Whitepaper
  • Abstract
  • Inroduction
    • Background
    • Overview of CTEX Chain
    • Goals and Objectives:
    • Structure of the Whitepaper
  • Market Analysis
  • Problems Addressed
  • Solution Overview
    • Core Features
    • Technical Specifications
    • Transformative Potential
  • Ctex Network
  • Delegated Proof of Stake (DPoS)
    • EVM Compatibility
    • Consensus Mechanism
    • Transaction Execution
    • Gas Fees Calculations
  • DPoS with CTEX
  • Ecosystem
    • Exchange
    • Swap
    • Pay
    • Star
  • Mining Reward
  • Use Cases
  • Distribution
  • CCT (Governance DAO)
  • Security Measures:
  • Roadmap
  • Conclusion
  • Social Media
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  1. Delegated Proof of Stake (DPoS)

Consensus Mechanism

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Last updated 1 year ago

Consensus Mechanism in CTEX Chain:

CTEX Chain implements the Delegated Proof of Stake (DPoS) consensus mechanism in conjunction with the Ethereum Virtual Machine (EVM) to validate transactions and maintain network security. This combination ensures efficient transaction processing, decentralization, and network integrity. Below are the key aspects of the consensus mechanism within the CTEX Chain ecosystem:

  1. Delegated Proof of Stake (DPoS): DPoS is a consensus algorithm that relies on a select group of elected validators to validate transactions and produce new blocks. In the CTEX Chain ecosystem, token holders participate in the consensus process by voting for delegates who serve as validators. These validators are responsible for confirming transactions and adding them to the blockchain.

  2. Validator Selection and Governance: In CTEX Chain, validators are selected through a decentralized voting process where token holders cast votes to elect delegates. The top-ranked delegates based on the number of votes received become validators with the authority to propose and validate blocks. This democratic governance model ensures decentralization and community involvement in the consensus process.

  3. Block Proposal and Validation: Elected validators within CTEX Chain propose new blocks containing validated transactions executed by smart contracts on the EVM. Validators utilize their computational resources to verify transactions, ensuring their validity and adherence to network protocols. Once a block is proposed, it undergoes validation by other validators to confirm its authenticity and consensus agreement.

  4. Network Integrity and Security: The DPoS consensus mechanism employed by CTEX Chain enhances network integrity and security by decentralizing block production and validation. Through the collective efforts of elected validators, the network achieves consensus on the validity of transactions and maintains the integrity of the blockchain. This distributed approach mitigates the risk of centralized control and malicious attacks, bolstering network resilience.

  5. Efficient Transaction Processing: By leveraging DPoS in conjunction with the EVM, CTEX Chain ensures efficient transaction processing and scalability. The delegated nature of DPoS allows for fast block production and validation, enabling the network to handle a high throughput of transactions. This efficiency is critical for supporting decentralized applications and facilitating seamless user interactions within the CTEX Chain ecosystem.

In summary, the DPoS consensus mechanism within CTEX Chain, operating in conjunction with the Ethereum Virtual Machine (EVM), facilitates decentralized block validation, network security, and efficient transaction processing. Through the collaborative efforts of elected validators, CTEX Chain ensures network integrity, decentralization, and scalability, laying the foundation for a robust and resilient blockchain ecosystem.