What does the x11 algorithm primarily look at (a11 algorithm)
What does the x11 algorithm primarily look at? The x11 algorithm primarily looks
What does the x11 algorithm primarily look at? The x11 algorithm primarily looks at changing the consensus mechanism of encrypting and verifying the blockchain through a new cryptographic algorithm.
According to CoinDesk’s report, this proposal was put forward in a paper by Eric Ervin, a former Goldman Sachs trader and current senior analyst at JPMorgan. The paper discusses the impact of the Bitcoin Cash (BCH) fork on the Ethereum network and proposes an improved theory of “zero-knowledge proofs”, including extension technologies based on zk-SNARKs (such as zk-Snarks). This research is called “secure multiparty computation”, which uses complexity proofs to solve specific methods for a certain class of problems rather than other problems.
To make this new system more efficient, the author will use a new code library called x11 as its underlying framework. It first describes a decentralized distributed ledger platform (DDC) and merges it with existing Bitcoin nodes to run them on trusted hardware.
In addition, he stated, “We are building a new blockchain solution that allows developers to quickly implement the features they want.”
a11 algorithm
On January 11th, a11 algorithm is based on the Bitcoin Core’s a21s algorithm. It is designed similar to Bitcoin Cash (BCH), but with higher efficiency.
The core part of this protocol is a22, which is the first use of a17 consensus mechanism to solve mathematical extension problems in the Bitcoin blockchain. Unlike other algorithms, the Bitcoin community favors proof of stake consensus over proof of work.
According to recent research reports, “proof of stake” is much better than “ByzantiumPoS” (Byzantine Fault Tolerance). “We believe that as more developers adopt proof of stake and sharding technologies, as well as various new forms of proof of work systems, new and greater utilities will emerge.”
In addition, a11 introduces a new concept called b12: b1’s AMM (Automatic Market Maker). This product is called a2pool and aims to help diversify DeFi applications in the a11 network. (coindesk)
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