Consensus Mechanism
The TURKEY project uses the Proof of Stake (PoS) consensus mechanism, which verifies transactions and secures the network through validators who stake TURKEY tokens.
Advantages of PoS:
Efficiency and Environmental Sustainability: Unlike Proof of Work (PoW), PoS does not require heavy computational power, which reduces energy consumption and ensures faster transaction validation.
Decentralized Governance: PoS allows token holders to participate in network governance, which means that the TURKEY community can actively take part in decision-making processes such as protocol upgrades, governance proposals, and project developments.
Security: PoS is more secure against 51% attacks compared to PoW, as it requires an attacker to hold a majority of the tokens to disrupt the network, thus making the system more resistant to malicious activities.
Comparison with Other Mechanisms:
PoW (Proof of Work): While PoW is widely used in Bitcoin and Ethereum, its high energy consumption and slower transaction speeds are seen as limitations, especially as blockchain networks scale. PoS offers a more energy-efficient and scalable alternative, making it an ideal choice for TURKEY.
DPoS (Delegated Proof of Stake): DPoS, while more efficient in terms of transaction speed, may lead to centralization due to the election of block producers. TURKEY prefers PoS because it balances security, decentralization, and scalability.
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