It was announced that the sharding process of the Pecu Novus Blockchain Network, a layer-one blockchain network, was been completed on April 27, 2022. This was painstakingly initiated in order to not only improve the speed, scalability, decentralization and security of the Pecu Novus Network for today but it was an initiative that will scale autonomously in an infinite state as activity increases. This will allow the network to seamlessly process tens of thousands of transactions per second of all types, including various non-fungible tokens.
The finalization of the sharding process has also allowed for the Pecu Novus Validator Program to take shape and on May 1, 2022 the Validator Program was officially opened for a select group of 125 Validators to insure that the system was running flawlessly. On May 18, 2022 it will be officially open for any Pecu Novus Member to become a Validator on Windows Systems and earn PECU rewards. The Validator Nodes for Apple Systems will be released in the near future.
The Pecu Novus Network has put global inclusion at the forefront in order to create opportunities for members seeking to become a Validator for the network. The “Proof of Work” model has been a mainstay with some of the largest cryptocurrency networks in the world such as Bitcoin and Ethereum. Ethereum is on the path to reducing the fees and lag time that their members experience through a major upgrade they are initiating; however they will be using the “Proof of Stake” model.
Since the mode of measure is “Proof of Time” for Pecu Novus, there is no staking required by a Pecu Novus member. The need for the heavy energy consumption of a “Proof of Work” model has been eliminated on network keeping Pecu Novus as carbon neutral as possible. The need for a “Proof of Stake” model has been eliminated on Pecu Novus as well due to the inclusion mandate on the network.
In short the “Proof of Time” model allows for true inclusion on the network and cuts the “Velvet Rope” around the ability to host a Validator Node, it allows anyone, anywhere in the world to earn rewards for participating in increasing the security, speed, decentralization and scalability of the network. All that is required is a computer with an internet connection to run a low powered Validator Node from anywhere in the world.
Pecu Novus was original built in 2017 with a purpose of creating solutions for global business as well as global inclusion of all people despite their social status. The sharding of the blockchain network and implementing the “Proof of Time” model was holding true to the purpose of why Pecu Novus was created.
Pecu Novus Members now have the ability to download and host a Validator Node and earn PECU Coin rewards for doing so using the “Proof of Time” model. Members do not have to stake their own coins in order to benefit from the growth of the network; they can simply host a low powered Validator Node.
There are no equations to figure out, no coins to stake , all it calculates is the time that a Validator Node is active.
Each Validator Node will lodge a light node ledger capable of holding millions of transactions, each transaction reconciles instantaneously with the other nodes which matches the block on the blockchain itself. This increases the scalability, security, decentralization and privacy. Due to the Pecu Novus Blockchain Network being sharded and then upgraded to provide infinite scalability as the network grows, the possibilities become limitless.
Through the innovation provided by MegaHoot Technologies, Inc, the Pecu Novus Network is finally on the path to becoming what it was envisioned to be in 2017, a blockchain network for everyone while providing global business with solutions via blockchain technology.
Pecu Novus members can become validators by downloading their validator node on the Pecu Terminal www.pecunovus.net.
For more information on the progress of the Pecu Novus Network and future innovations please go to www.pecunovus.com.
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