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What does pps rate mean (how is pps calculated)?

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What does pps rate mean? Today, Vitalik Buterin, the founder of Ethereum, expres

What does pps rate mean (how is pps calculated)?

What does pps rate mean? Today, Vitalik Buterin, the founder of Ethereum, expressed on Twitter that he believes there should be a way for the Bitcoin network to become a decentralized node. At this time, we need to pay a fee to use the system to store and transmit Bitcoin transactions. So what does the rate mean? Simply put, it means that when you spend your money to transfer to someone else or convert it into other tokens, you must pay a fee to participate. In other words, when a person purchases a specific address with their assets, they will receive a corresponding fee (also known as a reward), and this fee will increase over time. However, this situation is impossible to happen.

How is pps calculated?

PPS is a blockchain-based distributed file system that is implemented through technologies such as hash calculation, peer-to-peer transmission, and multi-node synchronization. It is reported that PPS has been recognized as one of the most mainstream payment application software in China. The project adopts a layered storage scheme for construction and management; at the same time, it uses hard disks as the medium for consensus mechanism and smart contract interaction to improve efficiency. The reason why it is called an extensibility solution on Ethereum is that its fast transaction speed and decentralized characteristics enable its network to support large-scale network applications (such as video streaming).

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