The Concept of Staking and Transaction's Validation on DMD Diamond Blockchain. What you should know.
14 Sep 2022, 09:17
🗣️ The Concept of Staking and Transaction's Validation on DMD Diamond Blockchain. What you should know!
Staking and Validation of transactions are two unseparated lingos when it comes to blockchain operability, and DMD diamond blockchain isn't an exception. While some blockchains (like Bitcoin) aren't using staking and validation principles of transactions, all due to using Proof of Work consensus (PoW), others (like DMD diamond blockchain) uses Proof of Stake consensus (PoS) that permit staking and validator nodes to validate transactions made on such blockchain.
In those blockchains that use Proof of Work Consensus (PoW), highly exorbitant processing power is used in validating transactions. Miners compete to solve a cryptographic puzzle. The first to solve the puzzle becomes the winner, and earns the right to add the latest “block” of verified transactions onto such blockchain, and inturn, get incentivized with some crypto.
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14 Sep 2022, 09:35
The principle of staking and validation of transactions on DMD diamond blockchain. Read 👇
The principle of staking and validation of transactions on DMD diamond blockchain. Read.
The principle of staking and validation of transactions on DMD diamond blockchain. Read 👇
https://t.co/l3AL7XZCge