👉Blocks

Blocks will be formed to exchange sets of tokens. The goal of the crypto chain is to provide similar and affordable mining without spending thousands on a platform.

DPOS works by creating a consensus between nodes that store encrypted data in blocks. The authenticated consensus is used to track the user's crypto assets. As a term, 'consensus' means that nodes in the network agree on the same state of a blockchain, in a sense making it a self-auditing ecosystem.

This is an absolutely essential aspect of the technology, performing two main functions. First, consensus protocols allow a blockchain to be updated by ensuring that every block on the chain is true, as well as keeping participants incentivized. Second, it prevents any single entity from controlling or disrupting the entire blockchain system.

The purpose of consensus rules is to ensure that a single chain is used and followed. The reason we are considering DPOS is because it is conceptually simpler and more energy efficient than other models, such as Bitcoin.

Last updated