Pecu Novus is a layer-one blockchain network that was built in 2017, originally geared towards solving inherent issues with conducting global business. In March 2022 the integration of an overhaul of the network began and as of August 27, 2022 a new age has come with the step by step roll out of Pecu Novus 2.0, a complete overhaul of the entire network. This has been underway in the development phase since late 2021 under the guidance of MegaHoot Technologies.
The overhaul has been dubbed “Code Falcon” and the results are a fully functional mainnet with the ability to dynamically split and shard automatically as the need arises. This has done a number of things for the network such as increasing the speed and scalability, so as the usage increases the network will expand dynamically to meet that demand.
It also allows for increased security protocols to be put in place to protect the network, network members and the developers that will be building platforms on the backbone of Pecu Novus. Additionally it will increase the decentralization of the network while keeping the network member experience robust with platforms that are simple to use.
Through the use of Proof of Time, not Proof of Stake, it has allowed Pecu Novus to increase inclusion based on the efforts of each node validator, which holds true to what technology is supposed to do, include all people. So anyone can actually become a Validator without any coding knowledge because the client is autonomous with no coding involved. Validators that put the effort in to actively run a simple client on their computer with an internet connection does a few thing such as helping to strengthen the security and speed of the network. For this the Validator earns rewards for their efforts.
The Proof of Time concept has allowed Pecu Novus to be a carbon neutral network while allowing for mass inclusion. Security is always at the forefront and with proprietary security protocols in place across the entire ecosystem, it will protect network members, their digital assets on the network, decentralized apps and enterprise level members.
Validator nodes on the Pecu Novus Network are autonomous and they are low powered. The interface is self driving and requires no human intervention, just simply an internet connection. There are no complex equations to solve or any PECU that has to be staked in order to run a node. There is no coding involved, basically it is a plug and play scenario that has a rewards system based on the efforts of the Validator.
They are not based on Proof or Work or Proof of Stake. It is based on Proof of Time. In short the time a node is live is what dictates the PECU reward received. This allows for inclusion of many network users globally to participate in the growth and security of Pecu Novus while earning rewards based on their efforts.
Another component is Proof of History, since all transactions on the network are timestamped it allows for full transparency on when a transfer was made. Also Proof of History is included in the reward structure, the more a node is used by the network the greater the reward.
Current Bitcoin and Ethereum miners may find the low power usage validator nodes appealing to their current business model.
PNP16 and Developers
The PNP16 protocols allow developers to onboard both centralized and decentralized applications on the network via SDK’s in various formats that would benefit the growth of the Pecu Community. The developer area is in the process of being added once the tools are available for public use.
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