The largest Ethereum platform is considered as the foundation for the blockchain construction, the type of consensus is D-PoS. The type of blockchain is public.
This type of blockchain with D-PoS consensus has a number of advantages compared to conventional decentralized PoS; has high scalability, fast data processing speed, and its network security status is supported by a limited number of public verified validators. Let’s indicate other advantages:
it makes it possible to quickly update and improve the functionality of the system;
Verified Validators (KYC / AML), which will not be able to provoke a 51% attack risk (otherwise, a fine is a loss of a node and a token steak);
cheaper transactions, because they are checked by a small number of high-performance nodes;
in a D-PoS system, the TPS (transactions per second) parameter can be larger than in PoS networks and, as a result, a high rate of transaction confirmation.
The ecosystem suggests using the following types of tokens:
ERC-20 standard has a set of rules that must be followed in order to be able to interact with other tokens in the network. It is used to tokenize liquid currencies used for the transaction, for example, a stable currency.
ERC-721 standard is a token with unique characteristics, a tokenized real valuable asset.
ERC-1155 — a unique lot, consisting of several digital assets.
Blockchain Barter | Ecency
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