Here is an article on Near Protocol (Near) and its single consent mechanism:
Near Protocol (Near) -Recoming decentralized finance with a solution without trust, proof-of-stake (TPS)
In the rapid evolution world of blockchain technology, several cryptocurrencies emerged as players in the decentralized finance space (Defi). One of these innovation is Near Protocol (Near), a revolutionary platform that is ready to interrupt traditional intelligent contractual solutions. At the base, close to exploiting a TPS consent mechanism (without trust (TPS), which offers unparalleled safety and efficiency.
What is the stake test (POS)
Proof-Of-Stake (POS) is an algorithmic consent mechanism that is based on the voting power of the participants in the network rather than their mining power. This approach eliminates the need for working test mines (POW) with high intensity of energy, making it close to a more respectful option of the environment and economic.
How does the TPS consensus mechanism work near the protocol?
Near Protocol uses a TPS solution without confidence to validate transactions on its network. Here’s how it works:
- PARTICIPATION OF THE NOD : Each node on the nearby network is encouraged to participate by receiving a part of the value of the network in the form of nearby tokens.
- Management of the stake parts : the nodes are required to hold a specific amount of nearby token, known as “stake”, which determines their voting power.
- Taxation of transactions : When a new transaction is sent through the network, it must be validated by multiple nodes with variable participation levels.
- Voting mechanism : Each knot with sufficient pole comes out whether to include the transaction in the next block or refuse it.
- Block creation : the votes are therefore completed in a single block, which is added to the net.
Advantages of the Near Protocol TPS Consent mechanism
Near’s TPS without trust offers numerous advantages compared to the traditional consent mechanisms of the test of work (POW):
* Energy efficiency : Near significantly requires less energy than power -based networks, making it an interesting option for conscious organizations.
* Scalability : Near Protocol is designed to climb horizontally, allowing it to manage a large number of knots and transactions with minimum latency.
* Security : The TPS mechanism without trust guarantees that the network remains decentralized and safe, even in the event of failure or compromise of the node.
Conclusion
Near Protocol (Near) has revolutionized the Defi field by introducing a single consent mechanism that is both efficient from an energy and scalable point of view. His TPS solution without confidence offers unparalleled safety and efficiency, making it an interesting option for organizations that want to build decentralized applications (DAPPS). While Near continues to grow and evolve, it is likely that it has a significant impact on the blockchain ecosystem as a whole.
Stay tuned for further updates on the nearby protocol and its growing Defi ecosystem!
Note: This article is intended as a general overview of the consent mechanism of the nearby protocol. For in -depth analyzes and technical details, consult the documentation of the nearby protocol or contact the development team directly.