Enigmatic PoS Creator Presents New Product
September 11, 2018
Together with Satoshi Nakamoto there is another legendary anonym in the crypto world: Sunny King. This is a famous developer who challenged the proof-of-work algorithm (PoW) that has long been prevalent in all blockchains. What he has always striving for was making blockchain more energy efficient. So the solution is the proof-of-stake (PoS).
PoS has been claimed as more effective way for consensus in blockchain as it did not rely on high-cost hardware consuming lots of power for resolving math puzzles. As a result along with advanced scalability the system included several high-profile projects like EOS, Tezos, NEO and Cardano.
Sunny King is widely known for inventing innovational ways of modifying existing technology. He is the founder of PeerCoin, the first cryptocurrency with PoS launched in 2012 and PrimeCoin, the one with security level based on prime numbers.
Recently he has presented his new invention called “supernode proof-of-stake” or SPoS that requires special hardware. Although few is known of the project so far, Sunny King has stated, the idea of SPoS is similar to the delegated PoS or DPoS, as it allows to focus on stake pools. According to Sunny King, the purpose of the project is to simplify development and maintenance of blockchains.