The network was developed for the development of DApp or decentralized applications at lower cost, while also providing faster transfer speeds, better user experience and a more comprehensive ecosystem
Singapore, Singapore – (Newsfile Corp. – December 24, 2021) – ANFS, which stands for Autonomous Network Cross-Domain Flexible Sharded System, is an enhanced blockchain solution implemented and introduced after studying the Ethereum and Solana blockchain networks is as well as smart chain technology. ANFS provides faster transfer speeds, better user experience and a more comprehensive ecosystem.
Currently, smart chain technology, which has transformed the blockchain space, has also brought new utilities to the blockchain space. Ethereum and Solana, two popular blockchain networks, stretch of decentralized finance (DeFi) and developers can create smart contracts on both networks. Because Ethereum uses Proof of Work (POW) to verify transactions, which consume a lot of energy and require users to verify transactions and earn rewards, using Verifiable Random Function (VRF), ANFS effectively removed the control of POH or Proof of History Leader Node and have successfully used NPOS or nominated proof of interest to reward their users.
Despite its large market and usage case, Ethereum has a slow transaction per second. With a daily trading volume of more than $ 17 billion, Ethereum can only handle about 15-45 transactions per second. ANFS solves the proof of work of Ethereum by combining a range of consensus models. ANFS uses a hybrid proof of sequence (HPOS), which integrates the proof of history (POH), the nominated proof of interest (NPOS) and the practical Byzantine fault tolerance (PBFT). It uses this integration to resolve the issues of security, scalability and data access. ANFS comes with a flexible blockchain sharding technology, which splits the networks into different shards for improved efficiency.
In terms of energy consumption, ANFS has adopted the Nominated Certificate of Interest (NPOS), which helps reduce energy consumption to verify transactions. For decentralization, the ANFS relies on community nodes. It uses the verifiable random function (VRF) to select committee nodes and reach a consensus. It does not have a centralized node development. By using multiple nodes, ANFS increases the number of transactions that are verified per second.
The developers claimed that ANFS is capable of modifying the existing blockchain network scene, providing it with security, scalability, energy, coupled with the flexible sharding technology. Autonomous Network Cross-Domain Flexible Sharded System (ANFS) is going to take the crypto-industry and blockchain technology to the next level, they claimed at a recent press conference.
ANFS is an efficient and secure consensus mechanism that is crucial to the entire blockchain system. To find out more, visit https://www.anfs.network/.
James (at) anfs.network
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