While this style of consensus has been heavily criticized for its centralizing nature, DPoS blockchains tend to process transactions a little quicker than Proof-of-Work blockchains like Bitcoin or Ethereum. In this framework, “traditional” cryptocurrency miners are replaced by a select group of “block producers,” elected by other blockchain participants to validate transactions. It uses a system similar to the Delegated Proof-of-Stake (DPoS) model utilized by the EOS network. Readers would be forgiven for having flashbacks of December 2017, when a meteoric rise of an Ethereum dApp called CryptoKitties rendered the entire network barely usable.Īt the time, Ethereum’s blockchain was just not ready to handle so much on-chain traffic, and the effects of those revelations are still being felt today.īut the key difference here is that Kin’s blockchain runs on a different consensus method than Bitcoin or Ethereum. This includes earning, spending, and peer-to-peer (sending and receiving) transactions,” a Kin spokesperson told Hard Fork. It’s especially so considering all of the tokenized in-game activity will reportedly take place entirely on the Kin blockchain – including real-time account and wallet creation. This is quite a lofty endeavour from the Kin Foundation, the group that’s both tied heavily to the Kik messenger service and behind the Kin cryptocurrency. CryptoKitties 2: Kin Foundation Boogaloo? There is also functionality for studios to purchase additional cryptocurrency to inject into their in-game economies to support growth.
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