Leaderless Proof of Stake

Staking requires that participants hold digital assets in a crypto wallet to support the operations of the blockchain network. In return, holders are rewarded for their contributions. Within the Netdex chain, staking supports both the security (see Section 3.2 below) and the economics of the chain by providing a mechanism to support distributed consensus.

Consensus is vital to ensure that the distributed network is both decentralized and immutable. It is achieved by the action of nodes within the chain – validator nodes. Validators commit a stake and agree to provision nodes according to a specified standard; see Section 5.3 for the technical requirements.

The validator nodes are provided by ecosystem participants in return for EXS rewards. The size of these rewards is based on a set of predetermined rules; see Section 4.5 Validator Reward Program.