The intention is to be more energy and time efficient. This will save on overall costs, and will be more transaction-friendly to the consumer.
Blocks will be produced through a process called minting. In decentralized systems, there are multiple nodes on the network producing blocks. An algorithm needs to be in place to reach consensus on which block is added to the network. Without a consensus algorithm in place, nodes will keep forking the blockchain in favor of its own blockchain. This results in either a completely centralized system or a useless distributed network.
GODcoin will use the Proof-of-stake consensus algorithm for the minting process. This presents a couple significant advantages, transactions will be processed quickly and energy efficiency is drastically improved over the commonly used Proof-of-Work. Minters will be able to run a node on resource constrained systems provided there is adequate disk space.
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