Elector-Limitless Possibilities
Introducing Loop Network’s New Consensus Engine The “Elector”
Elector serves as Loop Network’s cutting-edge pBFT consensus engine. At its core, the consensus mechanism acts as a dynamic catalyst that drives the blockchain forward.
When juxtaposed with Classical and Nakamoto consensus, Elector emerges as a very fast, very scalable, and very robust alternative.
By empowering developers, Elector enables the building of peer-to-peer applications without having to create an independent network layer.
What Elector Offers :
- Byzantine Fault Tolerance: Supports up to one-third of faulty nodes, even including those exhibiting malicious behavior.
- Transaction Finality: Elector boasts an exceptional transaction finality capability, achieving rapid verification within a mere 1 second.
- Permissionless: With permissionless blockchain, you are no longer confined by restrictive gatekeepers or stifling regulations. You hold the key to a decentralized revolution, where anyone can participate, create, and thrive.
- Energy Efficiency: Unlike algorithms such as proof of work, Elector achieves consensus without the need for computationally intensive mathematical problems. As a result, it operates with remarkable speed and significantly reduces energy consumption.
Why Elector?
Elector emerges as the breakthrough solution, surpassing the limitations of previous consensus algorithms. It represents the pinnacle of innovation, ideal for applications demanding unrivaled throughput, rapid finality, and bank-grade security.
In today’s dynamic world, where time is of the essence, any delay or inconvenience becomes obsolete. Elector eradicates such barriers, paving the way for the creation of swift, decentralized applications accessible to all.
Whether you seek to elevate existing products to new heights, revolutionize sectors such as payments, supply chain tracking, healthcare data storage, and more, or reshape the landscape of emerging industries like DeFi, Elector is your ultimate ally.
With Elector, the possibilities are limitless. Embrace the future of blockchain and unlock a realm of unparalleled speed, security, and innovation. Don’t settle for the status quo — be the driving force behind transformative change with Elector by your side.
Learn more about pBFT
https://www.comp.nus.edu.sg/~rahul/allfiles/cs6234-16-pbft.pdf
https://pmg.csail.mit.edu/papers/osdi99.pdf
Official Links
