BASH-LuckChainDetailed Description

BASH-LuckChain Detailed Description

The QPoS algorithm of the lucky chain node queue is a brand-new block chain proof of equity consensus protocol. Preliminary testing, we are applying for a patent for this original protocol.

The QPoS protocol changes the blockchain consensus algorithm from the past equity competition to a node ring queue. The registered online nodes will pack transaction data in turn to generate new blocks according to the order of registration. It fundamentally solves the problem of The blockchain system of the PoS protocol is prone to problems such as block reorganization and bifurcation, as well as 51% attacks.

In the QPoS protocol, we use a registration entry and queue sorting algorithm. In the software, users can apply to join the node queue, and then determine the order of the nodes in the queue according to the registration order and the time of the latest block , in order for each node to have the opportunity to participate in mining, when a node finds a new block, it will be automatically queued to the end of the queue, and then the next node will continue to sort and mine. When a player registers a node, he needs to set the lock-up period, and the consensus algorithm generates different block rewards according to the length of the lock-up period. In order to prevent malicious applications from nodes and improve the efficiency of network consensus, the algorithm restricts holdings of more than 1 million coins to be eligible to join the node queue.

Project Introduction

Lucky Chain is the world's first decentralized market prediction platform based on the BTC protocol. You can predict the results of any event (football, World Cup, election, etc.) on the Lucky Chain. We verify the results through the blockchain, no one It is possible to cheat.

The QPoS algorithm of the lucky chain node queue is a brand-new block chain proof of equity consensus protocol. Preliminary testing, we are applying for a patent for this original protocol. The QPoS protocol changes the blockchain consensus algorithm from the past equity competition to a node ring queue. The registered online nodes will pack transaction data in turn to generate new blocks according to the order of registration. It fundamentally solves the problem of the PoS protocol. The blockchain system is prone to problems such as block reorganization and bifurcation, as well as 51% attacks. In the QPoS protocol, we use a registration entry and queue sorting algorithm. In the software, users can apply to join the node queue, and then determine the order of the nodes in the queue according to the registration order and the time of the latest block. Every node has the opportunity to participate in mining. When a node finds a new block, it will be automatically placed at the end of the queue, and then the next node will continue to sort and mine. When a player registers a node, he needs to set the lock-up period, and the consensus algorithm generates different block rewards according to the length of the lock-up period. In order to prevent malicious applications from nodes and improve the efficiency of network consensus, the algorithm restricts holdings of more than 1 million coins to be eligible to join the node queue.

Technical Overview

The QPoS algorithm of the lucky chain node queue is a brand-new block chain proof of equity consensus protocol. Preliminary testing, we are applying for a patent for this original protocol.

In the QPoS consensus algorithm, we also set up a node exit queue mechanism. When a node is on duty, and this node does not generate a new block within the specified time, the consensus algorithm will lock the node and automatically remove it from the queue. The nearest node is recommended for mining to ensure the stable operation of the network and the continuity of blockchain generation. Under the QPoS protocol, there will be faster transaction confirmation speed. With higher transaction processing capacity, we can achieve the effect of transaction confirmation within seconds, and at the same time prevent block rollback. Under the QPoS protocol consensus, it is easy to deal with the problem of slow block consensus of millions of nodes in the past PoS protocol. We know that in the POW protocol, the problem of high energy consumption will occur through proof of work, and the consensus power will be large. Concentrated in the hands of those with strong financial resources and technical teams, there is a trend of centralization, and the distribution method of the QPoS protocol is more democratized. Through random joining and algorithm sorting strategies, those nodes with excellent performance can serve the network. Under the QPoS protocol, it can be imagined that through the rotation of a small gear, a large gear is driven to run, and the efficient consensus of the entire blockchain network is promoted.