Ethereum: What is the NTIME/NANCE range?

Ethereum, the second largest market cryptocurrency of market capitalization, recently introduced a significant improvement in its consensus algorithm: NTIME ranking and Nance Range. This improvement is aimed at ensuring better efficiency, energy efficiency and safety for miners who use it.

What is Nance?

In traditional evidence cryptocurrencies (eats) as Ethereum, miners compete for a solution to complex mathematical puzzles to validate transactions in a block chain. «Nance» is a random number generated by a miner to try to solve these puzzles before another miner finds one that solves them more efficiently than others.

What is NTIME?

Nimee Rolling refers to the new consensus algorithm developed by Ethereum, which replaces the traditional work test (POW). This algorithm allows miners to send blocks (transactions) without the need to generate a lack of CE. On the other hand, the number of blocks (Nance range) is dynamically determined depending on the height and difficulty of the current block.

What does NTIME ROLLING offer?

By eliminating the need to generate Nance, NTIME Rolling offers several benefits:

• Improved performance: With fewer calculation resources necessary to solve complex mathematical puzzles, miners can fill transactions faster.

• Reduced energy consumption: Reduced energy consumption is caused by a lower number of unpaid transactions attempts.

• Increased security: by reducing the relationship between generating lack of CE, the algorithm is more resistant to exploits and attacks.

miners who support NTIME ROLLING

Not all miners now award NTIME, because it requires significant changes in their teams and mining software. However, several important mining groups have announced their support for this new consensus algorithm, which includes:

• It takes a pool

• F2Pool

• Antpool

Update instructions for miners

To update the group to admit that NTIME is going on, follow the following steps:

• See documentation of your group: Check your group documentation or communicate with customer service to get detailed instructions.

• Update mining software

  

  : Make sure that the mining software is compatible with NTIME and install the necessary updates.

While NTIME Rolling offers many benefits, it should be remembered that this new consensus algorithm may negatively affect the main miners who depend on the traditional algorithms of the proof of work (POW). Therefore, it is crucial for these miners to update their equipment and software before switching to NTIME.

From then on, the Ethereum network is still moving to NTIME, which means that there may be some initial fluctuations in block prizes and transaction speed due to this change. However, as more and more miners are taken, these problems are expected to be solved over time.