Blockchain Alliance

Ainomo uses both public and private blockchains depending on the specific requirements and goals of the project. Public blockchains such as Ethereum are used to create decentralized applications (DApps) and smart contracts that are accessible to a wide audience.

Private blockchains, in turn, are used for internal corporate solutions where controlled access and increased transaction speed are required.

One of the key features of the Blockchain technology used in Ainomo is smart contracts. These are self-executing contracts with code that automatically executes, controls, or documents events and actions according to the terms of the contract.

Smart contracts allow you to automate processes, reduce the number of intermediaries and costs, and increase the security and reliability of financial transactions.

To ensure data consistency and network security, Ainomo uses consensus algorithms such as Proof of Work (PoW) and Proof of Stake (PoS), as well as newer and more efficient mechanisms such as Delegated Proof of Stake (DPoS) and Practical Byzantine Fault Tolerance (PBFT).

The choice of consensus algorithm depends on the specific security, speed and scalability requirements of the blockchain network.