What does the pos mode mean

What does image=pos mode mean? What does ‘ alt=’pos mode mean?’>

What does pos mode mean? What does pos mode mean

The POS consensus mechanism of Ethereum is called fragmentation chain, and its core is to allocate nodes in the blockchain network. Allocating resources in this way is very important, so when a block is produced, it will receive rewards. If this miner does not contribute a portion of their income, it will bring huge economic losses to it! As time progresses and becomes more complex, the relationships between participants become closer, resulting in a large amount of transaction costs staying at high levels for a longer period of time, making it impossible to complete payment work. This situation also causes significant fluctuations in the price of Ethereum; And because Bitcoin’s network capacity and bandwidth are too small, Ethereum will gradually be limited. In this way, in addition to the development of some other projects and the construction within the Ethereum ecosystem, these have a relatively large impact on the entire blockchain system, but for Ethereum, its PoS mechanism is a big problem: currently, all PoW mining is actually operated by a few people with idle computing power or by large enterprises with a lot of computing power. So what is the balance between stock and flow? We can look at the following two types of models:

One is to achieve profits by grouping (for example, the first two models), and the other is to maximize Profit maximization by a fixed proportion. The characteristic of this model is to layer the business processes of each link together to form a separate workflow. For example, exchanging ETH/USDC and other tokens for a certain token on Uniswap, and then using other currencies as collateral for liquidity provision and other operations. This creates a new pattern – bifurcation. In fact, this model is what many members of the Ethereum community call division. Disagreement is not a new thing, but some people feel that splitting into two is very suitable. So after the split, we can Co-determination decide whether to continue issuing new shares. There is another mode, that is, like Ethereum, everyone holds a certain amount of Ether coins, and at the same time, no value is transferred to the market. Therefore, an exclusive mode is formed, that is, dividend distribution. The differences between different branches, when viewed separately, are most easily reflected in the results of interest games. The forked part represents the rights and benefits allocated

What does pos mean

Editor’s note: This article is from the community of Ethereum enthusiasts (ID: ethfans), written by Joseph Young, Translation&proofreading:

“I like POS, but I think it is not a branch of blockchain. So I combine this idea with PoW.

We know that PoS system is a consensus algorithm running on the Bitcoin network, but its feature is that it does not need any other mechanism to ensure its stability, security or decentralization.”

This Cryptocurrency can be understood as “distributed accounting technology”, And through smart contracts, transaction records are immutable, transparent, and traceable When someone wants to publish a message or something, the message should be signed by themselves to another person who sent the message, because they need to prove their identity, so as not to affect the identity of another person; If a person wants to make a request to another party, the submitted information will be sent to themselves However, for those who do not want to use Bitcoin networks, there is no such simple way to add them to the system structure to achieve efficiency improvement. Therefore, “distributed storage” can also be applied as a way However, due to the fact that the POC protocol is an open data sharing layer, it is essentially a public database – everyone can access all data, rather than the ownership situation that a single institution can control, such as how users verify personal information, and only authenticated users can participate in governance. This is one of the reasons why many people are unwilling to join such a node

At present, the two most popular modes are PoA and DPoS (Proof of work). In PoB, holding a certain amount of tokens and hoping to receive rewards will become the main source of income for the blocks excavated by miners. In addition, there are similar schemes such as Dpos and Diffusion In PoW, there are many different forms, such as vote of work and delegated payment: most of them are proposals representing the actions of specific stakeholders, including voting rules. In P2SH, it mainly depends on the Electoral system to decide which rights and interests belong to whom and what rights. That is to say, voters can make choices by choosing their own contributions Although some projects may adopt this model, the value that is not actually considered is whether the rewards allocated to community members can be sustained, or whether the future development direction and economic benefits can support the basic capabilities of the entire ecosystem On the other hand, “distributed computing platforms”. By definition, it has a certain degree of flexibility and scalability. Specifically, on the basis of the existing blockchain infrastructure, there are a lot of incentive measures to ensure network security, prevent Human error from causing failure to adjust parameters in time, while maintaining a good momentum of development, it also helps to improve the overall network utility and operation level.