With One Of The Fastest Blockchain Mainnets, Can Futurepia Become “EOS Killer” In Near Future?

Growing a distributed ledger is one hell of a task. It can be seen it the last few years that Bitcoin and Ethereum have faced immense issues when they were trying to increase the speed and security of their platforms. In order to better understand the issues, let’s first dive into the algorithm or the consensus models on which these blockchains work.

Futurepia

Bitcoin’s Proof of Work (PoW):

PoW forms the foundation of Bitcoin’s block production algorithm. In PoW, miners having high-tech equipment solve the mathematical problems and once solved a block is added to the chain. The miner who solves the problem first gets a bit of compensation fee as a reward from the network.

Ethereum’s Proof of Stake (PoS)

Because of the high energy cost, expensive equipment and very slow transaction per seconds speed, PoW was being criticized by many. Later on, Ethereum coin came into the market after developing their own algorithm which they called as Proof of Stake (PoS). In proof of stake, there is no need for miners. Block producers should have more shares, stake or ownership in Ethereum, or any other cryptocurrency they are using. The more tokens you own, the more block creation power you have. PoS eliminated the need of super high-tech equipment, consumed low energy and allowed block producers to have a stake in the network.

EOS’s Delegated Proof of Stake (DPoS)

DPoS follows original PoS consensus model with improved speed, compromising the security. DPoS can be considered as democracy in blockchain where coin holders vote to select delegates also called ‘block producers’. DPoS provides faster processing of transactions than both PoW and PoS, yet DPoS has certain flaws like security, lesser decentralization etc which inspired the developers at Sigmachain to develop a new consensus algorithm that solves the problem of the existing PoW, PoS, and DPoS.

Futurepia’s Dual Delegated Proof of Stake (DDPoS)

Futurepia is a blockchain based social media mainnet designed specifically to support DApps. It is developed based on its own DDPoS (Dual Delegated Proof of Stake) algorithm and a DApp store while providing various API modules for DApp developers.

DDPoS is a new consensus algorithm that solves the problem of the existing DPoS (Delegated Proof of Stake) method, which is called 3rd generation blockchain technology. In DDPoS(Double Delegated Proof of Stake), as Block is created in each round, the master node (BP) and the Futurepia node (BO) become representative nodes in random order. Because of this, the risk of collusion between master nodes decreases and improves the processing speed.

Futurepia’s mainnet DDPoS algorithm has surpassed the processing speed of both PoS and DPoS platforms. While Ethereum has 15 TPS, EOS has around 100,000 TPS, Futurepia’s mainnet is expected to handle 300,000 TPS.
Here is a video explaining the DDPoS algorithm in details:

Futurepia’s faster DDPoS algorithm is better than other algorithms because of the following differences:

1. More secure: In case of DPoS, since only 21 nodes are in charge of keeping the network alive, it is vulnerable to “51 percent” attack. On the other hand, DDPoS is developed to solve the existing PoS’s problem of speed and DPoS’s problem of security. Instead of 21 BPs we combine 17 master nodes with 4 random nodes, making it far less vulnerable to network attack and collusion.
2. Much faster: KOLAS is the Korean certification board recognized by 72 countries, in accordance with the international relevant standards. KOLAS has assessed and certified that FUTUREPIA’s Social Media Mainnet transaction speed is 300,000 TPS.
3. A mainnet dedicated to Social Media DApps: Futurepia not only provides mainnet core engine API but also other useful modules like live streaming, smart wallet, communication network and P2P cloud API. This would make DApp developers develop the apps easily and grow faster.

Since choosing a right consensus model is very important for any blockchain project, Futurepia seems the best choice for any DApp company who want a faster and securer mainnet.

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