BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Bitcoin

Nervos Network Rooting for Proof of Work than Staking

by Favour Ajibade
Oct 10, 2022 - 12:00 am
in Bitcoin
Nervos Network Rooting for Proof of Work than Staking

Although many popular blockchains like Ethereum are moving from Proof-of-Work (PoW) to Proof-of-Stake (PoS) systems, the Nervos Network remains firm on using the PoW, stating that it is much more secure and understandable while it unveils its NC-Max, a zero-compromise consensus solution, in a Twitter thread published by the network on Saturday, October 8, 2022.

https://twitter.com/NervosNetwork/status/1578717666189402113?s=20&t=-yLHs_1TnD5CGeXjGs3Z4g

The PoW and PoS systems are used to validate transactions on different blockchains, and transaction validators on the networks are rewarded with minted tokens.

Nervos stated that the PoW system offers several advantages over PoS even though it requires a lesser amount of energy to operate as it consumes 2.62 megawatts on a continuing basis, as against 5.13 megawatts in PoS.

Nervos stated that long-term monopoly by PoW miners is impossible as it is subject to changes in regulation, energy production, and technology that justify continuous reinvestment by miners to stay on top of the game, unlike PoS, where miners are rewarded based on how much they staked.

They also noted that the PoS system doesn’t leave much room for new entrants to compete with early participants because rewards are given deterministically.

Additionally, they stated that the PoW is simpler and requires fewer assumptions, meaning the potential for security vulnerabilities is far less.

Nervos NC-Max

The Nervos NC-MAX was built based on Bitcoin’s Nakamoto Consensus, which has defended Bitcoin from multiple attacks. It was designed to improve block propagation and throughput and prevent selfish mining.

Selfish mining is a practice whereby some miners secretly get a larger share of mining rewards while contributing less hash power to the network. It weakens the overall network security.

To improve block propagation, Nervos NC-Max split the transaction confirmation process into two steps: Propose and commit. A transaction is first proposed to the network and confirmed after several blocks have been verified. This gives more time for a transaction to propagate without slowing block propagation.

The NC-Max also improves block throughput by automatically adjusting block intervals based on network performance. Additionally, it prevents selfish minting as it takes note of miners’ actions.

Tags: PoSPoWStaking
Favour Ajibade

Favour Ajibade

Favour Ajibade is a content writer and crypto lover from Nigeria who is passionate about introducing Web3 and cryptocurrency-based technologies to the world through writing. He was first introduced to crypto in 2020 and was immediately intrigued. He is a student biomedical researcher and enjoys spending his free time reading and learning new things.

Related Posts

Green Minerals headquarters and Bitcoin symbol representing strategic investment deal

Bitcoin Inflows From 2024-2025 Break 15-Year Record, Hitting $625B

September 15, 2025

Bitcoin on-chain inflows reached $625B in 1.5 years, outpacing 15 years of growth. Institutional demand and Fed policy...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Wall Street Veteran Jordi Visser Predicts Big Bitcoin Allocation Boost by Year-End

September 14, 2025

Jordi Visser forecasts US institutions will increase Bitcoin allocations before year-end, boosting Q4 demand and setting up portfolios...

China Renaissance invests $100M in BNB through MoU with YZi Labs

China Renaissance Commits $100M to BNB in Landmark Treasury Move

August 22, 2025

China Renaissance invests $100M in BNB, signing MoU with YZi Labs to push adoption and regulated listings in...

BlackRock CEO Larry Fink speaking at the World Economic Forum

Bitcoin’s biggest Wall Street backer takes the wheel at World Economic Forum

August 15, 2025

BlackRock CEO Larry Fink joins André Hoffmann as interim co-chair of the WEF board, signaling stronger ties between...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service