The iov42 Proofmesh® is our unique way of recording transactions. With our Proofmesh® mechanism, each identity and asset type combination has a distinct chain of transaction proofs. For every transaction involving two or more identities or assets, the chains of the respective identities and assets are combined, forming an...
Read moreIt requires members of a network (‘miners’) to expend effort solving an arbitrary mathematical puzzle to prevent anybody from gaming the system. From an energy efficiency perspective, PoW is the least efficient consensus mechanism.
Read moreWith Proof-of-stake, cryptocurrency owners validate block transactions based on the number of coins a validator stakes. PoS was created as an alternative to Proof of Work.
Read moreProof of Authority is a type of high performance, low energy consensus mechanism where the transactions are validated by approved nodes. In contrast to public Distributed Ledger Technologies, the nodes are known and need to earn and maintain the right to be validators. Thus, PoA incentivises validators to stake...
Read moreAuthentication is the verification process that proves that an identity or asset is real.
Read moreIn contrast to public Distributed Ledger Technologies, permissioned ones require every new node to be approved by the existing ones before entering the network. This is particularly good for enterprises and governments who value privacy and the value that their reputation carries.
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