Register for the Analog ($ANLOG) Incentivized Testnet
Hello BULBers,
Today I bring to your attention a new and upcoming project called Analog.
This is a great opportunity for you to experience Analog's Timechain and the tools that power up the next generation of omnichain DApps.
What is Analog?
Analog is a novel, Layer-0 blockchain for event data in Web3, powered by Proof-of-Time, with a suite of omni-chain interoperability protocols, which simplifies access to Web3 data and removes barriers to cross-chain communication.
What Powers Analog?
According to techtimes.com, Analog will be using a new blockchain technology called the Proof of Time (PoT).
Proof of Time is a new blockchain consensus mechanism developed by Victor Young, founder of Analog. PoT offers a welcome alternative to the Proof of Work (PoW) and Proof of Stake (PoS) mechanisms, as it looks to overcome many of the long-standing issues prevalent throughout these systems.
In short, PoT algorithms function by selecting network validators according to their "ranking scores" and fixed stake. A ranking score is a numerical weighting attributed to each validator based on the accuracy of how they confirmed historical event data, as well as the experience other validators have had with this particular node. You could think of this as a form of decentralized social proof that confirms the quality (trustworthiness) of each validator.
You can read more on techtimes.com
Current status of their Roadmap
Get involved with the testnet launch and experience first hand, this new era of blockchain technology, whiles getting rewarded for your participation.
Source Credits: techtimes.com
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