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cRYPTO Glossary
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Aeternity Blockchain
The Aeternity Blockchain is a decentralized network that operates using a hybrid consensus mechanism, combining both Proof of Work (PoW) and Proof of Stake (PoS) protocols.
Explanation:
- Hybrid consensus approach: Aeternity utilizes a combination of PoW and PoS to validate and secure transactions on its blockchain.
- Proof of Work (PoW): Initial transactions and blocks are mined through computational work, ensuring network security.
- Proof of Stake (PoS): Validators are chosen based on the number of tokens they hold and are incentivized to behave honestly through staking mechanisms.
- Benefits: This hybrid model aims to enhance scalability, security, and energy efficiency compared to traditional PoW-only or PoS-only blockchains.
Key Points for Beginners:
- Scalability: Aeternity's hybrid consensus allows for greater transaction throughput and efficiency compared to single-consensus blockchains.
- Security: Combining PoW and PoS enhances the blockchain's resilience against attacks and ensures robust network security.
- Community Participation: Users can participate in securing the network either by mining (PoW) or staking (PoS), contributing to decentralization and consensus.
Valdis Zhvaginsh
Crypto Enthusiast, CWT Editor
Hello, I'm Valdis
When I began exploring cryptocurrencies, I had many questions. Over time, I've gathered some of the best resources that helped me, and I believe they can be useful to you as well.
I hope these resources assist you in starting your journey into the world of cryptocurrencies and provide useful tools for everyday tasks.
If you have any suggestions or corrections, please contact me
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