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ADS creates the strongest PoS equity proof mechanism

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4 years ago

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 In 2010, in the early days of Bitcoin’s creation, BM challenged Satoshi Nakamoto and believed that Bitcoin’s consensus mechanism must be changed and proposed improvements.

 However, the arrogant Satoshi Nakamoto did not adopt it. After emphasizing the importance and necessity of Bitcoin decentralization, he responded aggressively: If you don’t believe me or don’t get it, I don’  t have time to try to convince you, sorry.

 Several years later, BM founded EOS and realized his own consensus mechanism.

 Since it is a rumor, let’s just listen to it.  But when it comes to consensus mechanisms, there are many things to explore.  With the development and evolution of technology, the current mainstream consensus is PoW, PoS and PoS variants. Which consensus is better has always been a hot topic for discussion.

 As we all know, the “impossible triangle” problem has become one of the important constraints in the development of blockchain. Therefore, whoever can better solve the problem can become the most ideal consensus mechanism.

 So, who is the “ideal country” of consensus?

 PoW gradually deviating from the spirit of Satoshi Nakamoto

 In Bitcoin mining, Satoshi Nakamoto designed PoW (Proof of Work Mechanism).

 Every 10 minutes, along with the generation of new blocks, the Bitcoin network will issue a certain amount of Bitcoin and reward it to the selected bookkeeping node.

 From the surface of this mechanism, PoW is a model that pays more for more work. With higher computing power and time spent, the more digital currencies you can obtain.

 However, it needs to consume a lot of energy to calculate the result of the hash function during its operation, which is easy to cause a waste of computing resources, because these operations themselves are not related to the value of the blockchain itself.  Moreover, the confirmation time of the block is difficult to shorten, and it is prone to fork, and it is necessary to wait for multiple confirmations.

 The new blockchain must find a different hashing algorithm, otherwise it will face a computing power attack.  At the same time, each time a consensus is reached, the entire network needs to participate in the calculation, and the performance efficiency is low.

 In addition, with the decrease of Bitcoin, the demand for computing power is getting higher and higher. In order to accelerate the speed of acquiring Bitcoin, a new method of mining resistance in mining pools has been born.  The emergence of mining pools has disrupted the balance of Bitcoin and other encrypted digital currency systems to a certain extent, and the Matthew effect has gradually emerged.

 So far, the pure PoW mechanism has no SHD completeness at all, and it deviates from the original intention of Satoshi Nakamoto.

 “Perfect Alternative” PoS

 So PoS (Proof of Stake Mechanism), which is considered to be able to replace PoW, appeared.

 The main difference between PoW and PoS is how to determine the voting rights in the blockchain consensus.  In PoW, the voting power is proportional to the computing power of the node; in PoS, the voting power of the system is proportional to the proportion of equity held.  Once PoS was proposed, it was favored by people.

 Compared with PoW, PoS will have a great improvement in performance, but it is also limited.  And limited by defects such as the issue of TOKEN and the difficulty in determining the number of accounting nodes, it still cannot be a perfect alternative to PoW.

 Secondly, the PoS system requires a highly secure network to resist hacker attacks. Currently, there is no public chain with such strength.  What’s more deadly is that in the PoS public chain, the block-producing rights of the blockchain can only be determined by the head player, which makes the PoS public chain a network that is essentially monopolized and dominated by giants.

 From this point of view, PoS cannot be a perfect alternative to PoW, so people began to think about whether the original mechanism can be changed, including BM, which was originally taken by Satoshi Nakamoto.

 Fortunately, those who still have “consensus ideals” have never stopped exploring. Among them is the original VDS development team. The APoS mechanism they proposed may be a fire of hope that ignites our consensus ideals.

 APoS: the original intention of the regression algorithm

 Looking back at the evolutionary law of the consensus mechanism, we found that there is no consensus mechanism that can solve the problem of SHD completeness. Can the two types of consensus be mixed so as to integrate the advantages of the two while avoiding some drawbacks?

 When the VDS development team encountered a bottleneck in the VDS public chain 2.0, they were inspired by Polkadot and proposed a ring resonance proof of stake algorithm (Λ Proof of Stake, APoS), also known as the cosmic constant algorithm Λ-Dimension.

 The VDS development team creatively improved and combined PoS and PoW algorithms to form a resonance APoS consensus mechanism.

 On the one hand, APoS returns to the original spiritual core of Bitcoin-decentralization. On the other hand, it solves the “impossible triangle” problem based on game theory mechanism design and Nash equilibrium thinking, and achieves security, efficiency, and decentralization.  Compatible, and finally constructed a “blockchain technology system that is more in line with the current economic and financial structure needs than the original Bitcoin algorithm mechanism.”

 The consensus algorithm itself is beautiful, but we increasingly lose sight of its true colors.

 The reliability of mathematical algorithms is based on its preconditions.  The accuracy of mathematics is conditional. Every theorem has certain preconditions and assumptions, and these preconditions cannot be proved by mathematics itself but need to be established and verified through analysis of the real world.  These preconditions will also be tested in the constantly changing real world.

 Today, ADS based on the APoS consensus mechanism has conducted multiple internal and public testing of the code, and has made corresponding optimizations and improvements in response to the problems that have arisen. According to the official report, ADS will be global on March 1, 2021, Singapore time 17:  00 is open for registration and subscription. In the kernel period, about 15,000 internal testers in the 123 ring will open the exchange to mix and trade about 10 days after the ring is full.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

UVKXE Releases Anti-Scam Guide, Enhancing User Security Protections

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11 hours ago

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November 23, 2024

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DENVER — Recently, the globally renowned cryptocurrency trading platform UVKXE has published its latest anti-scam guide to address the escalating threats of online scams, establishing a comprehensive protective barrier for users worldwide. The guide focuses on various scamming tactics prevalent in the cryptocurrency sector, highlighting what users should be aware of during transactions and asset management, while also providing effective preventive measures.

Kevin Anderson, CEO of UVKXE, noted: “As the cryptocurrency market continues to expand, more cybercriminals are turning their attention to cryptocurrency users, developing sophisticated scam techniques. As a well-known platform in the cryptocurrency trading field, UVKXE has a responsibility to help users identify and mitigate these potential risks. Through the release of this anti-scam guide, we aim to further enhance user awareness and safeguard their digital asset security.”

The guide outlines the common characteristics of these scams, such as phishing emails that typically use UVKXE or similar official-sounding names, along with forged logos and links, to deceive users into providing their login credentials and sensitive information. It also advises users to always choose official channels when downloading applications to avoid malicious software. Furthermore, UVKXE emphasizes that the platform will never proactively request users to provide sensitive information such as passwords or verification codes in any form.

In addition to the anti-scam guide, UVKXE will launch a series of interactive activities, utilizing community forums and video tutorials to educate users about safety knowledge and help them recognize and respond to potential threats. The UVKXE security team stated that these activities will not only provide real-time updates on scams but also offer users opportunities for direct communication and inquiries.

The investment in technology and education is reflected not only in the publication of the anti-scam guide but also in daily operations and maintenance. Kevin Anderson concluded: “Every protective measure and security technology implemented by UVKXE is designed to ensure the safety of user assets. In the future, we will continue to advance this mission, providing users with safer and more convenient cryptocurrency trading services.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Press Release

UVKXE Clarification Statement: A Legally Compliant Trading Platform with International Accreditation

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11 hours ago

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November 23, 2024

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DENVER — Recently, the Securities Commission Malaysia (SC) published a list on its official website of cryptocurrency trading platforms that have not met its local registration requirements, mentioning UVKXE. UVKXE takes this matter seriously and wishes to clarify its credentials and compliance status to its users.

Global Compliance Credentials of UVKXE

UVKXE is committed to operating under legal and compliant principles, upholding a user-first core value. The platform has obtained several certifications from international authoritative regulatory bodies, including but not limited to:

U.S. MSB License
UVKXE has obtained the MSB license issued by the U.S. FinCEN. This certification represents the highest recognition by the U.S. government for financial service institutions, ensuring that UVKXE can legally conduct cryptocurrency-related business.

U.S. SEC License
As one of the few cryptocurrency trading platforms registered with the U.S. Securities and Exchange Commission (SEC), UVKXE complies with securities and investment-related legal regulations, providing users with a safer and more transparent investment environment.

Background on the Malaysian Public List

The list published by the Securities Commission Malaysia mainly targets trading platforms that have not met local registration requirements, such as Binance and Bursa Malaysia, rather than denying the platform legality. UVKXE has obtained multiple authoritative licenses internationally, and its compliance is beyond doubt. UVKXE is in communication with relevant departments to understand local specific regulations and to advance the registration process, ensuring compliance with local market requirements.

Commitment to Legal Compliance and User-Centric Values

UVKXE will use this event as an opportunity to further enhance its global compliance framework, actively adapting to regulatory environments in various countries, and providing users with more professional and diversified financial services. We sincerely thank all users for their trust and support! UVKXE promises that no matter where it operates, the platform will always adhere to the core philosophy of “user-first”, moving together with global users towards a safer, more open, and transparent new era of the digital economy.

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

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Press Release

UVKXE Strengthens Security Strategy, Leading Innovations in Anti-Scam Technology for Crypto Platforms

Published

11 hours ago

on

November 23, 2024

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DENVER — Recently, the globally recognized cryptocurrency trading platform UVKXE officially announced the completion of its latest security system upgrade. This upgrade significantly enhances the cybersecurity defenses of the platform and introduces cutting-edge anti-scam technologies. Through this technological update, UVKXE demonstrates its commitment to user asset security and proactive measures against potential future cyber threats.

Kevin Anderson, CEO of UVKXE, stated: “User trust is the foundation of UVKXE, and ensuring the security of user assets is always our top priority. This security system upgrade incorporates AI deep learning, real-time risk control, and efficient anomaly detection algorithms, aiming to create a safe and trustworthy trading environment for users. We will continue to optimize the security measures for user assets, ensuring that every user can trade confidently on UVKXE.”

The focus of this security system upgrade is primarily on anti-scam technologies. In response to the ever-evolving online threats and scam tactics in recent years, UVKXE has strengthened its multi-layered protective mechanisms, effectively enhancing the security and responsiveness of the system. The upgrade introduces AI-driven anti-scam technology, which intelligently analyzes user behavior through deep learning algorithms, allowing for rapid identification and isolation of suspected scamming activities. The AI anti-scam system can monitor and analyze large volumes of trading data in real time, immediately freezing any suspicious transactions or account activities to safeguard user assets.

Kevin Anderson further explained: “Traditional anti-scam methods often rely on post-event analysis, whereas the new system of UVKXE can identify risks promptly before incidents occur, taking immediate action to prevent losses.”

In terms of anomaly detection, the system of UVKXE combines the transaction histories, asset conditions, login locations, and other multidimensional data of users to accurately pinpoint potential security vulnerabilities. Through anomaly detection technology, each user login and transaction can be monitored in real time, with timely alerts prompting users to confirm actions, further enhancing the security of the platform.

Kevin Anderson concluded: “We hope every user can enjoy a secure trading experience on UVKXE. By continually optimizing our security strategies, we aim to provide a safer and more convenient cryptocurrency trading experience for our users.”

Media Contact:
Company Name: UVKXE CRYPTO TECH CO.,LTD.
Company website: https://www.uvkxe.co
Contact person’s full name: Mayang
Email id: mayang@uvkxe.co

Disclaimer: This content is provided by sponsor. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

About Author

Cloud PR Wire

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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