Why is Nubits faster than Bitcoin

0 votes
Nubits works on Bitcoin Blockchain technology.. then how is nubits faster than bitcoin when both use the same implementation? Shouldn't both their speeds be same?
Jul 11, 2018 in Blockchain by slayer
• 29,310 points
198 views

1 answer to this question.

0 votes
Different implementation of blockchain can have different speeds. It all depends on the consensus algorithm used.

Bitcoin uses proof of work consensus algorithm.. Every node in the bitcoin network has to find a nonce to create a block with the right hash.. There are no shortcuts in this method, the nodes have to check for each and every possible solution and it takes time. The average time for block creation in bitcoin network in 10 mins..

Nubits use proof of stake consensus algorithm.. In proof of stake, the miner is chosen depending on the amount of tokens he deposits as "stake".. Higher the stake, higher the chances of becoming a miner.. Proof of stake takes less time than proof of work..

Hence, Nubits are faster than Bitcoin..
answered Jul 11, 2018 by digger
• 26,720 points

Related Questions In Blockchain

+1 vote
1 answer
0 votes
1 answer

How is computational and electricity wastage be avoided other than successful bitcoin miner?

What you are describing is an inherent ...READ MORE

answered Jul 14, 2018 in Blockchain by Shashank
• 10,400 points
136 views
0 votes
1 answer

Why is geth --fast faster in downloading the Blockchain?

When you use the --fast flag to download the Blockchain, ...READ MORE

answered Jan 10, 2019 in Blockchain by Omkar
• 69,210 points
431 views
+1 vote
2 answers

How is Blockchain programming languages different than usual programming?

The programming syntax of most of the ...READ MORE

answered Mar 30, 2018 in Blockchain by Christine
• 15,790 points
303 views
0 votes
1 answer

Protocols used in a distributed/dlt system for the nodes to establish communication

yes all are over TCP/IP connections secured by TLS encryption in hashgraph architecture-hashgraph, ...READ MORE

answered Aug 6, 2018 in Blockchain by aryya
• 7,440 points
622 views
0 votes
1 answer

Truffle tests not running after truffle init

This was a bug. They've fixed it. ...READ MORE

answered Sep 11, 2018 in Blockchain by Christine
• 15,790 points
963 views
0 votes
1 answer
0 votes
1 answer

What is blockchain apart from bitcoin?

Blockchain is a decentralized database where the ...READ MORE

answered Jul 9, 2018 in Blockchain by digger
• 26,720 points
165 views
0 votes
1 answer

Why is there no infinite loop problem in Hyperledger Fabric?

Hyperledger uses a timeout mechanism for chaincode ...READ MORE

answered Jul 30, 2018 in Blockchain by digger
• 26,720 points
352 views
webinar REGISTER FOR FREE WEBINAR X
Send OTP
REGISTER NOW
webinar_success Thank you for registering Join Edureka Meetup community for 100+ Free Webinars each month JOIN MEETUP GROUP