MATRIX adopts a unique hybrid PoS + PoW consensus mechanism. This means that both Proof of Stake (PoS) and Proof of Work (PoW) are used in the consensus process. In the PoS component, a smaller network of delegates is selected through a random distributed voting algorithm. The probability of a node being selected as a delegate is proportional to its stake in the network. This means that nodes with more stake have a higher chance of being selected as delegates.
Overall, the hybrid PoS + PoW consensus mechanism used by MATRIX combines the advantages of both
approaches. It leverages the security and decentralization of PoW while also benefiting from the efficiency and scalability of PoS.
Overall, the hybrid PoS + PoW consensus mechanism used by MATRIX combines the advantages of both approaches. It leverages the security and decentralization of PoW while also benefiting from the efficiency and scalability of PoS.
Staking Ratio: 30,92%