3 ms·
"The consensus mechanism, called Open Representative Voting (ORV), also provides useful differentiation from other networks. Consensus is reached through repres
by donutloop 6y ago
"The consensus mechanism, called Open Representative Voting (ORV), also provides useful differentiation from other networks. Consensus is reached through representatives voting on the validity of individual blocks shared on the network. The voting weight for each representative is assigned to them by the account owners and is in proportion to the Nano in those accounts. Account owners can still use funds without restrictions as no staking is involved and the representatives have no control over funds, they just get voting rights from them."
ref: https://nano.org/ https://nano.org/
- als0 6y agoOK, so it's a proof-of-stake system in terms of how supply is distributed, and proof-of-work must be performed by clients as an attempt to prevent large scale spam. Those with the most coin get to greatly influence the correctness of the chain when forks occur.