The network is designed for the development of DApp or decentralized applications at a lower cost while offering faster transfer speeds, a better user experience and a more comprehensive ecosystem.
ANFS, which stands for Autonomous Network Cross-Domain Flexible Sharded System, is an enhanced blockchain solution that will be implemented and rolled out after studying Ethereum and Solana blockchain networks, as well as smart chain technology. ANFS offers faster transfer speeds, a better user experience and a broader ecosystem. “
Currently, the smart chain technology that revolutionized the blockchain space has also brought new utilities into the blockchain space. Ethereum and Solana, two popular blockchain networks, are expanding decentralized funding (DeFi) and developers can create smart contracts on both networks. Since Ethereum uses Proof of Work (POW) to verify transactions, which uses a lot of energy and requires users to verify transactions and earn rewards, ANFS with the Verifiable Random Function (VRF) had the controlling power of POH or Proof of History effectively removed Leader Node and successfully used NPOS or Nominee Proof of Stake to reward their users.
Despite its large market and use case, Ethereum has one slow transaction per second. With a daily trading volume of over $ 17 billion, Ethereum can only process around 15-45 transactions per second. ANFS solves Ethereum’s proof of work by combining a number of consensus models. ANFS uses a Hybrid Proof of Sequence (HPOS) that integrates the Proof of History (POH), the Nominated Proof of Stake (NPOS) and the Practical Byzantine Fault Tolerance (PBFT). It uses this integration to solve the security, scalability and data access problems. ANFS has flexible blockchain sharding technology that divides the networks into different shards to improve efficiency.
In terms of energy consumption, ANFS has introduced the Nominee Proof of Stake (NPOS), which helps reduce energy consumption to verify transactions. For decentralization, the ANFS relies on community nodes. It uses the Verifiable Random Function (VRF) to select scrap nodes and reach consensus. It does not have a centralized node development. By using multiple nodes, ANFS increases the number of transactions verified per second.
The developers claimed that ANFS was able to transform the existing blockchain network scene with its provision of security, scalability and power coupled with flexible sharding technology. Autonomous Network Cross-Domain Flexible Sharded System (ANFS) is set to take the crypto industry and blockchain technology to the next level, they claimed during a recent press conference.
About ANFS
The ANFS mining consensus is a breakthrough, critical to the development of the entire blockchain industry
To learn more, visit https://www.anfs.network/
