What are the advantages of iChing from the regular PoS system? Please explain it in layman's term? Thanks.
Now we rename the PoS algorithm as Wuji, the advantages of Wuji, including
1. No traditional heavy cryptographic protocol is engaged, such as Practical Byzantine Fault Tolerance (PBFT), so it can be used to build a genuine scalable public blockchain system.
2. Wuji adopts a very simple best chain strategy, the same as in Bitcoin, which is longer is better.
3. Wuji is a provable secure protocol under the honest majority of stakes assumption.