Blockchain technology, based on a distributed computing service platform that provides secure storage of transaction files, has transformed industries. The consensus mechanism is one of the most important components of any blockchain, as it ensures its reliability and security. In recent years, a new consensus mechanism has been introduced and the current system has been improved to meet the growing needs of the field.

By far, Proof of Work (PoW) is the most widely used consensus mechanism in blockchain technology. However, several limitations of PoW blockchain mainly include slow sales resolution time, high energy consumption, scalability issues.

To meet this test, several new consensus mechanisms have been proposed, such as proof of Equity (PoS), proof of authorized Equity (DPoS) and proof of leasehold equity (LPoS). This new consensus mechanism aims to get rid of the limitations of Pow and provide a more energy efficient and scalable solution to blockchain technology.

The fledgling Web3. Enterprise Fastex takes this development trend to the next level by introducing its own tools and product ecosystem. These tools and products will rely on indigenous innovative equity activities to validate (PoSA) consensus mechanisms.

What is PoSA? How does this work?

Confirms that Share Activity (PoSA) is committed to improving the widely used POS system to build an additional layer of security for the long-term success of blockchain Internet.

PoSA introduces a disruptive change in the world of blockchain, taking into account not only each node verifier's contribution to the Internet, but also their level of thematic activity. This new approach to blockchain building and testing will create the future of the blockchain economy. Before becoming a good opportunity for blockchain operators or verifiers, PoSA applies blockchain smart contracts deployed by verifiers to assess customer behavior and their shares. This also affects the allocation of block rewards.

PoSA focuses on Internet participants who are committed to providing usage value to consumers based on consistent block rewards. The more consumer groups, the greater the level of themed activities, and the greater the reward market share.

Most importantly, this new approach to the blockchain Internet is key to what Fastex hopes to accomplish with its technology. FastexChain is committed to creating a natural environment where Web3 business processes can grow rapidly, and Web2 business processes can be easily accessed and refactored to meet the future development of blockchain. FastexChain will therefore provide support.

What are your expectations for Fastex ecosystem?

Developed and designed by a team with extensive business process work experience, Fastex is a comprehensive data encryption ecosystem dedicated to meeting the needs of all consumers.

Fastex it has rebuilt its ecosystem and is gradually operating with its own blockchain and original tokens. FastexChain and Fasttoken(FTN) It will be the premise of the ecosystem and all the pieces are currently being built to fully complete the vision of the detailed data encryption ecosystem.

Due to the PoSA consensus mechanism, the Fastex ecosystem is committed to integral activities. What's more, the companies identified to build blockchains here could benefit from the same standards. No matter what. The PoSAFastex chain is key to the Fastex ecosystem for Web3 companies wanting to set up their own make-believe world of FastexVerse here, or for the NFT project wanting to launch and attract customers in one of the FTNFT stores.

All of the applications available in the world of Fastex data encryption can be integrated into a comprehensive ecosystem of applications and products, and expanded into a new market to attract even more customers.