Consensus
Last updated
Last updated
As discussed earlier, entropy adopts a Proof of Authority (POA) consensus algorithm to reduce the verification time of transactions and ensure fast end. We operate on a fixed basis, not added or reduced, based on 21 nodes. This reduces the number of nodes to reduce the time required for validation and shortens the block generation cycle to enable fast transaction processing, thereby improving the throughput of the network. POA can handle transactions with minimal fees, and processing speed is also very fast. Transaction creation in the POA-based 'quorum' blockchain protocol has improved transparency, giving publishers access to data in near-real-time
While public blockchains have high transparency in transaction verification due to unspecified participation, there is still a possibility of a Rug-Pull incident in the Scam project or a hacker attack. This is often caused by the unauthorized nature of the verifier that most public blockchains have. Entropy provides a permission stage for the participation of the verifier, allowing only reliable and identified participants to participate in the verification, simplifying verification and achieving end-to-end safely and quickly.
To participate as a validator, you must be a member of the Entropy Foundation, which jointly operates Entropy, and to become a member, you must obtain approval from the Entropy Foundation, and if rejected, you cannot participate as a validator. Approval will be completed through a formal contract with the legally effective Entropy Foundation. The Entropy Foundation will communicate and listen to the company or community participating as a validator before signing the contract.
Changes or withdrawal of the verifier will be made through a vote in the entropy foundation. If you participate as a validator, you will run Validation through a trusted account and private key. Any verifier who believes there is an operational problem may be penalized and disqualified through the Entropy Foundation at any time. In line with the purpose of the service of the entropy blockchain, we plan to expand the participation of verifiers to various NFTs or blockchain communities by country, not limited to trusted companies. This will create an expected effect with more people participating in one validator operation. Each validator will be managed and operated by the community group name or company name of the participating country.
