While there are few tech savvy people in the world, the one thing people who have been educated at higher education will know, but are not sure: What is the algorithm? Is it a mathematical physics formula for the old primary-secondary-high school studies? But it’s not supposed to be so simple in high-tech industries like the Internet or blockchain, is it?
So if you’re always learning new things with this kind of question, it’s definitely going to be an obstacle. After all, the underlying problems before you have not been solved, and when you encounter something deeper, of course you’re a little panicked, and you’re thinking about the problems before you. But actually, the editor told you, it’s not that hard to think about it from a different perspective, if you put this problem aside or forget it, it’s also possible, because it’s not complicated, it’s not that important.
So the first thing to tell you is that a lot of people have a right intuition, and in the blockchain world, these so-called algorithms are no longer simple formulas, and in the NGK public chain there’s a very deep algorithm called the BFT-DPOSS consensus algorithm.
Many people have heard the POS and POW algorithms of the previous BTC and ETH era, but because of the age of old, and the incompatibility with each other, NGK public chain no longer wants to go back to the “old road” of the previous generation, but has developed a more advanced consensus algorithm on its own.
The full name of DPOSS is Delegated proof of stake & service, which is based on the original DPOS algorithm. As you know, there are 21 block producers in the NGK.IO ecosystem, each node should have a very important form of power, but in the traditional DPOS algorithm, block producer is not actually given a lot of due responsibilities and obligations, which also a great extent to hinder the ecological development of those public chains.
At the same time, the existence of the DPOSS algorithm in the NGK.IO ecology plays the role of block producer rights to carry on, let the DAPP developer to take the responsibility, as everyone knows, NGK public chain provides to the DAPP developer a comprehensive platform, you can develop your own side chain and DAPP, even can issue your own digital currency. This reflects two benefits: One is to stimulate the enthusiasm of developers, and the other is to promote the ecological development of DAPP. This is really to embody the role of NGK public chain as a driver of the blockchain era, and to promote the concept of decentralized management of shared public office.
In addition, one of the significance of the DPOSS consensus mechanism is to make DAPP, which provides the actual “service”, a production node (BPS). Note that this argument cannot be reversed by the fact that there must be real service before it can be found by the DPOSS consensus mechanism. DPOSS combines three features perfectly: The trust characteristics of the alliance chain + the shared governance characteristics of the co-filing case, finally add the DAPP ecological server as the main chain ecological energy.