Kiev: Ethereum will changeits algorithm of consensus very soon. This information appeared in the network.
As you
know, the second cryptocurrency by the capitalization operates on the
Proof-of-Work algorithm now and it seeks to go to Proof-of-Stake, one of the
developers of which is Sunny King.
At the same
time, King doesn't involved in the process of transition to a new Ethereum
consensus algorithm, he presents his own one - Supernode Proof-of-Stake (SPoS).
TheBitcoin Exchange Guide informs that the new protocol of Sunny King will
operates with the help of the "supernodes", which will participate in
the process of confirming transactions.
However,
for receiving the "supernode" status and rewards, the users will have
to purchase more powerful hardware.
King says
that the SPoS algorithm will help to millions of blockchains work in
parallel, without reducing the network bandwidth and without subjecting it to
hacking risks.
But even
King does not know when his SPoS algorithm will be presented to the blockchain
community, and some critics say about possible centralization of his novelty.