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  1. WhitePaper

Proof of Web3 Consensus Mechanism

Hybrid Mining & Web3AnthillAlthough it seems that Ethereum's transition from PoWo to PoW and the relatively new networks started directly as PoW have eliminated the need for miners, validators in PoW systems have undertaken the technical requirements such as providing and maintaining servers.

Implementation

Proof of Web3 (PoW)

Proof of Work (PoWo)

Proof of Stake (PoS)

Delegated Proof of Stake (DPoS)

Proof of Authority (PoA)

Accessibility

High

High

High

Low

Low

Decentralization

High

Yes

Partially

Partially

Low

Scalability

High

Low

High

High

High

Low Latency

Yes

No

Yes

Yes

Yes

Transparency

High

High

High

Partially

Low

Smart Contract

Yes

Limited

Yes

Yes

Yes

Security

High

High

Partially

Partially

Partially

Network Intensive

Partially

Yes

Partially

Partially

No

Web3time argues that mining needs to go beyond providing servers to users who are already on the blockchain network and are in focus. In addition, it has been determined that since mining requires such technical knowledge that only experts have, it cannot create sufficient resources to direct the future of blockchain technologies and meet the needs of the end user.For this reason, the hybrid mining system Proof of Web3 (PoW), exclusive to Web3Chain, allows people to directly contribute to the whole ecosystem and lead the ecosystem – as well as systems that work directly integrated with the network – in both technical and social contexts. The mining system offers 3 different options, each with its decision-making mechanisms that contribute to the ecosystem.

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Last updated 1 year ago