What is Proof-of-time?
'''Proof-of-time''' is a [[blockchain]] consensus mechanism based on selecting validators in proportion to their ranking scores and a fixed stake. The algorithm gives each validator a score based on its historical experience and other validators’ experience with the node.<ref>{{Cite journal|last=Drescher|first=Daniel|date=16 March 2017|title=Using the Blockchain|url=https://link.springer.com/chapter/10.1007/978-1-4842-2604-9_24|journal=Blockchain Basics|pages=222-223|via=Springer}}</ref><ref>{{Cite web|last=Thompson|first=David|date=25 July 2022|title=Proof Of Time Explained - Is This The Next Big Thing?|url=https://www.techtimes.com/articles/278442/20220725/proof-of-time-explained-is-this-the-next-big-thing.htm|access-date=11 October 2022|archive-date=27 July 2022|archive-url=https://web.archive.org/web/20220727040022/https://www.techtimes.com/articles/278442/20220725/proof-of-time-explained-is-this-the-next-big-thing.htm|url-status=dead}}</ref> Proof-of-time is a consensus protocol. It uses a “self-selection voting mechanism” based on a verifiable delay function to choose validators. It focuses on how long the validator has been accurate and active within the network. The mechanism is performed in two stages, namely soft and hard voting.<ref>{{Cite web|title=Proof-of-Time vs Proof-of-History - What Is the Difference? {{!}} HackerNoon|url=https://hackernoon.com/proof-of-time-vs-proof-of-history-what-is-the-difference|access-date=2022-10-11|website=hackernoon.com|language=en}}</ref> == References == {{reflist}}{{technology-stub}} [[Category:Cryptocurrency]]