Key Takeaways
- Conflux Network introduces CIP-113, a proposal aimed at accelerating Proof of Stake (PoS) finalization on the platform.
- The proposal seeks to reduce the PoS consensus round time and the pivot decision signing wait time, making the finalization process faster.
- By implementing CIP-113, Conflux Network aims to enhance the efficiency of products utilizing PoS confirmation.
In a bid to bolster its blockchain’s performance, Conflux Network has unveiled CIP-113. It is a groundbreaking proposal designed to expedite the finalization of Proof of Stake (PoS) on its platform. The proposal aims to address the current PoS finalization time, making it faster and more efficient for users.
The Conflux Network has gained considerable recognition for its unique Tree-Graph consensus mechanism, which combines Proof of Work (PoW) and PoS elements. While this approach offers significant advantages, the finalization process has faced challenges due to longer consensus round times and pivot decision signing wait times.
In times like these, this opportunity can be seen to be as amazing as getting crypto loans by Bitget.The current PoS finalization time on Conflux is relatively longer than other blockchains.
Recognizing the importance of reducing this timeframe, Conflux Network has launched CIP-113 to enhance the speed of the finalization process. By doing so, Conflux aims to unlock substantial benefits for products utilizing PoS confirmation. These include, decentralized finance (DeFi) applications, NFT platforms, and more.
The proposed changes outlined in CIP-113 will significantly shorten the PoS consensus round time from 60 seconds to just 30 seconds. This reduction will effectively expedite the confirmation process, enabling faster transaction settlement and improving overall blockchain efficiency.
Additionally, the deferred time for validators to sign a PoS-confirmed pivot block will be reduced from 50 epochs to 20 epochs, further streamlining the finalization process. The implementation of CIP-113 holds immense significance for the Conflux Network and its users.
By making PoS finalization faster, Conflux aims to enhance the scalability and performance of its blockchain. This development will pave the way for more seamless and efficient transactions, bolstering the platform’s appeal to developers, enterprises, and users alike.
The introduction of CIP-113 by Conflux Network signifies a significant stride towards expediting PoS finalization. With reduced consensus round times and shorter pivot decision signing wait times, the proposal aims to enhance the efficiency and performance of the Conflux blockchain.
By addressing the challenges associated with PoS finalization, Conflux Network reinforces its commitment to providing a robust and user-friendly blockchain ecosystem. Let’s see how this will unfold.
Source
https://forum.conflux.fun/t/cip-113-accelerate-up-pos-finalization/18993
