Announcement of New Consensus Node on PlatON
On Jun.13, 2019, PlatON officially announced that Tushare became the latest consensus node of Baleyworld, the test net of PlatON. Tushare will co-host and help complete the ecosystem of PlatON by promoting the mutual data service and network construction.
Tushare, one of the earliest and largest financial data providers in China, provides data service solutions in stock, fund, futures, option, foreign exchange, micro economy and industrial economy, etc., and the world’s breaking news & market info. Tushare helps quantitative investors get the data they want quickly based on the data acquisition model of HTTP with its tool kit of Python, R and Matlab SDK, saving the time in the research to greatly improve the investment efficiency.
Tushare is specialized in improving data collection and data reduction with its huge data resources and powerful service platform. PlatON is dedicated in building the ecosystem for data privacy protection, data right confirmation and data application using blockchain combined with high-end technologies. Being a consensus node of PlatON means that there will be a deep cooperation between PlatON and Tushare on data collection, network construction, community service, etc, bringing more use cases for PlatON network.
PlatON adopts Giskard elections based on the computing contribution value to select the most qualified consensus nodes that are truly active and honest to blockchain network and community members, for the purpose to avoid wasting computing power and improve consensus performance. Tushare, as the latest consensus node, will help deal with the transactions in PlatON and pack the transaction data into blocks. Thus, other consensus nodes will only need to verify the legality of new blocks with which the transaction data packed by Tushare. Giskard elections plays an important role in helping PlatON be a high-efficient blockchain network as the collaboration work performed by all consensus nodes will greatly improve the transaction performance by reducing the block verification time.
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