Examples of using Consensus protocol in English and their translations into Vietnamese
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Colloquial
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Ecclesiastic
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Computer
What's a consensus protocol?
Besides PoW, today's blockchains also use many other Consensus Protocols.
What is a Consensus Protocol?
Consensus protocols are one of the most important aspects of Blockchain technology.
What are the consensus protocols?
The part that governs how XRP moves over the XRPLedger is called the XRP Ledger Consensus Protocol, or XRP LCP.
Since then, many consensus protocols have been proposed to leverage.
The Proof of Spacetime(PoSt) is used as the consensus protocol of storage.
Consensus protocols also provide participants on the network who are maintaining a blockchain with rewards and incentives to continue doing so.
According to Charles Hoskinson, Ouroboros is among the most efficient consensus protocols in the crypto space.
The side chain consensus protocol can move consensus traffic from the main chain with public consensus to the side chain with high performance and efficiency.
The introduction of the BRAVO Paymobile payment app on the BRAVO Hybrid Consensus Protocol addresses these issues.
Like any distributed consensus protocol, a set of computers run XRP LCP in an effort to determine which transactions that have been sent over the network are valid and, as such, agree on the history of the ledger.
However, in Tezos's case, they use a generic networkshell which is compatible with the different transaction and consensus protocols a blockchain needs.
The first paper, called"Analysis of the XRP Ledger Consensus Protocol" builds on the company's 2014 paper, providing a formal, mathematical proof that what's supposed to happen on the network will really happen.
Aelf recommends that any chain created through the aelf OS merge their mining with the main chain anddevelop their own consensus protocol.
Non-Representative nodes do not vote in Nano's consensus protocol, which helps to reduce network traffic and preserve transaction speed, but it also creates significant negative side-effects, which will become clear shortly.
IP multicast provides a dramatic increase in network efficiency because it is mediated at the hardware layer of a network and enables selective broadcast to a dynamically specified group of nodes on a network,which is ideal for a cryptocurrency consensus protocol.
Debates about the most effective, efficient and secure consensus protocol are common in the blockchain space today, stimulating innovation and an advancement in these systems, the perfect consensus protocol has yet to be created.
Where it is installing rooftop solar panels or using a reusable bag at the supermarket, a user will just need to log his activities into NewEra'ssystem conveniently via app for verification by NewEra's consensus protocol and be rewarded with tokens from the NewEra blockchain.
This means that with the help of sharding, participants in the consensus protocol need not execute the entire code themselves- instead, they can execute a part of the code in a block and mitigate the stress borne by the underlying network.
Naviin Kapoor, a blockchain consultant and a business transformation leader with more than twelve years of experience in project management and business analysis and more than one year of experience in ethereum, bitcoin, hyperledger,EOS, consensus protocol and distributed/shared ledger tecnology.
The XRP Ledger uses a consensus protocol that relies on a majority of validators to record and verify transactions without incentivizing any one party(this is one of the main reasons why I began working on XRP Ledger more than six years ago).
This is desirable for many stakeholders because(1) they may not want tokeep their computers running 24/7 to participate in the consensus protocol voting process and(2) they may not own enough Nano wealth to qualify to participate directly in Nano's consensus protocol.
We propose a useful work consensus protocol, where the probability that the network elects a miner to create a new block(we refer to this as the voting power of the miner) is proportional to their storage currently in use in relation to the rest of the network.
Naviin Kapoor, a blockchain& ICO expert, and a business transformation leader with more than eleven and half years of experience in project management and business analysis and more than one year of experience in ethereum, bitcoin, hyper ledger,EOS, consensus protocol and distributed/shared ledger technology.
Unique Dynamic Proof-of-Commitment(DPoC) consensus protocol, which combines the strengths of the Proof-of-Work(PoW) and Delegated Proof-of-Stake(DPoS) protocols with the network security and ecosystem sustainability benefits provided by Gini's unique Dynamic Guardian nodes.
Despite the potential change in consensus protocol of the Ethereum network, the head of Nvidia, Juan Zhjensjun, is sure that revenue made from GPU(graphics processing unit) sales for crypto mining would remain, asserting cryptocurrencies and blockchain are“here to stay.”.
Despite the potential change in consensus protocol of the Ethereum network, the head of Nvidia, Juan Zhjensjun, is sure that revenue made from GPU(graphics processing unit) sales for crypto mining would remain, asserting cryptocurrencies and blockchain are“here to stay.”.