A Hong Kong-based Matrix AI Network is developing a prototype of a new hybrid PoS/PoW consensus algorithm. This update was shared with Cointelegraph by Owen Tao, the company’s CEO. Tao described ...

The Cosmos-SDK framework and Proof-of-Stake (PoS) algorithm have been chosen as the basis for TEX. Current POS mining of TEX will be stopped by TomiEX upon achieving a user base of 200,000.