In June, Libra released a white paper. In the same month, Nervos CKB proposed a proposal called the NC-Max consensus mechanism.
Why does the blockchain need a consensus mechanism? Why do people like to discuss the consensus mechanism of the blockchain?
If it is in a centralized system, almost all rules are determined by the central system. In such a system, the center is the consensus.
However, the blockchain is a decentralized system. In the blockchain network, the way of reaching consensus among the nodes greatly determines the security, efficiency, and decentralization of the network. In the blockchain network, the consensus includes not only the consensus of the nodes guaranteed by the algorithm on the transaction history, but also the consensus of the community on governance, value, and the goal.
How will we reach a consensus faster and more accurately? What are advantages and disadvantages among PoW, PoS, DPoS, BBFT, NC-Max, and HotStuff? This seems to be a controversial topic.
Therefore, Nervos will set up the Beyond Consensus theme Meetup in July to discuss the different technologies and consensuses protocols of the different projects with blockchain enthusiasts to explore more possibilities for the blockchain in the future.
On July 17, Nervos Meetup in San Francisco, will discuss "Engineering".
On July 20th, Nervos Meetup in Shanghai, will discuss "Token Economics".
On July 27, Nervos Meetup in Shenzhen, will discuss "Mining or Staking".
What are you waiting for? July, Nervos Meetup, Beyond Consensus!
About Nervos Network
Nervos is building infrastructure for the decentralized economy with a layered architecture. The layer 1 protocol of the Nervos Network is the Common Knowledge Base (CKB), an open, public and Proof of Work based blockchain. Nervos CKB uses an adaptive Nakamoto Consensus, a RISC-V based virtual machine and a crypto-economic design for long-term value preservation - the native token CKB is designed to represent the right to occupy the state storage over time.
Nervos is founded by a team of Chinese developers with deep roots in the crypto space since 2013. Past projects built by the team include Ethereum clients (ruby-ethereum and pyethereum), Spark Pool, imToken and CITA. Early supporters of Nervos include China Merchants Bank, Sequoia Capital and Polychain.
Find more about us:
Official website: http://nervos.org/