PPOS Consensus: PACIFIC Cybersecurity Maintainer

 

With the development of network technology, human history has been continuously promoted by the times. With the advent of the era of big data, the era of Internet +, and the era of blockchain, people's lifestyles have undergone earth-shaking changes. With the development of Internet technology, our way of life has become more digital and more convenient, such as our finances, social interaction, consumption, geographic location, etc., which have become our digital assets.

 

The new digital economy promotes digital assetization

Blockchain technology is based on the Internet. It builds an efficient and reliable value transmission system, promotes the Internet of Things to become a network infrastructure for building social trust, realizes the effective transfer of value, and turns it into the Internet of Value. We have noticed that blockchain provides a new type of social trust mechanism, laying the foundation for the development of the digital economy and accelerating digital assetization.

Blockchain is a peer-to-peer, decentralized, and secure sharing architecture that allows value contributors to share data and resources that were previously unwilling to share. The data and resources that the blockchain can open will be wider and more than the Internet. On the Internet and blockchain, the digital assets of each of us are massive. The technological combination of our digital assets and intelligent virtual identities can create a new digital economy—the economic system of artificial intelligence.

 

PACIFIC promotes digital assetization

Pacific Trading Platform (PACIFIC) is committed to building a world-leading digital asset trading platform with "value decentralization", with "trading as mining, promotion as revenue, and contribution as value" as the construction guide, making full use of blockchain, intelligent A technical system composed of contracts, AI, big data, 5G, Internet of Things, cloud computing, edge computing, etc., has built a set of one-click trading, spot trading, block trading, contract trading, leveraged trading, Staking, Launchpad, DEX, investment research The digital asset ecology integrating the center, innovation system and asset security system.

And created a value-decentralized platform currency economic model that leads the world, realized the historic transformation of production relations of "users are shareholders", attracted global digital economy participants to build, co-govern and share, form an international consensus DAO organization, and Constantly expand the ecological boundary, and finally form a strong, systematic, organic and shared digital economic ecology, which greatly promotes the historical process of the digital asset era, and explores and creates revolutionary value of the era.

 

PPOS consensus empowers the development of trading platforms

PACIFIC adopts the PPoS consensus mechanism, which is fully compatible with the Ethereum Virtual Machine (EVM) on the basis of supporting high-performance transactions, and supports up to 101 validator nodes.

Shorter block time, as compatible as possible with Ethereum, decentralization, PPoS consensus. Although Proof of Work (PoW) has proven to be a practical solution for implementing a decentralized network of value, it is not environmentally friendly and requires a large number of participants to maintain network security. Ethereum and some other networks use Proof of Authority (PoA) or its variants in different scenarios, including test nets and main nets. PoA provides defense against 51% attacks, and more effectively prevents some Byzantine nodes from doing evil. However, the PoA protocol is not decentralized enough, and the validator has great power, which is prone to corruption and security attacks. Therefore, some blockchain projects introduce other consensus schemes on the premise of ensuring network security and stability without losing centralization, such as Delegated Proof of Stake (DPos) adopted by EOS and Cosmos, allowing token holders to vote for elections Validator nodes make the network more decentralized and facilitate community management.

 

Features of Pacific POS Consensus

Adhering to the principle of value decentralization, without losing network stability and security, it combines the characteristics of PoS and PoA to achieve PPOS consensus. Features of Pacific POS Consensus:

(1) Blocks are generated by up to 101 validating nodes

(2) Anyone can become a verification node through the corresponding rules without any permission

(3) The verification nodes take turns to generate blocks. When the node produces blocks normally, the difficulty is 2. When the blocks are not produced in the predetermined order, the difficulty is 1. When the block forks, the chain with the highest difficulty is selected.

(4) Anyone can pledge their trusted nodes

 

Epilogue

Blockchain technology makes our digital assets intelligent, gives life to data, visualizes and revives data, and establishes a new artificial intelligence economy. PACIFIC applies blockchain technology to promote the innovation and development of the financial industry, so that everyone related to finance can enjoy the intelligent life that blockchain technology brings to us, and can show a variety of freer, more ideal and more Fun virtual self. We have the right to decide how to publish our personal digital products, how to incentivize the developers of the programs, and how to charge the users of the information.

Digital application technology promotes human progress, and blockchain accelerates the pace of digital assets. The birth of PACIFIC, the Pacific trading platform, will open up the great revolution of Metaverse + NFT + blockchain.