ANS ANTSHARES AND WHY IM IN A LONG HOLD POSITION
Hi again steemer's, I'm still getting used to using this platform, its been pretty sweet so far and I'm really impressed with some of the content here so kudos to you all.
Now lets talk about Antshares, in my opinion it is one of the most undervalued cryptocurrency circulating the market as we speak, it originates from china and we all know when china takes something on board, you better be buckled up.
Now Antshares does not operate under Proof of work POW or Proof of stake POS, it is instead synced and keeps up to date via a new emerging alternative solution with the acronym of dBFT- Distributed Byzantine Fault Tolerance Algorithm which I quote from an article written by Lori Brown on may 18th 2017 as follows...
"A dBFT blockchain achieves consensus via the specially appointed, professionally-operated nodes nominated by ordinary nodes through delegated voting. One of these special nodes will act as a "Chairman" for each newly forged block and broadcasts their version of the blockchain; if two thirds of the other nodes agree, consensus is reached. In the event, consensus is not reached, another node is appointed as "Chairman" until two thirds of the remaining nodes agree.
Consequently, the rate of transaction handling is much faster and more energy efficient than the alternatives as there is no number crunching or computational puzzles involved."
Now lets take this seriously for a second, that is some innovative idea that does not just come up in a standard conversation, I am not a fundamentalist trader, i don't usually care for news, but this one seriously caught my attention and i look forward to its bright future in the many years to come.
Rev Nissan
Thanks bro for the article.
Interesting, I had not realised that Antshares had developed their own solution to the Byzantine Generals problem. Sounds like masternodes that each may elect master-masternodes to verify consensus among the regular masternodes. Failure to verify consensus leads to recalling that master-masternode and the election of another master-masternode that will approve wider consensus from a bottom up perspective.
This is kinda how syndicalism works in IRL decision making, I like it. Thanks Revv, and welcome to Steem!
yes its quite incredible the innovation behind it and also releasing 2.0 shortly should be incredible
Game changer? "Consequently, the rate of transaction handling is much faster and more energy efficient than the alternatives as there is no number crunching or computational puzzles involved..."
massive game changer, business will love this, and where business goes.... dollars go
Hi Revv where You HODLing antshares?
just on the exchange for the time being as i download their wallet of their main web page
Hi, one big advantage of not holding ANS at an exchange but in your ANS wallet is that you get free ANC. You can read it here https://steemit.com/antshares/@frank77/antshares-paper-wallet-public-address-and-private-key
Hi @revnissan Just started following you. I've just sold my ETH and bought ANS (losing 50% of my portfolio value in the process!) so hoping ANS really does something good.
did you hold @bangkokbrit?
I hope you held and done well