Giant Mammoth Chain relies on Proof-of-Stake Authority (PoSA) consensus algorithms. This is a hybrid approach that combines the advantages of Deleted Proof of Stake (DPoS) and Power of Attorney (PoA).
DPoS is an agreement algorithm in which a person who has been granted the right to vote according to the amount or duration of cryptocurrency holdings selects a verifier through voting.
PoA is a consensus algorithm that selects verifiers based on the reputation or identity of individuals and organizations. Because blocks and transactions are validated only by pre-approved participants, the system is highly scalable.
PoSA is a consensus algorithm that combines this DPoS and PoA consensus method.
A person with a large amount of cryptocurrency holdings selects a verifier through a vote and re-elects a verifier every 24 hours to dismiss a less reliable verifier. This enables fast processing while maintaining security.