Usechain’s Original RPOW Consensus Algorithm

kalimbamba (25)in #usechain • 6 years ago

The This article will be about understanding of Usechain’s Original RPOW Consensus Algorithm and the Comparison between RPOW and Other Consensus Algorithms
In order to understand the system and keep it in working condition various types of procedures, strategies and frameworks are used in the world of Blockchain technology. These procedures are also called consensus calculations. The best working calculation for a permitted or a public Blockchain platform can be found on the basis of continuous expression of large numbers of civil arguments. But until today, experts are searching for the best Blockchain platform that can provide the best things in all respect including execution, security and scalability. So before getting a satisfactory solution in a Blockchain regime you will have to forget that decentralization as the main target of Blockchain technology. In fact, the criteria of decentralization is not satisfied by most of the consensus algorithms used in this regard. For instance, the Proof of Work or POW of Bitcoin has evaluated only half of the hashing power originated from the mining pools of China whereas majority of the mining was done in the regions where the cost of power was very low. On the other hand, POS or Proof of Stake is very different from POW as it displaces diggers with validators, who are rewarded on the basis of the risk they have taken. As a result, those who have taken larger risks may have higher chances to get approval for higher exchange charges and square rewards, which can centralize riches and influence. Similarly, DPOS or Delegated Proof of Stake, another calculation consensus, allows an individual to hold tokens on Blockchain so that he can choose witnesses, found in gatherings to make hinders and approve exchange, to make his consensus more effective. For instance, the scalability of an EOS can be increased by using this consensus along with 21 supernodes. Regardless of other things, to keep this system running at any cost, you will have to give up the aspect of decentralization which can increase the chances of system assault without stretching the resultant in an effective and lonely way. Usechain Blockchain ICO is another Blockchain platform which has introduced RPOW, another imaginative consensus calculation system, on the basis of the importance of decentralization. In order to find out various opportunities for the individuals to mine the square this consensus calculation used randomized strategy so that everyone can get equal chances to get square reward. The parameters of the chances of mining can be controlled by RPOW. By focusing on repetition of mining and hashing force of an individual, the troubled parameters can be balanced. For example, an individual will have more chances to mine the square reward and the last one will face greater trouble in mining, if he neither repeats mining or has hashing force nor has compared mining strategies. Thus everyone will have equal chances to mine square rewards. In this way, this appears to be a decentralized system where the danger of hacking or system assault and possibility of union of hashing power reduces. Moreover, the chances of producing unknown and duplicate records for mining get reduced by mixing RPOW with the convention of mirror identity as the identity mapping helps in mapping on-chain information whereas off-chain identity remains unsolved. It guarantees the honesty and safety of the decentralized system In other words, it can be said that the intensity of aggregate hashing of the mining pools can be reduced, wastage can be controlled and stability of the entire network can be increased by 100 times by using RPW consensus calculation. The main problem is guaranteeing consistency in a distributed network. To do this consensus algorithm is used. Delays in communication within the network are necessary due to involvement of many nodes in a distributed network. Many complications are faced by these nodes including fault, inefficiency and downtime. In case of Blockchain, it is necessary to defend against the attack of several malicious nodes along with considering all these factors to maximize the achievement of decentralization. For this reason, consensus algorithm is most worthy and important for further optimization and research on Blockchain. Beside it, you should also consider that a perfect consensus algorithm can maintain decentralization and ensure the speedy confirmation of transactions along with achieving the load of very high transactions. All the applications dealt by the entire network of Usechain do not rely on the main chain. Different application areas are handled by side chains, network sharding and other technologies divided between main chain and sub chains. According to the needs of particular applications, consensus algorithm will be considered most suitable while designing sub-chains.