🆚ICB Consensus Vs Others

The ICB Network is a reliable and secure network that uses POS consensus for efficient operation. Furthermore, the ecosystem of ICB will provide effective governance and democracy, ensuring that all stakeholders, including the project team, general delegators, and investors, can benefit from the success of the project.

ICB Network Advantages

• Faster transaction speeds: Proof of Stake & authority (PoS-A) removes the requirement for miners to solve intricate puzzles, resulting in quicker transaction speeds and increased capacity. Real-time transactions are important for applications that need to process transactions quickly.

• Lower energy consumption: PoS is a much more energy-efficient alternative to PoW, which makes it a better choice for projects that prioritize sustainability and the environment.

• Improved governance: PoS enables a system of direct democracy, where individuals who hold tokens can vote for delegates responsible for managing the network. This approach has the potential to facilitate quicker decision-making and encourage active participation from the community.

PoW Disadvantages:

• Slow transaction speeds: Proof of Work (PoW) can sometimes be slow, resulting in transaction times that can take several minutes or even hours. Real-time transactions can be significantly impacted by this, which can be a major disadvantage for certain applications.

• High energy consumption: Proof of Work (PoW) involves solving intricate mathematical puzzles, which consumes a substantial amount of energy. This has led to concerns about the potential environmental consequences.

• Hardware centralization: Large mining pools have a tendency to centralize mining operations, which can potentially affect the decentralization of the network.