KRIPTO CRIPTO CRIPTURE OPENING PROFILL: Unique consensus mechanism for safe and scalable events
In recent years, the world has discovered its interest in currency cryptocurrency, recording and using digital assets as a means. Among these encryption castings, near the protocol (near), he attracted significant attention because of his innovative consensus mechanism, which promises to revolutionize the way we are considering decentralized networks. In this article, we come to the world close to the protocol and explore its unique features, emphasizing the benefits of him, compared to the traditional cryptocurrency protocol.
What is the encryption currency?
Crying currencies are digital or virtual currencies that use cryptography for safe financial events and dominate the formation of new units. The most well -known encryption currencies are Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). They operate on a decentralized network, allowing users to send, receive and store values without the need for brokers, such as banks.
What is close to the protocol?
Near the protocol (near) is open hair, Blockchain protocol, which is based on a relationship that allows developers to create and implement scaled, safe applications. It is a consensus hybrid algorithm that combines the benefits of tingling and Byzantine (BFT) tolerance, which are critical components to ensure the safety and integrity of decentralized networks.
unique consensus mechanism
Near the individual mechanism of the protocol, is based on a combination of Byzantine tolerance for errors (BFT) and evidence (POS). This is how it works:
- Sharding
: It divides the blockchain into smaller pieces and each contains 100,000 blocks. This allows for a faster event processing time, reducing the overall block of only one second.
- Byzantine errors tolerance (BFT) : The protocol uses the BFT algorithm, which provides nodes online arrangements for rules and values before arranging a new space. This prevents harmful actors from manipulating the network.
- Certificate of the role (POS) : close to the POS Awards Validiat’s protocol mechanism, which has part of their transaction fees, encouraging them to maintain the stability of the nodes and ensure network integrity.
The benefits of traditional encryption currency
Near the protocol offers many benefits of traditional cryptocurrency:
- Scalability : Glirov -equipped architecture gives you faster and processes more efficient processing of events, which makes it a large number of events.
- Safety : The Byzantine component of the Tolerance of Errors (BFT) ensures that the network remains safe, even in the presence of harmful actors.
- Distributed Management : Close to Protocol’s POS mechanisms allow you to control the control of the community, allowing users to participate directly in decision -making processes.
- Compatibility
: Glivar -trained architecture gives you integrated with other block chain protocols, which facilitates the construction of decentralized applications (DAP) at the top of the protocol.
Use Cases and Applications
Near the protocol has a wide range of use cases and applications that utilize its unique features:
- Distributed Financing (Dead) : Blorin Shard architecture enables fast and safe events, making it an attractive platform for defending applications.
- Playing : The decentralized protocol management model gives you to make a community decision that creates a more gaming experience for gaming.
- Supply chain management : Protocol scalability and safety features make it the right supply chain management applications.
conclusion
Near the protocol is an innovative currency curve that provides a unique consensus mechanism that combines the benefits of a Byzantine error (BFT) shaving and tolerance to the proof (POS).
