Ultron Foundation | Ultron’s Consensus Algorithm | |
Ultron employs a asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake consensus mechanism. There are many technical details involved in aBFT consensus mechanisms (which you can read about on Ultron’s website), but the TL;DR is that less data is passed between nodes and they reach a consensus faster, while maintaining network security and decentralization. In addition, Ultron boasts the quickest time-to-finality (TTF) at approximately one second. Time-to-finality is the duration between the transmission of a transaction and its “completion” (meaning uit is impossible to be reverted). This is effectively a measurement of a blockchain’s latency, and in some circumstances, it is the determining factor for the sustainability of a project on a blockchain. Bitcoin’s TTF, for reference, is sixty minutes. Imagine waiting an hour for Starbucks to approve your credit card. The Ultron project was designed to be interoperable with the Ethereum Virtual Machine (EVM), which means that anything developed for Ethereum may be readily integrated into Ultron. It is one of the first large-scale layer-1 chains to be universally cross-chain compatible. Most other layer-1s disregard blockchains that are incompatible with EVM, such as Solana, because they make integration difficult. Integration with Solana-based projects, such as Serum, will allow Ultron to directly benefit from the effort put into developing highly scalable automated market makers, which has permitted the rapid expansion of the Solana ecosystem. Momentum is undeniably important in the world of DeFi and cryptocurrency, and Ultron certainly has that. For more information on the Ultron project, you can visit its website at: ultron.foundation. | |
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| Target State: New York Target City : Ellicottville Last Update : Dec 19, 2024 12:45 AM Number of Views: 11 | Item Owner : Ultron Foundation Contact Email: Contact Phone: (716) 699-8996 |
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