SalmonChain using Blockchain HPoS Consensus

The blockchain consensus mechanism works to ensure there is agreement among the participants on the current state of the blockchain. The consensus mechanism determines who can add a new block of transactions, and one of its main goals is to ensure that the chain cannot be rewritten.

What is Hybrid Proof of Stake (HPoS) consensus?

HPoS is a combination of Proof of Work and Proof of Stake, where the two mechanisms work together to ensure network security. Under this rule, the miner generates a new block and the validator selects its

Hybrid PoS/PoW is often referred to as a mix between Proof-of-Work and Proof-of-Stake. It is a way to secure the network using both of these methods: the PoS works alongside the PoW system to further secure the blockchain. Usually, in such implementation, miners produce new blocks via PoW, and PoS validators then vote on the validity of these.

Proof of Stake can make the following improvements to Proof of Work:

• There is no need to consume large amounts of electricity to secure a blockchain (e.g. it is estimated that both Bitcoin and Ethereum burn more than $1 million in electricity and hardware costs per day as part of their consensus mechanism).
• Not necessary to issue a lot of new coins to motivate participants to keep participating in the network. It’s even theoretically possible to have a negative net issue, where a portion of the transaction costs are "burned" and supply drops over time.
• Prevent centralized cartels from forming and if they are formed from acting in ways that are harmful to the network (e.g. such as selfish mining in proof of work).
• Reduces the risk of centralization, as economies of scale are less of an issue. $10 million coins will give you a return 10 times higher than $1 million coins, without a disproportionate additional profit because at higher tiers you can buy better mass production equipment.
• Ability to use economic penalties to make various forms of 51% attacks vastly more expensive to carry out than proof of work.

The aim of the Hybrid Proof of Work and Proof of Stake systems is to take advantage of both approaches and use them to balance each other's weaknesses.

Salmonchain HPoS consensus

Salmonchain using blockchain HPoS consensus a superior deterrent against majority attacks by increasing hashing power by node selecting 21 stakeholder validators.

The aims Salmonation $SUI’s is a digital currency that takes HPoS in a recognizable form and combines them together to produce a multi-factor or hybrid consensus mechanism.

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