Application of PoS to Globechain
With Globechain's high flux and decentralization, token users will not need to concern over issues associated with multiple PoW tokens such as low transaction amount per month, public chain congestion, centralized mining, and high transaction fees. Globechain will maintain a high degree of decentralization due to its PoS algorithm. Globechain relies on a pre-determined number of validators to facilitate the Proof-of-Stake (PoS) of the consensus algorithm, which results in shorter block times and lower fees. In PoS, validators candidates with the highest number of staked tokens are allowed to become validators to produce blocks. Tokens also use complex scenarios, thus leading to security, decentralization, reliability, transparency, stability, and block finality.
Last modified 6mo ago