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Tron (TRX) and how it works?
Over the years, Tron has become one of the leading blockchains in the cryptocurrency world, uniting investors and developers around a large project. Today we will talk about one of the most successful cryptocurrencies that can be used in everyday life. Yes, we are talking about Tron, so read carefully so as not to miss important information.@Cryptoland_8
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$SXP (blockchain) is currently transitioning to a community-controlled DAO called Solar.
The project will have its own layer-1 blockchain and will continue to use the SXP token.
Binance will continue to use SXP for card transaction fees.
Additionally, SXP will evolve to create and offer multiple utilities on its Blockchain.
Utilities such as:
- Token protocol for creating fungible and immutable tokens on the blockchain.
- Burn mechanism to burn all fees without generating tokens.
- Fake rewards (DPoS)
-Metaverse
- NFT Marketplace
- Launchpad
#SXPUSDT #binance #dpos
And much more.
The project will have its own layer-1 blockchain and will continue to use the SXP token.
Binance will continue to use SXP for card transaction fees.
Additionally, SXP will evolve to create and offer multiple utilities on its Blockchain.
Utilities such as:
- Token protocol for creating fungible and immutable tokens on the blockchain.
- Burn mechanism to burn all fees without generating tokens.
- Fake rewards (DPoS)
-Metaverse
- NFT Marketplace
- Launchpad
#SXPUSDT #binance #dpos
And much more.
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[A web3 concept every day] Quickly understand DPoS
DPoS (Delegated Proof of Stake), the full name is Delegated Proof of Stake.
We have talked about PoW and PoS before. Their shortcomings are obvious. PoW will consume a lot of resources, while PoS will not consume resources, but they can easily lead to the rich getting richer, leading to the centralization of the blockchain system.
In order to deal with these two problems, DPoS emerged. In DPoS, currency holders can vote for a small number of nodes to serve as representatives. These representatives are responsible for verifying transactions and creating new blocks. They are called witnesses (Witnesses). Only the top N with the total number of consent votes (different chains will have different standards) can be selected as witnesses. This batch of witnesses will randomly verify and package the data in the next 1-2 days, and the next batch of witnesses will be replaced as soon as the time is up.
At the same time, currency holders can also vote for Delegates. Representatives have more rights. They can change network parameters, including transaction fees, block size, witness fees, block intervals, etc.
Since only a few elected representatives participate in the consensus process, DPOS is usually faster and more efficient than other mechanisms, while also avoiding centralization issues because currency holders will choose less centralized nodes to be witnesses. People and representatives.
#dpos #DCA #避免中心化
#Tao #restaking
DPoS (Delegated Proof of Stake), the full name is Delegated Proof of Stake.
We have talked about PoW and PoS before. Their shortcomings are obvious. PoW will consume a lot of resources, while PoS will not consume resources, but they can easily lead to the rich getting richer, leading to the centralization of the blockchain system.
In order to deal with these two problems, DPoS emerged. In DPoS, currency holders can vote for a small number of nodes to serve as representatives. These representatives are responsible for verifying transactions and creating new blocks. They are called witnesses (Witnesses). Only the top N with the total number of consent votes (different chains will have different standards) can be selected as witnesses. This batch of witnesses will randomly verify and package the data in the next 1-2 days, and the next batch of witnesses will be replaced as soon as the time is up.
At the same time, currency holders can also vote for Delegates. Representatives have more rights. They can change network parameters, including transaction fees, block size, witness fees, block intervals, etc.
Since only a few elected representatives participate in the consensus process, DPOS is usually faster and more efficient than other mechanisms, while also avoiding centralization issues because currency holders will choose less centralized nodes to be witnesses. People and representatives.
#dpos #DCA #避免中心化
#Tao #restaking
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🚀 Biw Public Chain Dpos Download Steps:
1. Search for Dweb Browser in the app market to download the browser
2. Download the BⅠW Wallet biw-meta.io in the Dweb browser
3. Download Dpos in the Dweb browser
dweb://install?url=ispsdex.com/metadata.json
4. Link the wallet, enter the referral code RDk3, and start Dpos mining!
5. Click to recharge, 50% USDT:BIW 50%
6. Subscribe to nodes, activate mining rewards
Add me as a friend😎 #BIW Super Public Chain #DPoS
1. Search for Dweb Browser in the app market to download the browser
2. Download the BⅠW Wallet biw-meta.io in the Dweb browser
3. Download Dpos in the Dweb browser
dweb://install?url=ispsdex.com/metadata.json
4. Link the wallet, enter the referral code RDk3, and start Dpos mining!
5. Click to recharge, 50% USDT:BIW 50%
6. Subscribe to nodes, activate mining rewards
Add me as a friend😎 #BIW Super Public Chain #DPoS
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