There are many type of consensus networks out there but recently a new type of consensus has been out in the industry - Proof of Time. Here the data is time stamped and validated in the network. It would be used for storing various amount of the time based data. This can be helpful for library, newspapers, retail, finance and other archival based use cases. Analog is one such network that makes use of the "Proof of Time".
Analog has been showcasing it's use cases on twitter too. There are multiple industries that can benefit from the Analog's blockchain use.
How does the Analog work?
Like any other blockchain this too requires the stakers, data sources, oracles, smart contract and many other APIs to keep it functional. A lot of data goes through oracle for authentication and also the verification on the data for certain type of data being authentic is processed like that.
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Currently analog can be used as any other blockchain with the currency type of features. But it has it's use on the task based and the management based use case too. A lot of that depends on how the Time based graph API is being used.
Analog is BEP-20 and ERC-20 token and so it makes use of the respective networks for it's dApps and the smart contract development. It also has the support for zKsnark which makes the speed of the transactions lot faster and cheaper.
You can check the official site: https://www.analog.one/
Conclusion
Analog is in it's concept to implementation phase. It has yet to prove it's mantle. And how it solves everyday problems along with the industry pain points is yet to be seen. But it's something worth looking at considering the "Proof of Time" based blockchain network. Keep a tab on it if you are interested.
