Krown Network WiKi
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Krown Network WiKi
Krown Network WiKi
  • Krown Network Overview
    • โ›ณOur Vision
    • ๐Ÿ’ŽA Kingdom Where Crypto Reigns
  • SOCIAL PROOF
  • ๐Ÿ“ƒExecutive Summary
  • ๐Ÿ“Problem Statement
  • ๐Ÿ“ˆMarket Opportunity
  • ๐Ÿ›๏ธGovernance Structure
  • ๐Ÿ›ก๏ธSecurity Model
  • ๐Ÿ’กUse Cases
  • ๐Ÿ‘ฉโ€๐ŸซTeam and Advisors
  • ๐Ÿ—ฟPartnerships
  • *๏ธRisks and Mitigation
  • ๐ŸŽฏToken Utility
  • ๐Ÿ“ถCompetitor Analysis
  • ๐Ÿ‘พFuture Vision
  • โ†—๏ธHow to Buy Krown Coin
    • CREATING A WALLET
    • ๐ŸฆŠBuy with MetaMask
    • Buy with Trust Wallet
    • Buy with ETH or BNB
    • ๐Ÿ›ƒBuy with USDT
    • ๐Ÿ’ธBuy ETH or BNB with a Card
    • Buy with BTC or Kaspa
    • Buy with DOGE or SHIB
    • Buy with Solana or XRP
    • Buy with Fantom or Cardano
  • Intro to Blockchain and Crypto
    • The Evolution of Blockchain
    • ๐Ÿ’นPoW vs. PoS
    • โ‡๏ธThe Role of Crypto in a Decentralized Economy
  • PoS vs. PoW
    • Why PoS Makes Krown Blockchain Superior
      • โš’๏ธProof of Work (PoW): The Traditional Model
      • ๐Ÿช…Proof of Stake (PoS): The Superior Alternative
      • ๐Ÿ—ปWhy Krown's PoS Blockchain is the Future
      • ๐Ÿ’ฅConclusion: PoS Is the Clear Choice for the Future
  • Staking Rewards & Slashing Penalties
    • ๐ŸคStaking Rewards Without Minting New Tokens
      • ๐Ÿ”ฆSlashing Penalties
      • ๐Ÿ’นBenefits of a Fixed Supply Staking Model
      • ๐ŸŽ›๏ธConclusion
  • ๐Ÿ‘ฝNotable Features of The Krown Network & Blockchain
    • ๐ŸŽUnmatched Rewards System
    • โš–๏ธScalable and Efficient PoS Blockchain
    • ๐ŸŽLargest Crypto Ecosystem in the World
    • ๐ŸฅˆEco-Friendly and Sustainable
    • ๐Ÿš๏ธSeamless Developer Experience with Smart Contracts
    • ๐Ÿ€Deflationary Asset Model
    • ๐ŸฆธInclusive Staking for All Users
    • ๐Ÿ”Unparalleled Security
    • ๐ŸšงLow Barriers to Entry
    • ๐ŸฏExtensive Use Cases
    • ๐Ÿ’ฑThe Future of Crypto is Here
  • Camelot Ecosystem
    • โญIntroduction
    • ๐Ÿช™Krown Coin (KROWN)
      • ๐Ÿ’ผKey Uses of Krown Coin (KROWN)
      • ๐Ÿ‡น๐Ÿ‡ฐKROWN Tokenomics
        • ๐Ÿ’ฏTotal Supply
        • ๐ŸงขDistribution and Allocation
        • ๐Ÿš–Transaction Fees and Taxes
        • ๐ŸชฉReflections
        • ๐Ÿ“‰Charity Contributions
      • ๐Ÿ’ธKROWNโ€™s Economic Model
        • Initial Distribution
        • Transaction Fees
  • ๐Ÿ‡ซ๐Ÿ‡ฒThe Krown Blockchain
  • KrownSocial
  • ๐Ÿ’ฒKrownCash
  • KrownPay
  • โ™ฃ๏ธKrownCard
  • โญ๏ธKrownEX
  • ๐ŸŽจKrownMint
  • KrownBank
  • KrownVault
  • Krown Casino
  • Krown Explorer
  • KrownSwap
  • ๐Ÿ“KrownPad
  • KrownAI
  • ๐ŸซKrown University
  • ๐ŸชKrown Store
  • ๐Ÿ‡KrownRanker
  • Krown Charities
  • Excalibur
  • ๐Ÿš๏ธKrown Agency
  • KrownSure
  • ๐Ÿ›ŸKrown Rewards
  • Krown Physical Coin
  • ๐ŸŽฎKROWN (The Game)
  • ๐Ÿ—ณ๏ธKrown Wallet
  • The Royal Journey (Roadmap)
    • Year 1 (2024-25)
    • Year 2 (2026)
    • Year 3 (2027)
  • Special Events & Groups
    • The Krown Konference (Annual)
    • ๐ŸŽฉCamelot Gala (Exclusive)
    • ๐Ÿ‡ง๐Ÿ‡ฎThe Roundtable (Inner Circle)
    • ๐ŸKrownCon Hackathon (Annual Developer Event)
  • Brand Identity
    • ๐Ÿ”ฎSlogan & Font
    • Main Logo
    • KrownCoin Logo
  • Glossary
  • Important Legal Considerations
    • Disclaimers and Limitations of Liability
    • Governing Law and Jurisdiction
    • Arbitration
    • No Class Action
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  1. PoS vs. PoW
  2. Why PoS Makes Krown Blockchain Superior

Proof of Work (PoW): The Traditional Model

Proof of Work (PoW) is the original consensus mechanism used by early blockchains like Bitcoin and Ethereum (prior to Ethereum's switch to PoS). In PoW, miners compete to solve complex cryptographic puzzles, with the first miner to solve the puzzle earning the right to add the next block to the blockchain and receive the block reward. This process, known as mining, requires significant computational power and energy, making PoW blockchains notoriously energy intensive.

Limitations of PoW:

  1. High Energy Consumption: PoW mining consumes massive amounts of electricity. For example,

    Bitcoinโ€™s mining network alone consumes more energy than some small countries, raising

    environmental concerns about its sustainability.

  2. Centralization Risk: Mining power tends to centralize in regions with cheaper electricity, leading

    to concerns that a few mining entities control a disproportionate amount of the networkโ€™s hashing

    power.

  3. Barrier to Entry: PoW mining requires expensive, specialized hardware (such as ASICs), making it

    difficult for everyday users to participate. This leads to further centralization of mining power and

    limits the inclusivity of the network.

  4. Scalability Issues: PoW blockchains struggle to scale due to the time and energy required to

    process each transaction. As networks grow, congestion can lead to slower transaction times and

    higher fees.

PreviousWhy PoS Makes Krown Blockchain SuperiorNextProof of Stake (PoS): The Superior Alternative

Last updated 7 months ago

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