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The new blockchain operating on the Clique consensus is an innovative and efficient network designed primarily for private or consortium-based applications. This blockchain utilizes the Proof of Authority (PoA) mechanism outlined in Ethereum Improvement Proposal (EIP) 225, known as Clique Consensus.
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Scalability and Performance: Clique consensus allows for faster block times and improved scalability, making it suitable for high-performance applications.
Efficiency in Transaction Processing: Due to the limited and known number of validators (or authorities), this blockchain can process transactions much faster compared to traditional Proof of Work (PoW) networks. Targeted Use Cases: This blockchain is particularly strong in environments where participants are known and trusted, such as enterprise blockchain applications, supply chain management, and financial consortia.
Energy Efficiency: The network's low energy footprint aligns well with the growing need for sustainable and eco-friendly blockchain solutions.
In summary, this new blockchain on the Clique consensus stands out for its efficiency, trust-based security model, and eco-friendly approach, making it an attractive option for private and consortium blockchain applications.