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The process of building a Decred block is actually pretty interesting and is the area that gives the project its security and efficiency.
It’s important to note that Decred’s block construction is based on a hybrid mechanism of proof of work and proof of stake. A lot of the earlier blockchains rely on one mechanism or the other, but Decred takes advantage of the best bits of both of these mechanisms.
For example, Proof of stake is used for its coin holder voting and verification properties and proof of work is used for its block production properties. Both of which combine to amplify the security and cost of attacking the platform.
For more, visit cypherpunktimes.com
The process of building a Decred block is actually pretty interesting and is the area that gives the project its security and efficiency.
It’s important to note that Decred’s block construction is based on a hybrid mechanism of proof of work and proof of stake. A lot of the earlier blockchains rely on one mechanism or the other, but Decred takes advantage of the best bits of both of these mechanisms.
For example, Proof of stake is used for its coin holder voting and verification properties and proof of work is used for its block production properties. Both of which combine to amplify the security and cost of attacking the platform.
For more, visit cypherpunktimes.com