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opening the cryptocurrency with almost protocol: unique consensus for safe and scalable events
In recent years, the world has found an increased interest in cryptocurrencies as a means of saving, sending and using digital funds. Between these cryptocurrencies, he has paid considerable attention to the protocol near (near) because of his innovative consensus mechanism, which promises a revolution in the way we hold decentralized networks. In this article, our dodge into the world of close protocol and explore its unique features, emphasizing the benefits it offers compared to the traditional encryption protocol.
What is cryptocurrency?
Cryptocurrencies are digital or virtual currencies that use encryption for safe financial events and control new units. The most well -known cryptomes are Bitcoins (BTC), Ethereum (ETH) and Litecoin (LTC). They work on a decentralized network and allow users to send, receive and store value without the need for brokers, such as banks.
What is close to the protocol?
Near protocol (closed), Blockchain protocol is based on an open source that allows developers to create and introduce scalable and protected applications. It is a hybrid consensual algorithm that combines the benefits of concentration and Byzantine disorders tolerance (BFT), which are critical components to ensure the safety and integrity of decentralized networks.
unique consensus mechanism
The unique consensual mechanism of the protocol is based on a combination of Byzantine Vikatalerance (BFT) and the proof of the shot (POS). This is how it works:
- Sharding : Close to the protocol divides it into smaller fragments of the block chain, each contains 100,000 blocks. This allows for faster event processing times, reducing the overall block only per second.
- Byzantine Vikatolerancy (BFT) : The protocol uses the BFT algorithm that provides network knots, fits in with the rules and values before it fits into a new space. This prevents harmful actors in network processing.
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benefits from traditional cryptomyin
There are several advantages near the protocol compared to traditional cryptocurrencies:
1.
- Safety
: The component of the Byzantine Vikhalere (BFT) ensures that the network remains safe, even in the presence of harmful actors.
- Distributed Administration of Public Affairs : The POS mechanism of a company near the protocol enables community management, allowing users to participate directly in decision -making processes.
- Compatibility : The architecture of a close -in architecture enables problems -free integration with other blockchain protocols that make it easier to create decentralized applications (DAPP) at the top of the protocol.
Cases and Applications
The closed protocol has a wide range of operating and applications that use its unique features:
1.
- Playing : The decentralized protocol management model enables community -based decision -making, creating players’ gaming experience.
- Supplier chain management : Scalability and safety features close to the protocol are suitable for supplier management applications.
conclusion
Near the protocol is an innovative cryptocurrency that provides unique consensus mechanism that combines sharing and Byzantine disorders (BFT) benefits (POS).
