Unlike the Bitcoin network, the process of block signing within Elements is not reliant on Dynamic Membership Multiparty Signatures (DMMS) and Proof of Work (PoW). Instead, Elements uses a **Strong Federation** of signatories, called **Block Signers**, who sign and create blocks in a reliable and timely manner. This removes the transaction latency of the PoW mining process, which is subject to large block time variance due to its random poisson distribution. The Federated Block Signing process achieves reliable block creation without introducing the need for third party trust.
0 commit comments