Leveraging PoW Consensus
Neva operates on a Proof-of-Work (PoW) consensus mechanism, optimized for scalability and decentralization. As a fork of Ethereum's PoW model, Neva incorporates enhancements to support high transaction throughput, low gas fees, and robust network security, ensuring a seamless and efficient blockchain experience.
Key Features of Neva's PoW Consensus
Scalability Optimizations
Neva processes over 1,000 transactions per second (TPS) through advanced block handling and validation techniques.
Low gas fees, typically below $0.01 per transaction, enhance usability for dApps and everyday transactions.
Decentralized Mining
Mining is open to anyone with the appropriate hardware, ensuring equal participation in securing the network.
Miners validate transactions and create new blocks, earning rewards while maintaining network integrity.
Block Finality
Blocks achieve finality within 3 seconds, enabling faster transaction confirmations without compromising security.
Security
Neva leverages PoW to protect against Sybil attacks and maintain a trustless environment.
The network’s distributed structure ensures resilience against centralization and single points of failure.
Forked from Ethereum
By building on Ethereum’s PoW foundation, Neva inherits proven security features while implementing scalability improvements tailored to its unique ecosystem.
Mining on Neva
Mining NEVA tokens is a crucial aspect of securing the network and earning rewards.
Miners can participate individually or join mining pools to collaborate and increase efficiency.
Hardware Requirements: Standard GPU-based setups are sufficient to participate in mining on Neva.
Why PoW for Neva?
True Decentralization: PoW ensures network integrity by relying on computational work rather than staking tokens, preventing wealth-based centralization.
Proven Security: PoW remains one of the most battle-tested consensus mechanisms in the blockchain space.
Inclusivity: Anyone with the required hardware can participate, fostering a decentralized and democratic network.
Neva’s PoW consensus model combines the security and reliability of Ethereum's proven framework with groundbreaking optimizations for scalability and decentralization. By empowering miners and integrating advanced features, Neva delivers a next-generation blockchain platform for developers and users alike.
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