WEMIX3.0

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WEMIX3.0

2024-07-09 06:09| 来源: 网络整理| 查看: 265

An open and autonomous Governance model that anyone can participate in

Validator node operation by the 40 selected authority partners known as WONDERS will be discontinued, and the governance module will transition to an open and autonomous node participation system where anyone can become a WEMIX3.0 validator based on their staking volume.

Based on the total WEMIX staking volume per node, the top 40 nodes will be periodically selected to validate transactions, transitioning from an SPoA(Stake Proof of Authority) model to a PoS(Proof of Stake) model.

A slashing policy will be implemented to ensure the fair operation of validator nodes, particularly in cases of deliberate collusion against the interests of the ecosystem or as a possible consequence of node misconfiguration. Slashing will penalize the node by deducting a portion of its existing stake, and this action is irreversible.

Democratized governance is completed at this stage, and the Mainnet will be upgraded to WEMIX4.0. The schedule is yet to be determined.



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