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3 months ago
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One of the developers of the consensus algorithm Proof-of-Stake Sunny King is preparing a new protocol for confirming transactions in blockchain. The consensus algorithm called Supernode Proof-of-Stake (SPoS) will be different using special equipment, according to the Bitcoin Exchange Guide.

For projects to work on the SPoS protocol, computers with a large amount of memory – “supernodes” – will be needed, which will require the concentration of the stacking pools. Besides that, they should have the same voting rights.

The goal is to create a platform on which millions of blockchain can work simultaneously without compromising security. In addition, according to King, the SPoS algorithm will be much more energy efficient than the Proof-of-Work (PoW) protocol. Nevertheless, some members of the community have already criticized the idea because of the perceived threat of centralization.

It is expected that due to the use of the SPoS protocol, the blockchain system will get unprecedented scalability.

Note that the release date for the SPoS protocol is unknown. It is known that the new algorithm, possibly, will be implemented in the project of Sunny King Virtual Economy Era (VEE). The launch of VEE should take place on September 17, but at first the project will work on the familiar PoS and PoW algorithms.