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Hello, GBT Protocol community.
I did not post for a while. It’s Keunyoung Yun, a software engineer at GBT Protocol.
Last time I explained about POS, Consensus Algorithm №2.
If you don’t remember about POS, then please refer to the link above.
Then Let’s start!
Today’s posting is about the consensus algorithm №3, DPOS.
Like I mentioned in the last posting, POS which means Proof of Stake is deepening the risk of the polarization phenomena between coin holders, since the working system is based on the competition in holding the number of coins.
In 2014, the new consensus algorithm, DPOS was released.
DPOS literally means that it delegates the rights to the limited number of nodes.
Every node who participate in the network will get the right for voting their own representatives.
That means the nodes who get most votes from other nodes will be selected as representatives to lead the ecosystem. ( Steem has 20 representatives, EOS has 21 representatives)
The selected nodes will be available to generate the blocks and clarify them.
If the selected node is doing with negative intention, then that node will be replaced to another well-meaning node immediately.
Isn’t it alike our democracy system in modern society in the aspect that participating nodes are voting for their leader for better organization of their network?
In terms of speed, DPOS is outstanding as there are relatively fewer nodes to authorize and sync the same ledger than other algorithms.
Sadly, this outstanding algorithm still has a flaw.
As there are only a few nodes who are operating and in the control of the system,
Some people worry about the fact that the concept of decentralization is fading.
Also, it could weaken the security compared to other algorithms.
Additionally, there could be possibilities that the group of selected nodes could disturb the ecosystem for their own sake.
So we cannot say that DPOS is the perfect one.
This was my last series of the consensus algorithm.
I tried to explain in an easy way, I wish everyone can get the points.
Next time, I will bring a more interesting topic of blockchain technology.
Please keep steady til we will be blockchain masters!
We just released the monthly report for July. If you want to know what we have done in July, please refers to our homepage link.
#GBT_Protocol #GBT #blockchainstudy #blockchaintechnology #consensus #algorithm #consensusalgorithm #PoW #PoS #DPoS
안녕하세요. 고객님 입금하시려는 토큰이 토큰뱅크에서 아직 입금을 지원하지 않는 토큰일 경우에는 입금이 어렵습니다. 어떤 토큰 입금하시려고 하신건가요?
Community | 입금은 어떻게 하나요?
고객님 케이스타라이브는 거래소로 바로 입금하시면 안되시고 루니버스 메인넷 기반으로 스왑하신 후 이동하셔야 합니다. 해당 문의는 케이스타라이브 담당자에게 문의 부탁드립니다. https://open.kakao.com/o/sepSJr4
Community | 케이스타라이브
고객님 현재 델리오는 토큰 관련하여 확인할 사항이 있어 출금이 중단된 상태입니다. 추후 출금에 대해 재지원할 예정입니다. 재지원시까지 기다려주시면 감사하겠습니다.
Community | 델리오 아이닥스에 상장된 코인
안녕하세요. 토큰뱅크에서 지원하지 않는 토큰을 입금하신 경우, 1-2달 정도 처리기간이 소요됩니다. 또한 처리를 위한 수수료가 발생되는 점 양해 부탁드립니다. 오입금 토큰 입금 처리를 위해서 email@example.com로 오입금된 토큰명과 TxID, 고객님의 토큰뱅크 ID를 적어 보내주시기 바랍니다.
Community | 오입금된 코인 어떻게 처리해야하나요?
안녕하세요. 토큰뱅크입니다. 고객님 락업이 설정된 토큰은 락업 해제 시점에 출금 지원될 에정입니다. 케이스타라이브 지갑으로 출금 후 스왑 지원받으시면 됩니다. 감사합니다.
Community | 케이스타라이브 락업수량 출금신청방법
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