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Ever wondered why #Bitcoin can only process 5 TPS?
Listen to @QuaiNetwork co-founder @mechanikalk explain why Bitcoin has low throughput and how Quai Network can solve the problem without compromising security or decentralization👇
Proof-of-Entropy-Minima (PoEM) has been implemented into the Quai codebase and is currently undergoing internal testing.
https://t.co/d4up3XMkEh
Here is an example of PoEM stability testing from April at 200, 400, and 600 TPS:
"In a fully asynchronous message-passing distributed system, in which at least one process may have a crash failure, it has been proven in the famous 1985 FLP impossibility result by Fischer, Lynch and Paterson that a deterministic algorithm for achieving consensus is impossible."
https://t.co/P4aTeD0CMq
@QuaiNetwork's novel Proof-of-Entropy-Minima algorithm practically breaks the FLP impossibility theorem. The only instance in which PoEM can not offer deterministic head selection is in the case of a near-simultaneous hash collision. When using a 2^256 bit field, two machines simultaneously finding the same hash while mining becomes an extreme statistical improbability.
When @mechanikalk says that PoEM alters the concept of consensus entirely, he means it. 👀
Cross-chain transactions in @QuaiNetwork have been designed to only rely upon the same mechanism used for block production: mining. ⛏️
Learn more in the docs about how cross-chain transactions are processed in Quai👇
https://t.co/fUTQ1YQxwS
April PoEM Testing Updates:
➡️Globally distributed testing environment
➡️Real-world latency
➡️Running for days at a time
Results:
➡️Perpetual consensus
➡️~275 TPS per execution shard
➡️Sustained coordination of 9 shards
Read more in the Quai blog👇
https://t.co/HjxoKPvo85
If you're trading with Profits, you're actually taking money from people less smarter than you.
There has to be an opposite trade.
If you make a million, you've taken 10K from 100 people, could have been their life saving.
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BASIC CONCEPTS THAT A TRADER SHOULD FULFILL🌀
1.Fundamentals
2.Technicals
3.Psychology
4.Position Size
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Read more: https://t.co/yecwitHhbK