why is the mining of native currency not necessary for Multichain?

+4 votes
asked Oct 2, 2020 by anonymous

1 Answer

0 votes
Assuming you are using consensus between "miners" (in MultiChain's API) that are preapproved, then there is no need for proof-of-work as a way to prevent someone taking control of the network. We can define consensus in terms of signatures on blocks from these preapproved parties. For more please see page 7 of the white paper:


(A lot of other things in the white paper are out of date.)
answered Oct 5, 2020 by MultiChain