Consensus speed

The Utility network uses an advanced asyn- chronous consensus algorithm that improves con- sensus speed and reduces confirmation latency. This allows the Utility network to have higher throughput and be able to process a large number of transactions and computational tasks in a short period of time. The consensus speed of the Util- ity network is attributed to its advanced consensus algorithm and multi-layer validation mechanism. The following details the various stages of consen- sus speed.

Firstly, random numbers are generated and verified via VRF (Verifiable Random Function) and the fair and unpredictable selection of pre-burst block miners is ensured at a high level by round, providing a solid foundation for consensus, a pro- cess that is typically completed in less than 10 seconds.

Next, within 2-3 seconds, a pre-burst block miner generates a new block and commits it to the network. This process ensures efficient perfor- mance of the Utility network.

Immediately, within 5- 10 seconds, the new block is broadcast to the entire network, allowing other miner nodes to know the existence of the new block. This helps to improve the transparency and consistency of the network.

After the new block is broadcast, other miner nodes will verify the new block within 1-2 seconds to ensure its legitimacy and correctness. This is a key aspect of the security of the Utility network.

Finally, within 30 seconds of the whole con- sensus process, a new block is created and added to the blockchain of the Utility network. This demon- strates that the Utility network has a fast consensus speed and is able to handle a large number of trans- actions and computational tasks in a short period of time.