/biz/ - Business & Finance

ChainLink Rinkeby testing imminent Anonymous Tue Jul 31 15:32:11 2018 No.10500258 [View]
File: 27 KB, 751x418, Screenshot_2018-07-31 Comparison of the different TestNets.png [View same] [iqdb] [saucenao] [google]

Now why would they test on rinkeby if they are already testing on Ropsten?

Well, the difference between the two test nets is in pic related. Proof of work vs Proof of authority

"Proof-of-authority (PoA) is an algorithm used with blockchains that delivers comparatively fast transactions through a consensus mechanism based on identity as a stake."

- https://en.wikipedia.org/wiki/Proof-of-authority

Now THAT would be necessary for legally binding smart contracts, eh?

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