Who Controls Pecu Novus?

The simple answer is no one, now let’s go over this.
The Pecu Novus Blockchain Network operates without a central authority or governing entity. It relies on a network of nodes, each independently contributing to the network’s security and functionality. These nodes can be run by anyone interested in participating, ensuring a distributed and inclusive ecosystem. The stewardship, innovation and continued maintenance of the blockchain network was placed with MegaHoot Technologies in 2022, which lead to the overhaul of the entire network producing a very fast, secure, scalable and efficient network.
Unlike traditional Proof of Work (PoW) or Proof of Stake (PoS) mechanisms, Pecu Novus utilizes a unique Proof of Time (PoT) consensus mechanism. PoT doesn’t require staking or resource-intensive mining. Instead, it rewards participants based on the time their nodes remain active and contribute to the network’s operation.
The source code governing the Pecu Novus network will be open-source in 2024, the documentation had to be upgraded along with the upgraded to Pecu Novus 2.0. This means that the protocol’s rules and features will be able to be reviewed and upgraded by the community. It encourages transparency, security, and innovation as anyone can suggest changes and improvements.
The promotion of inclusion is key, Pecu Novus welcomes anyone interested in running a node to join the network. There are no discriminatory entry barriers like high staking requirements or resource-intensive mining setups. As long as a node remains active, it contributes to the network’s security and functionality.
The resilience of the network is based on it’s decentralized nature, this enhances its resilience against single points of failure and cyberattacks. It reduces the risk of control or manipulation by any single entity, making it a robust platform for secure digital transactions.
Pecu Novus operates as a global, collaborative effort. It fosters cooperation among participants from various backgrounds and locations, promoting diversity and a wide range of perspectives.
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