Dynamic Consensus Mechanism refers to a flexible method used to achieve agreement among participants in a blockchain network. Unlike static mechanisms that have fixed rules, this approach adapts to changing conditions, improving efficiency and security.In a typical scenario, network nodes work together to validate transactions and update the ledger. A dynamic consensus mechanism can switch between different algorithms or adjust parameters based on factors like network congestion, node performance, and the number of participants. For instance, it might favor one method during high traffic periods and another during quieter times.This adaptability aims to enhance scalability and reduce energy consumption, making the network more responsive and efficient. By employing various consensus methods, it can better accommodate different types of transactions and user needs, creating a more robust ecosystem. Overall, dynamic consensus mechanisms offer a promising approach to enhancing the performance and resilience of blockchain networks.
BitMine Immersion Technologies Reports $2.9B in Ethereum Holdings
BitMine Immersion Technologies (NYSE American: BMNR) disclosed Monday that it now holds more than $2.9 billion worth of Ethereum (ETH),