๐ก๏ธThe Lattice Network AIDPOV Consensus Protocol
Lattice Network designed an AIDPOV consensus protocol for global agreement. A multi-dimensional Block lattice structurepowers our proof-of-vote (PoV) consensus algorithm.
Unlike Proof-of-Work and Proof-of-Stake, which require miners to solve complex computational problems to verify transactions and secure the blockchain, Proof-of-Vote does not use mining at all. This means that a blockchain secured by Proof-of-Vote is fully eco-friendly. Using a Proof-of-Vote consensus algorithm allows every account to freely choose a representative at any time to vote on their behalf, even when the delegating account itself is offline. Additionally they are fault tolerant and contain very strong mathematical proofs to ensure their security and stability. These representative accounts are configured on nodes that remain online and vote on the validity of transactions they see on the network. The validity of a transaction is determined by rules set out in the blockchain, which when the software is open-source (as LATTICEs software is), specifies how transactions are to be validated. These rules prevent the network against malicious or dishonest nodes.
Last updated