Proposed consensus mechanism for the EXX Mainnet.
We are working to implement a scalable Proof of Staked Authority consensus mechanism for EXX mainnet.
How Proof of Staked Authority (PoSA) works
Staking is the process of locking up tokens to support a network while receiving a reward in return at the end of your staking period.
How Does Proof of Stake Work?
A decentralised network must be secured from Sybil attacks and other threats within the system. For us to do this, we implement Proof of Stake which requires that some resources are laid down in order to have influence on the EXX network. In Proof of Stake, this resources are the funds staked in our native tokens EXX.
minimum self-delegated amount: TBA
minimium delegate amount: TBA
Unbonding time: 7 days
offline Unjail fee: TBA
offline jail time: 2 day
offline slashing amount: TBA
Double-sign slashing amount: TBA
Cross-chain relay fee: TBA