dido:public:ra:xapend:xapend.k_consensus:02_mechanism:lpos
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dido:public:ra:xapend:xapend.k_consensus:02_mechanism:lpos [2021/07/30 13:12] murphy |
dido:public:ra:xapend:xapend.k_consensus:02_mechanism:lpos [2021/08/13 13:57] (current) murphy |
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| [[dido:public:ra:xapend:xapend.k_consensus:02_mechanism:start | Return to Consensus Mechanism ]] | [[dido:public:ra:xapend:xapend.k_consensus:02_mechanism:start | Return to Consensus Mechanism ]] | ||
| - | **Leased Proof of Stake (LPoS)** is an enhanced version of the Proof of Stake (PoS) consensus mechanism that operates on the Waves platform. | + | **Leased Proof of Stake (LPoS)** is an enhanced version of the [[dido:public:ra:xapend:xapend.a_glossary:p:proof_of_stake_pos|Proof of Stake (PoS)]] consensus mechanism that operates on the Waves [[dido:public:ra:xapend:xapend.a_glossary:p:platform|platform]]. |
| - | Unlike the regular Proof-of-Stake method where each node with some amount of [[dido:public:ra:xapend:xapend.a_glossary:c:cryptocurrency|cryptocurrency]] is entitled to add the next [[dido:public:ra:xapend:xapend.a_glossary:b:blockchain|blockchain]], users can lease their balance to full nodes in this [[dido:public:ra:xapend:xapend.a_glossary:c:consensus_algorithm|consensus algorithm]]. And the one that leases the bigger amount to the full node has a higher probability of generating the next block. Also, the leaser is then rewarded with a percentage of the transaction fee that has been collected by the complete node. | + | Unlike the regular Proof-of-Stake method where each [[dido:public:ra:xapend:xapend.a_glossary:n:node|node]] with some amount of [[dido:public:ra:xapend:xapend.a_glossary:c:cryptocurrency|cryptocurrency]] is entitled to add the next [[dido:public:ra:xapend:xapend.a_glossary:b:blockchain|blockchain]], users can lease their balance to [[dido:public:ra:xapend:xapend.a_glossary:f:full|full nodes]] in this [[dido:public:ra:xapend:xapend.a_glossary:c:consensus_algorithm|consensus algorithm]]. And the one that leases the bigger amount to the full node has a higher probability of generating the next block. Also, the leaser is then rewarded with a percentage of the transaction fee that has been collected by the complete node. |
| This PoS variant is an efficient and safe option for the development of public cryptocurrencies.[[dido:public:ra:xapend:xapend.k_consensus:09_ref:bhardwaj]] | This PoS variant is an efficient and safe option for the development of public cryptocurrencies.[[dido:public:ra:xapend:xapend.k_consensus:09_ref:bhardwaj]] | ||
dido/public/ra/xapend/xapend.k_consensus/02_mechanism/lpos.1627665152.txt.gz ยท Last modified: 2021/07/30 13:12 by murphy
