Cryptocurrency

What is the Proof of Significance (POI) algorithm?

要 Proof-of-Importance is one of the most important innovations of NEM in the blockade industry. This algorithm was introduced to improve and enhance business activities, which uses network theory to evaluate the importance of each account on the network. This method helps to ensure that all computers in the network agree with each other and prevent users from having access to queens that are not available. The POI is similar to the Proof Of Stake; each node needs some money to create blocks. The importance of each user in the NEM network is determined by the amount of assets and the number of transactions made out of his wallet. To enter validation calculations, you must have an account with at least 10,000 XEM. Important users can pick up and win a prize.

Posted using Partiko Android