What algorithm does Foil Network use?
FOIL Network is a PoS/LPoS/DPoS blockchain built on Java. It is a scalable, interoperable and multifunctional blockchain network protocol, which serves as a platform for creating unique decentralized economies within a multi-tier distributed, autonomous, and circular ecosystem. FOIL as a Blockchain-as-a-Service technology, is designed to improve the integration of blockchain for real world applications.
We made a choice in favor of PoS because of the technology, environmental friendliness and safety of this algorithm. Working on it, the Foil Network will be simultaneously protected from 51%+ attacks and will not affect the environment. Our blockchain also provides sufficient infrastructure for the development of DeFi, GameFi and other applications.