Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

REI Network improves slashing mechanism to address validator misconduct

CointimeCointime2023/11/08 06:54
By:Cointime

Lightweight EVM-compatible chain REI Network on X platform announced that it has improved its slashing mechanism to effectively address improper behavior by validators. Initially, validators may face penalties due to unclear proofs or blocks, but now with the latest upgrade of REI DAO, punishment measures have also been customized. For validators who cause significant damage, such as blockchain forks caused by double signatures, they may face up to 100% slashing based on actual damage; for non-harmful events or validators who make positive contributions to the network, the penalty is decided by REI holders through REI DAO proposal voting. This adjustable approach is in line with community intentions and prevents bad actors, adjusting slashing targets and amounts in line with community consensus, and increasing the cost of malicious behavior, minimizing losses to innocent validators and ensuring the stability of the REI network.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Swiss Sygnum sees surge in cryptocurrency spot and derivatives trading in H1, plans to expand to EU and Hong Kong

Cointime2024/07/25 00:41

Hashdex Files S1 for Bitcoin and Ethereum Index ETFs

Cointime2024/07/25 00:41

Yesterday, GBTC funds had a net outflow of US$26.2 million

Cointime2024/07/25 00:41

Nine Ethereum ETFs Launch in US, But Post Significant Losses in First Two Days

Cointime2024/07/25 00:41

‌Spot copy trading

More
AIOnline
AIOnline
insight1000/1000
10353.21%
ROI
Total profit $52801.35
HappyPlanets
HappyPlanets
insight500/500
15747.81%
ROI
Total profit $31495.6

Bot copy trading

More
GoldenEgg
GoldenEgg
insight148/150
$2886.58
Total profit
Total subscriber profits $-285.11
BGUSER-FFF8CNJ4
BGUSER-FFF8CNJ4
insight8/150
$1281.7
Total profit
Total subscriber profits $97.94