ICB NETWORK
  • 🌟Getting Started
    • πŸ‘‹Overview
    • πŸšΆβ€β™‚οΈProject Walkthrough (Video)
    • πŸ‘¨β€πŸ«Problem Statement
    • πŸš‰Technical Solution
    • πŸ–οΈToken Distribution and Plan
  • πŸ’‘Product Fundamentals
    • πŸ†šICB Consensus Vs Others
    • ⁉️Why ICB Network ?
    • πŸ‘©β€πŸ’»Blockchain Technology In ICB
    • 🀝Decentralized Autonomous Organization (DAO)
  • 🦾Project Technology
    • πŸ›‚POS (Proof of Stake & authority)
    • πŸ‡¬πŸ‡¬Delegators and Fee Sharing
    • πŸ‘¨β€πŸ’ΌArchitecture
    • πŸ“ƒSmart Contract Details
  • πŸ‘©β€πŸ’»Developer Docs
    • πŸ“œWhite Paper
    • 🀜How to connect with ICBNetowork?
  • πŸŽ“LEGAL DOCS
    • πŸ”Privacy Policy
    • πŸ”Terms and conditions
  • πŸ“šADDITIONAL RESOURCES
    • 🏸Glossary
    • ❓FAQS
    • πŸ›£οΈRoadmap
    • πŸ”„How to connect ICB Network
    • πŸ”’ICB Netowork Team
  • 🀝Community & Ecosystem
    • πŸ—žοΈFeature request form
    • πŸ™‹Product feedback form
    • πŸ€›KYC Request
    • 🐞Bug Bounty
  • πŸ—£οΈSOCIALS
    • πŸ”—Website
    • 🐦Twitter
    • πŸ‘ΎDiscord
    • 🦻Telegram
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  1. Product Fundamentals

Why ICB Network ?

Comparison chart between ICB NETWORK PoS-based blockchains and other blockchains using different consensus mechanisms

Feature
ICB PoS
Proof of Work (PoW)
Proof of Stake (PoS)
Byzantine Fault Tolerance (BFT)

Transaction Speed

High (Fast block times)

Low (Slow block times)

Moderate (Variable block times)

High (Fast block times)

Energy Efficiency

High (Very low energy consumption)

Low (High energy consumption)

Moderate (Variable energy consumption)

Moderate (Variable energy consumption)

Decentralization

High (Delegation upon KYC for projects and investors)

High (Distributed mining power)

Moderate (Variable depending on token distribution)

Low (Centralized validator set)

Security

High (KYC Delegators participation)

High (Proven security track record)

Moderate (Variable depending on staking mechanism)

High (Byzantine fault tolerance)

Governance

Direct democracy (Token holders vote for delegates)

Indirect democracy (Miners influence network through hash power)

Variable (Depends on specific PoS implementation)

Limited (Pre-defined validator set)

Cost of Entry

Low (No mining hardware required)

High (Mining hardware and electricity costs)

Moderate (Staking tokens required)

Moderate (Staking tokens or reputation required)

Scalability

High (Handles large transaction volumes)

Moderate (Limited scalability)

Variable (Depends on specific PoS implementation)

High (Handles large transaction volumes)

Distribution of Rewards

High (KYC Projects/

Stakers take part of gas fee)

Proportional to mining power

Proportional to staked tokens

Fixed or proportional to delegated stake

Vulnerability to Attacks

Not Possible as KYC members Delegates

51% attack on mining power

Double-spend attacks, slashing

Forking, censorship

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Last updated 1 year ago

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