PoB – IOST’s Consensus Algorithm: How to achieve decentralized consensus

Terrence Wang - CTOFrom the Team, TechLeave a Comment


Every blockchain system is in itself a micro-society, an adaptive organizationcomprised of network nodes. The operation of this organization is regulated by a consensus mechanism. The consensus mechanism is a programmable benefit transfer rule that engages people, forms a secure network, and operates in andeterministic manner. In the IOST PoB consensus mechanism, the block production committee has 17 seats, which are changed every 10 … Read More