What sets Zilliqa apart from other cryptocurrencies in terms of its consensus mechanism?

5 answers

• Moore AllisonDec 27, 2023 · 2 years ago
  Zilliqa's consensus mechanism, known as Practical Byzantine Fault Tolerance (PBFT), sets it apart from other cryptocurrencies. PBFT ensures fast and secure transaction confirmation by allowing a network of nodes to reach consensus on the validity of transactions. Unlike traditional Proof of Work (PoW) mechanisms used by cryptocurrencies like Bitcoin, Zilliqa's PBFT does not require extensive computational power, making it more energy-efficient. Additionally, Zilliqa's sharding technology enables the network to scale by dividing the workload among multiple shards, further enhancing its transaction processing speed.
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• SheksterSep 11, 2024 · a year ago
  Zilliqa's consensus mechanism is designed to address the scalability issues faced by many other cryptocurrencies. By utilizing sharding and PBFT, Zilliqa can achieve high throughput and low latency, making it suitable for applications that require fast and secure transactions. This sets Zilliqa apart from other cryptocurrencies that may struggle with scalability and transaction speed.
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• Theppitak M.Feb 28, 2022 · 3 years ago
  Zilliqa's consensus mechanism, PBFT, is one of the key factors that make it stand out among other cryptocurrencies. PBFT allows for fast and secure transaction confirmation, ensuring that transactions are validated and added to the blockchain efficiently. This consensus mechanism also contributes to Zilliqa's ability to handle a large number of transactions simultaneously, making it a promising platform for decentralized applications (dApps) and smart contracts.
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• Shivam TiwariJul 20, 2020 · 5 years ago
  When it comes to consensus mechanisms, Zilliqa has its own unique approach. With PBFT, Zilliqa achieves consensus by allowing a network of nodes to agree on the validity of transactions. This consensus mechanism ensures fast transaction confirmation and high network security. Compared to other cryptocurrencies that rely on PoW or Proof of Stake (PoS), Zilliqa's PBFT offers a different and innovative solution to achieve consensus.
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• Teodor IgnatOct 28, 2021 · 4 years ago
  Zilliqa's consensus mechanism, PBFT, is a game-changer in the world of cryptocurrencies. With PBFT, Zilliqa achieves consensus by allowing a network of nodes to agree on the validity of transactions. This consensus mechanism not only ensures fast and secure transaction confirmation but also enables Zilliqa to scale efficiently. By combining PBFT with sharding, Zilliqa can handle a large number of transactions simultaneously, making it a top choice for developers and users seeking scalability and high throughput.
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