The network was developed for development of DApp or Decentralized Applications at lower cost, while also offering faster transfer speed, 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 is being implemented and launched after studying the Ethereum and Solana blockchain networks as well as smart chain technology. ANFS is offering faster transfer speed, better user experience and a more comprehensive ecosystem.”
Currently, smart chain technology, which has revolutionized the blockchain space, has also brought new utilities to the blockchain space. Ethereum and Solana, two popular blockchain networks, extend of decentralized finance (DeFi) and developers can create smart contracts on both networks. As Ethereum uses Proof of Work (POW) to verify transactions, which consumes a lot of energy and requires users to verify transactions and earn rewards, using Verifiable Random Function (VRF), ANFS had effectively removed the controlling power of POH or Proof of History Leader Node and successfully used NPOS or Nominated Proof of Stake to reward their users.
Despite its large market and use case, Ethereum has a slow transaction per second. With a daily trading volume of over $17 billion, Ethereum can only handle about 15- 45 transaction per sec. ANFS solves the proof of work of Ethereum by combining a series of consensus models. ANFS uses a Hybrid Proof of Sequence (HPOS), which 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 issues of security, scalability, and data access. ANFS comes a with flexible blockchain sharding technology, which splits the networks into different shards for improved efficiency.
In terms of energy consumption, ANFS adopted the Nominated Proof of Stake (NPOS), which helps to reduce energy consumption to verify transactions. For decentralization, the ANFS relies on community nodes. It uses the Verifiable Random Function (VRF) to select committee nodes and attain a 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 is capable of changing the existing blockchain network scene, with its provision for security, scalability, energy, coupled with the 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.
ANFS mining consensus is a breakthrough, crucial for the whole blockchain industry development
To know more, visit https://www.anfs.network/