus mechanisms known in the crypto universe are Proof-of-Work and Proof-of-Stake, created by Satoshi Nakamoto and Sunny King(PeerCoin), respectively. Since creating these mechanisms to support the underlying technology of blockchain, there have been many other alternatives to reduce energy consumption and introduce a new method of mining using hard disks called Proof-of-Capacity, […] The post Burstcoin was the real green alternative until Chia Network raised $69.

2021-5-27 15:00


Umbrella Network reduces fees by migrating its oracle solution to Binance Smart Chain

CryptoNinjas » Umbrella Network reduces fees by migrating its oracle solution to Binance Smart Chain Umbrella Network, a scalable and cost-efficient layer-2 oracle solution for blockchain and decentralized finance (DeFi) ecosystems, today announced that they are formally shifting their computations and consensus mechanics from Ethereum to Binance Smart Chain (BSC), the blockchain platform from crypto exchange company, Binance.

2021-5-4 23:07


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Velas Enters the Top 100 Coinmarketcap and Launches on Bitcoin.Com Exchange

The blockchain network that is self-learning and self-optimizing and claims to be able to deliver up to 30,000 transactions per second with a speed of anywhere from 1 second to 2 minutes. Velas is a blockchain ecosystem that implements an AI-powered Delegated Proof-of-Stake (AIDPOS) consensus mechanism for dramatically improved scalability, high security, and interoperability.

2020-7-21 20:30


How to Maximize Profitability with Cryptocurrency Staking

Cryptocurrency staking first exploded into popularity back in 2013 with the release of Peercoin — the first cryptocurrency based on the Proof of Stake (PoS) consensus mechanism.  Peercoin became the first prominent cryptocurrency to offer staking rewards to holders, allowing them to essentially lock up their coins to help secure the network, while receiving regular […] The post How to Maximize Profitability with Cryptocurrency Staking appeared first on NullTX.

2020-6-17 18:48


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