Ethereum: How Satoshidic works with 0 confirmation
As one of the pioneers in the world of decentralized (death) finance, Ethereum has reached significant steps in activating different applications, including betting and prediction markets. One of the notable examples is Satoshidic, a betting platform with proof (POS) that uses the native Krypto currency of Ethereum, Ether (ETH). In this article, we will investigate how Satoshids works with 0 certificates, exploring its basic mechanics and technical details.
What is proof?
Before you sink into Satoshids, we quickly review the basic elements of the SOP. In the traditional consensus algorithm (POW), the miners compete to solve complex mathematical puzzles in exchange for the newly married ether. However, with Ethereum, Satoshids have a different approach: use a hybrid system that combines elements and neglect and POS.
How do satoshids work?
To understand how Satoshids works, we must re -examine the basic elements of its basic architecture:
- Bet : Users can invest in different results using ether as a guarantee.
- Share Pool : The user’s bet is stored in “Pool of Role”, which is a collection of several users.
- The selection of the validator : A random choice of attitude, selected from the base of the roles, becomes a short -term validator (usually 30 minutes). These validators are responsible for confirming transactions and ensuring blockchain integrity.
Here’s where Satoshids become interesting:
0 certificates
In Ethereum, a transaction can be done without any confirmation mechanism. This is done using “optimistic rolls”, which allow users to store more transactions in a single block. By doing this, the chain remains decentralized and reliable, even in the presence of the high congestion of the network.
However, when it comes to betting on the result (for example, victory or loss of bet), Satoshidica introduces a certificate 0:
- The user learns BET : The user sets his bet using the ether as a guarantee.
- ROOP POOL OPPATS : The role pool updates its balance of real funds, reflecting the value of each bet.
- Validator selection : The random selection process is generated by a validator who will confirm and resolve the transaction.
standard bitcoind server
I could ask if Satoshids can use a standard Bitcoin server (BTC) as a reference point for API testing. Although this is technically possible, there are several reasons why it would not be practical:
- The different consensus algorithm : Ethereum has its own algorithm for the POS consensus, which is different from the traditional Bitcoin block system.
- Different safety requirements : Satoshids requires a very safe environment to prevent features and maintain blockchain integrity.
In conclusion, Satoshids operates with 0 certificates using the HIBRID EVENT (POS) system that combines elements for both POW and POS. This allows it to achieve a high efficiency of the network, while maintaining decentralization and distrust.
Retain
This article is intended only for informative purposes and should not be considered as an investment tip. The author is not associated with satoshydic or any other cryptocurrency platform. Always carry out a thorough research before investing in any digital property.
