Decentralized Network
Decentralized Network
Blockchains are a type of decentralized network, removing any centralized form of decision making thanks to various types of consensus algorithms. The nodes involved in the network interoperate and collaborate with each other to execute these consensus algorithms without the need of any central decision-making source, thus making it a decentralized network.
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Protocol Mechanics
For better classification, differentiation and comparability of different Blockchain networks, we identified different Protocol Mechanics.
Staking Mechanics
Staking Mechanics refer to the token economics, which is a new branch of the economy that explains the structure of a particular ecosystem in the blockchain sphere. It describes the study, design, and implementation of economic systems built on blockchain technology. Each platform and blockchain application is developed under its own token-economics model.
Proof-of-Stake blockchains not only differ in terms of their 'Protocol Mechanics', but also in terms of certain staking-related parameters, e.g. their reward or inflation rate as well as certain actions that are required by delegators.