I am wondering is LRG secured? How does Largo ensure security?
PoS. You must know it already. Proof-of-Stake is a tool to ensure highest security of Largo that costs no increasing consumption of computing powers.
How does it work? If PoS really have that beneficial function in securing Largo, which side does it work?
There are many ways that a POS can prevent data breaches or accidental data mishandling.
Proof of Stake (PoS) is a system of securing cryptocurrency networks through user requests to determine ownership of a certain currency.
This is different from a Proof-of-Work system that runs a hashing algorithm to validate electronic transactions.
So, for what has been utilized on Largo, does the algorithm used is Delegated Proof-of-Stake or just Proof-of-Stake?
Not really sure about this but lemme just answer based on my so-far knowledge. I think Largo simply utilized the PoS, rather than DPOS. CMIIW.
I see. Anyway, DPOS algorithm is always better in some way compared to PoS, for me personally.
Well, FYI, DPOS is more efficient rather than POS. Youre right, they are the same in some ways actually. One difference is that DPOS use a real-time voting with a system based off of reputation to reach consensus.
That is a good information from you. I think Largo has already decided a great work to choose PoS, not PoW. With that being said, DPoS will be a good future too for LRG, maybe they will utilize it in the future bcs... who knows?
Well said. I am looking forward for that. The future is near, hope the team will take action asap.