Top Tweets for #openrepresentativevoting
@Cryptomus False Dichotomy.
#StudyNano - the Harder Money Than Bitcoin™.
#Nano $XNO #ProofOfBalance #PoB #OpenRepresentativeVoting #ORV

GM !
In any race between Proof of Wasted work, Proof of not eating enough Stake and Proof of Balance, then
Proof of Balance will always ultimately win.
It's hyperefficient, and secures instantly, without inflation or fees.
#PoW #PoS #PoB
#OpenRepresentativeVoting
#Nano $XNO

O is for Open Representative Voting (#ORV)
Nano employs a novel consensus mechanism called #OpenRepresentativeVoting. It involves holder-chosen nodes called Principal Representatives voting on valid blocks to reach confirmation status.
Full details: https://t.co/XHXzgNphMo
How #Nano $XNO #digitalmoney works, simply explained:
#altcoin #altcoins #broccolish #instant #P2P #zeroinflation #secure #deterministic #irreversible #retail #finance #money #cryptocurrency #cryptocurrencies #ORV #OpenRepresentativeVoting
https://t.co/rNMhKTblgu
A somewhat in-depth analogy for Nano's ORV Consensus (and similar leaderless vote propagation consensus protocols)...
This is not fully comprehensive, but should provide a reasonable depiction of how the protocol works in a trustless manner.
📘👇
You and 2 geek friends, Alice and Bob, have decided to collaborate to maintain a balance sheet recording money owned among 10 individuals in your larger friend group.
You, Alice, and Bob are each at your own homes, laying on your respective beds, excitedly twiddling your feet in the air as usual
You each have a notepad in front of you which lists the names of all 10 individuals in your friend group, as well as a current "balance" of each individual. We'll say it starts at something like $100.
You also each have a phone, and are eagerly awaiting calls from your friends telling you that they would like to transfer money from their account to one of your other friend's accounts.
You receive a call from one of your friends, Carol.
Carol tells you she would like to send $5 to Dan.
You hang up and immediately call a random one of your other geek friends, Alice.
You ask Alice if she agrees that Carol does indeed have $5 available to send to Dan.
Alice agrees.
Since 2/3 of you, Alice, and Bob (a majority) have agreed that this is acceptable, you and Alice both remove $5 from Carol's account, and add $5 to Dan's account.
You then each call Bob to inform him of the change, at which point Bob records the change in his own copy of the balance sheet.
You then all go back to waiting for the next call(s).
Moments later, you receive a call from Dan.
Dan informs you that he would like to send $50 to Emma.
You check, and it seems that Dan does indeed have a balance of $105, and is able to send $50 to Emma.
You hang up.
Before you are able to call Alice or Bob to inform them of this request, you *receive* a call from Bob, informing you that he and Alice have just approved Dan sending $60 to Frankie.
You then immediately receive a call from Alice, confirming the same.
This conflicts with the request you received from Dan to send $50 to Emma, as according to your balance sheet, Dan only has $105, and cannot both send $50 to Emma and $60 to Frankie.
But you, Alice and Bob had previously agreed that the first request to be confirmed by the majority (2/3) of the three of you should be approved, and the other(s) rejected.
Knowing this agreement, you discard Dan's original request to you to send $50 to Emma, and record Dan's send of $60 to Frankie in your balance sheet by removing $60 from Dan's balance and adding $60 to Frankie's balance.
You then immediately call Dan back to kindly inform him that there must have been some confusion, and his request to send $50 to Emma has been declined due to not having enough money in his balance.
This process continues for eternity, and you never leave your bed again.

@nanoissuperior @John__Hicks @AnchorX_io #OpenRepresentativeVoting is light years ahead of the game.
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