How advanced is the loopchain-based LFT algorithm compared to PoW and PoS in regards to the speed and transaction processes?
Modified on: Thu, 13 Dec, 2018 at 9:18 AM
The former consensus algorithms, including the PoW and PoS, required all nodes to reach a consensus by deciding the validity and priority of the blocks. These methods limited performance and scalability, while demanding compensation for miners. Through resolving the problems of the former algorithms, LFT is an enhanced algorithm with no chance of disturbance by malicious nodes and reduced communication errors.
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