AME Chain and its Consensus Mechanism.
06 Aug 2022, 12:06
AME Chain and its Consensus Mechanism
AME Chain uses Proof-Of-Authority (PoA) as the consensus method that gives a small and designated number of blockchain actors the power to validate transactions or interactions with the network and to update its more or less distributed registry.
PoA requires only a limited number of actors, the network can afford to update the blockchain more frequently by reducing the time between each block (Block time) and process more transactions (Block size) for processing fees close to zero (Transaction fees).
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