Understanding POW+A Algorithm
Last updated
Last updated
DANGNN mainnet is a distributed network with enhanced security for mining. It is securely compatible with the existing Ethereum Virtual Machine because it forked Ethereum, a stable network.
Therefore, it can use any application or solidity contract like Ethereum. The consensus mechanism is Ethash POW+A (PoW+Authority) and uses the GHOST algorithm, the basic Ethereum algorithm. It uses the base currency (DGC); the DGC unit was relocated to a lower unit of 10^16 than the ETHER unit (10^18).
Each DANGNN Coin block is secured with an encrypted signature and designed to allow mining with an address with mining rights. Mining rights are added either through contribution to DANGNN Foundation in the first Genesis block or donated addresses and voting system. All contents are recorded on the blockchain through the voting system in which addresses that create blocks while possessing the mining rights agree with each other. POW+A must run with privileges for the proof of work. Many coins contribute to the network by creating blocks using POW. Because POW uses high computing power and electricity, it is relatively inefficient and difficult to prove work in general. But, stable mining with low hash can be done in the secured system by POW+A. Due to this, proof-of-work can be done with only low computing power. Also, it can secure any attacks from other proof-of-work systems.