Introduction of Hybrid Blockchain
Last updated
Last updated
A general private blockchain restricts the participation only to authorized institutions for transaction creators. IBM Fabric and Loop Chain are examples. In particular, since the consensus algorithm of the private blockchain does not allow partial branches, most of them do not use a Proof-of-Work (PoW) or Proof-of-Stake (PoS) algorithm like the public blockchain.
However, POW+A, a new mainnet proposed by the DANGNN Foundation, limits the qualifications for blockchain node participation, while all algorithms for data open and distributed storage follow the public blockchain format. The POW+A mainnet operates a hybrid-type algorithm because the POW+A mainnet system changes to an open blockchain after the halving of the DGC Coin, the reward coin of POW+A in the future. Therefore, verification and approval by the foundation are required before the halving period to participate in the block generation of POW+A.
For this reason, POW+A supports coin mining while maintaining the form of the private blockchain until the halving period of the DGC Coin. After the period until the halving, POW+A changes to a perfect public blockchain, and there will be the greatest change in scalability.