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Introducing a new cryptocurrency with a revolutionary Proof of Snake consensus mechanism.
It 100% scales.

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@earnestlockheart

disclaimer: while typing this I slowly realized how hard it is to explain, but I hope this clears it up a little.

In crypto currency like bitcoin there is no central authority who is in charge, so all participants have to find another way to figure out if a transfer of coins is legit or just someone bullshitting. (the participants must reach a consensus).

Different cryptocurrencies have different mechanisms (consensus algorithms) to figure out the truth. How that actually works is mathy and hard to explain for me so I will skip that, but to get the joke you only have to know that the most well known consensus algorithms are: Proof of Work (do work solving hard equations) and Proof of Stake (use coins you already own as collateral).

Proof of Snake is a pun on the last one, where I would imagine you must somehow use snakes to verify transactions?

The last line is a reference to the scalability of, for example bitcoin, which has gotten slower as it has gotten bigger (scales badly) and the fact that snakes have scales.

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@earnestlockheart

if you really want to get a feeling for how it actually works (and have 20 minutes), I would highly recommend 3blue1brown'9 youtube video which explains it way better than i ever could: youtu.be/bBC-nXj3Ng4

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