Consensus Chain

Purpose of the Consensus Chain:

The Consensus Chain plays a vital role in Polar Network by validating transaction outputs from the Execution Chain and ensuring consensus across the network. It ensures that transactions are processed efficiently and unanimously agreed upon in a secure and decentralized manner.

Technical Design and Characteristics:

Consensus Mechanism: Polar Network utilizes a Delegated Proof of Stake (DPoS) consensus mechanism on the Consensus Chain, balancing efficiency, security, and scalability. In this system, network participants delegate their stake to a limited number of validators responsible for validating transactions and creating new blocks.

Transaction Finality:

Engineered for near-instant finality, the chain typically confirms transactions within 2 to 5 seconds after processing. This feature is essential for applications requiring rapid settlement and guaranteed transaction completion.

Validator Participation and Incentives:

Validators play a crucial role in maintaining network integrity, selected based on the stake delegated to them. Incentivized through a rewarding mechanism, the DPoS system ensures a fair and democratic process for validator selection, enhancing network security and decentralization.

Security Measures:

The Consensus Chain integrates advanced security protocols, including Byzantine Fault Tolerance (BFT) algorithms, to defend against malicious activities and network failures. These measures establish a resilient and secure platform, essential for maintaining trust and reliability within the network.

Scalability and Performance:

With the DPoS consensus mechanism, the Consensus Chain scales effectively while maintaining high performance and minimal energy consumption compared to traditional Proof of Work (PoW) systems.