What is NYZO?

NYZO is a complete novel and innovative blockchain, developed from scratch to deliver a robust, fast and especially energy efficient operational network. We all know or atleast have heard about Bitcoins enormous energy consumption generated through Proof-of-Work (PoW) – NYZO doesnt have that. With Proof-of-Diversity (PoD) a fully new approach is used to reach consensus – secured by time and diversification.

Proof-of-Diversity (PoD)

So, how does it work?

The NYZO network (Mesh) is build from “Verifiers” verifying new blocks every 7 seconds. The Mesh is seperated in two groups – the so called “In Cycle” and the “Queue”. In Cycle-Verfiers are building the actual blockchain network and generating earnings through verifying blocks, while Verifiers in the Queue are waiting for joining the Cycle.

Every two full cycles, a new Verifier is chosen to join the Cycle by receiving votes from In Cycle-Verifiers. This process is fully automatic and random and every Verfifier has the same possibility to join the Cycle. That guarantees the greatest possible diversification.

Ok, but what role is time actually playing?

With every new Verifier joining the Cycle, the Cycle Lenght is increasing and therefore the time between the last join and the next join is increasing too. That will make it harder over time to get new Verifiers into the Cycle – and harder for an entity to try a 51% Attack. The only way to doing it is by having the majority of In Cycle Verifier in your control. With our actual Cycle Length it would need multiple years and big ressources to succesfully attack NYZO.

Here is a video from one of our community members comparing PoW and PoD – Nyzo: Proof-of-diversity VS Proof-of-work 51% robustness comparison