Liquid staking is the only valuable option for others. There are only 100 nodes participating in the consensus. There are liquid staking options, but they are not necessary for smaller players.Īptos, on the other hand, requires a whopping 1M tokens to participate in the consensus. This would allow anyone to run consensus on their own machines with their own stake. Running a participation node is cheap and easy. In the future, there will be an incentive to run a participation node and lock the tokens there, but it is not yet available. This has changed - now, only accounts participating in Governance and locking their coins receive rewards. In the beginning, all accounts received staking rewards. I think it’s still quite novel and was never properly validated by other researchers it needs time to learn its disadvantages.Īlgorand changed its staking rewards program once. From what I have read in forums and chats, there is no slashing mechanism implemented yet, and the finality is subsecond. It is hard to find any relevant information about the details of the consensus mechanism.
It is a variation of the Proof of Stake algorithm, where you stake your tokens and participate in block production and validation for rewards.
When a block is proposed and attested by verifiers, it is impossible to revert.Īptos' consensus mechanism, called AptosBFT, is based on Meta Libra’s Diem, which in turn is based on VMWare’s HotStuff consensus mechanism. Without these nodes, the throughput would be really low and could even halt.Ī property of Algorand's consensus is that the finality is very short, and there are no forks. It requires what are called Relay Nodes, beefy nodes that move messages around for nodes that participate in consensus. There is also no slashing because VRF randomly selects 50% of the network to attest to a given block.Īlgorand never fully addressed the fact that the mechanism is quite bandwidth-intensive. It can randomly select the next block builder and block verifiers - and nobody knows who it is until the block is propagated to the network.Įven if you have a low stake compared to others, you can still cheaply participate in the consensus and receive rewards from it. Algorand's consensus, named Pure Proof of Stake, is based on Silvio Micali’s invention, which is VRF (Verifiable Random Function).Īlgorand consensus is relatively simple compared to others and highly fair.
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