🔊 Introducing #QuaiNetwork new consensus mechanism PoEM ✨
👉 PoEM known as Proof-of-Entropy-Minima will revolutionize the way blockchains come to agreement on transactions ⛓️
👉 Let's drive into this thread
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1️⃣ First learn about what is consensus mechanism?
👉 Blockchain nodes work together to agree on a list of transactions and the order in which they should be recorded. How these nodes come to agreement, called a consensus mechanism.
2️⃣ QuaiNetwork utilizes PoEM consensus mechanism which is inspired by Bitcoin's PoW Nakamoto Consensus mechanism ⛓️
3️⃣ PoEM also uses hashes generated by miners to verify the validity of a proposed block like Bitcoins PoW ⛓️ but it measures how these hashes are compared 💡
4️⃣ PoEM measures the intrinsic block weight to calculate the entropy of proposed block, which ensures all nodes running on PoEM mechanism will always agree on which block is next in the chain.
👉 This eliminates any disagreements and delays in the network ✨
5️⃣ PoEM removes all the contention from consensus and ensures all the nodes to remain in continuous agreement 🤝
6️⃣ Unlike any other traditional consensus mechanism like PoW and PoS, the PoEM offers numerous advantages 👇
7️⃣ Instantaneous Fork Resolution: Every node always agree on the decision on the next block in the sequence to ensure seamless chain progression ⛓️
8️⃣ Faster Finality: PoEM offers a faster mathematical guarantee of on-chain inclusion compared to all the existing consensus mechanisms like PoW and PoS 💫
9️⃣ Coordinating Infinite Execution Shards: Perpetual consensus offers coordination with infinite number of execution shards ✨
🔟 The PoEM consensus is a groundbreaking mechanism which will revolutionize the Blockchain sector and allow the Quai Network break the Blockchain trilemma- security, scalability and decentralisation ⛓️
