Giant Mammoth-Preis 

GMMT

Giant Mammoth provides more transparent and secure services to the public by incorporating blockchain technology into services closely linked to everyday life. It also provides a virtuous cycle of economic environment in which consumers can make money in the mammoth ecosystem and reuse the money they get to enjoy services.

Not only that Giant Mammoth is helping non-blockchain companies enter the blockchain industry through Giant Mammoth Chain and continuously expanding the Mammoth ecosystem.

Giant Mammoth Chain relies on Proof-of-Stake Authority (PoSA) consensus algorithms. This is a hybrid approach that combines the advantages of Delegated Proof of Stake (DPoS) and Proof of Authority(PoA).

DPoS is an agreement algorithm in which a person who has been granted the right to vote according to the amount or duration of cryptocurrency holdings selects a verifier through voting. PoA is a consensus algorithm that selects verifiers based on the reputation or identity of individuals and organizations. Because blocks and transactions are validated only by pre-approved participants, the system is highly scalable.

PoSA is a consensus algorithm that combines this DPoS and PoA consensus method. A person with a large amount of cryptocurrency holdings selects a verifier through a vote and re-elects a verifier every 24 hours to dismiss a less reliable verifier. This enables fast processing while maintaining security.

Learn more about Giant Mammoth here.

New to cryptocurrency? Find all the information you need with Alexandria, CoinMarketCap’s dedicated education resource.