SwapDEX SDXb. Price of cryptocurrency: $ 0.00674552

A research chain called Kusari-Network and a leading network called SmartDEX-Network form the initial seed of a Defi platform.
The SmartDEX-Network is maintained by people who have been selected through a NPoS consensus design.
When validators behave correctly, rewards are given out, and they are punished with a slashing mechanism.
There is a community-run governance scheme that can change any swapDEX design or decision through formal consensus.
The user's right to participate in governance is never delegated and the validator selection is completely independent from governance.
NPoS is a Proof-of-Stake (PoS) variant that replaces Nakamoto's consensus protocol's highly inefficient Proof-of-Work (PoW) design with a Proof-of-Stake architecture.
NPoS is used to advance chain security, enable a fair representation and satisfaction of users, and boost efficiency.
The approaches in these networks vary in design choices, such as the incentive structure, the number of validators elected, and the election rule used to select them.
We focus on fully decentralized finance.
Blocks and blocks constructed by other validators are produced byvalidators.
A committee of validators is elected according to the current nominator's preferences.
Both validators and nominators lock their coins as collateral and receive staking rewards on a pro-rata basis, but may also be slashed and lose their collateral if backed validators show malicious or negligent behavior.
Nominators participate indirectly in the consensus protocol with an economic incentive to pay close attention to the evolving set of validator candidates and make sure that only the most capable and trustworthy among them get elected.