consensus mechanism

[amandabarrett]

What consensus mechanism will this coin be using?

[BlackcoinDev]

Hello Amanda,

USDG uses the Blackcoin Proof-of-Stake(PoS) v3.1 consensus mechanism. In this system, the right to create new blocks and validate transactions is determined by the amount of coins a user holds and is willing to "stake" or lock up as collateral. This is in contrast to Proof-of-Work (PoW) mechanisms, which rely on computational power to mine blocks. In Blackcoin's PoS system, users who hold coins in their wallets can participate in staking, which helps secure the network while earning staking rewards.

BlackcoinDev