#Enq uses a hybrid consensus algorithm. The mining component is based on an improved version of Bitcoin-NG, which allows parallel mining of many different network blocks.
PoA miners can join the consensus to form teams of 64 participants.
Each team verifies 62 macroblock chains with 40 operations each and broadcasts them on the network.
Finally, the project also uses a process-proof algorithm to achieve consensus.
Miners will constantly check the balances of all the wallets in the system and thus receive a flexible award.
My closing thoughts :
It seems that the project wants to involve as many people as possible in this ecosystem because there is a job for everyone.
Although there is still much work to be done, it is a remarkable trading model. #ENQ
Alright , that's it for $Enq
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Let me know if you found this thread helpful. #Enq $Enq
On the 21st of June marked an incredible milestone for the #ergo network and ecosystem.
Nearly 8 months ago, core developer, Alex Chepurnoy, proposed an adjustment to the emission schedule of $ERG.
Why ?
The reason for this is simple: extend the mining rewards beyond the original eight year schedule.
This would give the #ergo team more time to effectively develop the necessary crypto economic SECURITY for the long-term sustainability of the blockchain.