Blockchain Group Technology

❓ What does it mean❓ ☞ 🐾 ⚡️

⇢ protocols attempt to bypass the resource-intensive processes of →Proof of Work. In other words, a system forms the basis for a second layer which only very rarely talks to this slow, very complex and very secure layer. This system behaves like a framework contract. The framework contract applies to the more expensive and slow system. In the case of flexible requirements which call for less security, individual processes can run on a second system (the second layer) which only rarely carries out back-checking. So the system achieves greater cost efficiency and more transactions.

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❓ What does it mean❓ ☞ of ( ) 🐾 ☀️

⇢ is an optimized →Proof of Stake model in which identity replaces shares in the network. So-called validators are here selected by reputation, which requires high standards and thorough checking in selection. The transaction speed rises in comparison with . In theory, users have better control of their data at the same time. The disadvantage of better control is that some of the benefits of are lost.

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❓ What does it mean❓ ☞ ✨

⇢ Consensus processes are designed to protect against manipulation. In a consensus process, the network data are exchanged automatically when a transaction is to be recorded. Each works with its own consensus-finding mechanism. In the case of , which forms the basis of the , a is only validated and its value attached to an existing block if the majority of connected users signal that the data within the block are identical. (See → Proof of Work, →Proof of Stake, →Second Layer)

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