DEXVAULT PoS (sidechain)
Overview
DEXVAULT PoS (Proof-Of-Stake) is a sidechain technology. Its protocol architecture is fully compatible but more scalable and efficient. The scaling solutions offered by DEXVAULT PoS for Base-Layer are security and flexibility. In increasing network interoperability, DEXVAULT also offered a cross-chain protocol across different networks.
Here's how DexvaultProof of Stake works:
Validators: In a PoS system, participants known as validators are responsible for proposing and validating new blocks of transactions on the blockchain. These validators are chosen to create blocks in a deterministic or pseudo-random manner, typically based on a combination of factors, including the number of tokens they have staked and other criteria.
Staking: To become a validator, participants must lock up a certain amount of the cryptocurrency's tokens as collateral. This collateral is the "stake." The more tokens a participant is willing to stake, the higher their chances of being chosen as a validator and earning rewards for block creation.
Block Validation: Validators take turns proposing and validating new blocks. When a validator successfully creates and validates a block, they are rewarded with transaction fees and, in some cases, newly minted cryptocurrency tokens.
Security and Trust: PoS is designed to promote network security by making it financially risky for validators to act maliciously. If a validator misbehaves or tries to attack the network, their staked tokens can be slashed (confiscated), which acts as a strong incentive for honest behavior.
Energy Efficiency: Compared to Proof of Work, PoS is often considered more energy-efficient because it doesn't involve the competitive and resource-intensive mining process used in PoW cryptocurrencies like Bitcoin.
Tx Speed
The dexvault PoS network was very intuitive for depositing and withdrawing digital assets. The network is able to process up to 10k TPS with an advanced performance of block production of 3 seconds per block.
Scalability & Eco-Friendly
Fully compatible with all types of ERC standards and can load major data from it with the upgraded timestamp of the network. Similar to Ethereum Beacon Chain, the dexvault PoS network also can save up to 99.95% of electricity consumption.
Cost-Efficient
DexVault is a new blockchain paradise for the community and developers. 100x lower and predictable gas fees .
Endpoints
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