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Proof of Importance (PoI)
HomeGlossary TermsProof of Importance (PoI)

Proof of Importance (PoI)

April 17, 2024BY Ubik Capital
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Proof of Importance (PoI) is an innovative consensus algorithm developed by the NEM blockchain protocol, derived from Proof of Stake (PoS). PoI allows a broad range of users to participate in block generation and receive tokenized rewards based on their contribution score. This mechanism prevents asset hoarding and encourages active participation in the ecosystem.

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