Network Validation
Last updated
Last updated
GameChain network leverages a sophisticated consensus algorithm that not only promotes security but also incentivizes participant engagement through a fair and transparent validation process.
The network's validation mechanism is built on three core principles:
Decentralization: Ensuring the network remains protected against attacks and central points of failure by distributing validation power among a wide array of nodes.
Fairness: Adopting a probabilistic approach to validator selection that rewards participants based on their stake, thus encouraging a healthy, competitive environment.
Security: Implementing rigorous criteria and penalties for validators to safeguard against malicious activities and maintain network integrity.
Every five minutes, a new batch of validators is selected to verify the next block of transactions. This selection is based on a weighted random algorithm, where the probability of being chosen is directly proportional to the amount of $GAME tokens staked. The mechanism ensures that while larger stakeholders have a higher chance of being selected, smaller stakeholders still possess a significant opportunity to participate, thereby maintaining network decentralization.
To be eligible for selection as a validator, Game Nodes must:
Own a Game Key license.
Stake a minimum amount of $GAME tokens.
Selected validators are tasked with verifying the transactions within their assigned block. This process is automatic and includes:
Checking the validity of transaction signatures.
Ensuring the transaction has not been previously included in the blockchain (double-spend prevention).
Verifying that the transaction complies with network rules and protocols.
Upon successful validation, the block is proposed to the network to be added to the blockchain.
