Market Cap:
$1 613 224 898 870
(▼2.68%)
- Volume 24h: $102 671 773 465 (6.36%)
- Market Cap Change 24h: ▼2.68%
- BTC dominance: 44.71%
Menlo One
ONE
Menlo One is the world's most powerful infrastructure for building decentralized applications at the speed of a traditional web application
Menlo’s decentralized database and Proof-of-Reputation incentive system provide the entire infrastructure that allows users to create Web 3.0 marketplaces, social networking platforms and future applications as quickly and efficiently as their centralized predecessors can be created.
Ethereum
- USD: $0.0031
1h: ▼0.18% 24h: ▼19.1% 7d: ▼39.74%
- BTC: 0.000000094 BTC
- ETH: 0.0000016 ETH
All Time High: $0.11 3 years ago
Current price is -97 % from ATH
Current price is -97 % from ATH
- Cap: -
- Vol 24h: $6 300
- Total: 1 000 000 000 ONE
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About Menlo One
The key features of the project are:
1) Transparency and Accountability. Proof-of-Reputation (POR) automates all processes by confirming smart contracts. Moreover, companies are interested in their accountability because of the risk of loss, financial or reputational, caused by foul play or default; 2) Lack of mining and power consumption problems. The Proof-of-Work system of the consensus algorithm uses more than 2.6 GW of energy during mining - almost as much as the whole of Ireland. The use of the “Reputation Confirmation” consensus algorithm does not imply mining, and, therefore, is more environmentally friendly; 3) Increase transaction speed. Due to the presence of a smaller number of verification agents, as compared to other algorithms, the block size and block execution time the “Reputation Confirmation” consensus algorithm is significantly reduced, which in turn increases the potential speed of transactions; So, since the blockchain technology is finding more and more applications today, Reputation Confirmation (POR) models and companies such as Menlo One, which reinforces the updates of current consensus models, will play a more important role in achieving true decentralization in various industries.
1) Transparency and Accountability. Proof-of-Reputation (POR) automates all processes by confirming smart contracts. Moreover, companies are interested in their accountability because of the risk of loss, financial or reputational, caused by foul play or default; 2) Lack of mining and power consumption problems. The Proof-of-Work system of the consensus algorithm uses more than 2.6 GW of energy during mining - almost as much as the whole of Ireland. The use of the “Reputation Confirmation” consensus algorithm does not imply mining, and, therefore, is more environmentally friendly; 3) Increase transaction speed. Due to the presence of a smaller number of verification agents, as compared to other algorithms, the block size and block execution time the “Reputation Confirmation” consensus algorithm is significantly reduced, which in turn increases the potential speed of transactions; So, since the blockchain technology is finding more and more applications today, Reputation Confirmation (POR) models and companies such as Menlo One, which reinforces the updates of current consensus models, will play a more important role in achieving true decentralization in various industries.
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