Sentences with phrase «consensus algorithm allows»

Tron's consensus algorithm allows for thousands of transactions per second — critical for large - scale applications.

Not exact matches

Powering the RISE platform is a Delegated Proof of Stake consensus algorithm which is the one of the most environmentally friendly protocols available and thrives on greater decentralisation by allowing the community to vote for block producers.

The fork was designed to change Bitcoin's consensus algorithm in order to allow users to mine the currency with graphic processing units (GPU) rather than ASICs.

One of the reasons Allen thinks so positively about Intel's contribution is that it provides a variety of options and consensus algorithms, which he believes allow users to build a private blockchain to meets their needs.

Allen mentioned that the working group has been discussing how to create the best architecture for allowing users to choose from a variety of consensus algorithms.

It contains the mining verification algorithm, the consensus algorithm, all the network logic, the cryptography that allows users to spend their coins and the logic to verify smart contracts.

Indeed, Buterin himself later said that a fixed supply is «worth considering» because Ethereum's transition to a Proof - of - Stake (PoS) consensus algorithm will eventually eliminate the need for Proof - of - Work (PoW) mining and will allow the protocol to issue rewards without creating new coins.

The modular platform allows organizations to build, deploy and run complex distributed ledgers, and includes a novel consensus algorithm, Proof of Elapsed Time (PoET), which targets large distributed validator populations with minimal resource consumption.

He argued that the Proof - of - Work consensus algorithm with rewards based on a native currency «allows for an open and global blockchain, which is the most useful kind of blockchain.»