What is a Xai sentinel node?In the Xai blockchain network, sentinel nodes play a vital role. They are dedicated nodes responsible for ensuring the security and reliability of the system. The main function of the sentinel node is to monitor the Xai convolution protocol to detect any erroneous or malicious blocks. Once a problem is discovered, the sentinel node will immediately issue an alert, prompting the community to intervene and maintain the integrity of the network.
Monitoring and Alerting
Sentinel nodes continuously observe block proposals in the network to ensure there are no discrepancies or anomalies. If erroneous blocks are discovered, they quickly alert the community so corrective measures can be taken to prevent potential fraud or errors. This real-time monitoring mechanism provides a strong security guarantee for the Xai network.
Device compatibility: Sentinel nodes are designed to run on a variety of devices, including laptops, desktops, and cloud instances. This flexibility allows a wide range of users to participate in network monitoring and maintenance, further enhancing network security.
reward system
Operators of sentinel nodes can receive esXAI tokens as rewards by participating in network monitoring. The reward mechanism is based on a probabilistic algorithm, and users can increase rewards by staking additional esXAI tokens. This incentive not only encourages users to actively participate in network maintenance, but also promotes the circulation of tokens.
Verification role: Sentinel nodes cooperate with the referee contract and are responsible for verifying the correctness of block declarations. This process ensures that only valid blocks are added to the blockchain, thus maintaining the integrity of the network. By deploying sentinel nodes, the Xai network has enhanced its security framework, providing strong defense against fraudulent activities and ensuring that all participants can conduct transactions in a trustworthy environment.
Xai Token Economics
Xai's token economy is designed to support and stabilize its blockchain gaming platform, providing a balanced ecosystem for users and developers.
Utility and Purpose of XAI Token: XAI is the main token for gas fees on the Xai third-layer blockchain and is fully transferable. This design aims to facilitate smooth transactions within the ecosystem and conforms to the practical standards of existing blockchain layers. Users can use XAI tokens to pay transaction fees, making the network more efficient.
Utility and Purpose of the esXAI Token: esXAI is a non-transferable tagging token that allows holders to enjoy a variety of benefits, such as increasing earnings, participating in special events and NFTs, and participating in the governance of the DAO/Foundation. This design incentivizes long-term participation in the Xai network and enhances community cohesion.
Redemption process
Conversions between XAI and esXAI are bi-directional, with conversion rates designed to encourage long-term holding. This strategic approach helps maintain the economic balance of the ecosystem and ensures the stability and liquidity of the token.
Initial distribution of XAI: XAI tokens are distributed among the core team, investors, and ecosystem, with each tranche having a specific post-TGE (Token Generation Event) unlocking schedule. This controlled issuance strategy ensures that tokens gradually enter the market and avoids excessive market volatility.
Emission and burning mechanism: Xai adopts a dynamic supply mechanism to implement the burning process for XAI and esXAI tokens. The burning mechanism implemented through gas fees and redemptions effectively manages the token supply and ensures the sustainable development of the network. This mechanism not only helps reduce the total number of tokens on the market, but also increases the value of the tokens.
The role of sentinel nodes
Sentinel nodes play a vital role in the integrity of the network. Sentinel nodes promote active network support by earning esXAI rewards and increasing your odds by staking esXAI. This mechanism ensures the security and reliability of the network and provides users with a trustworthy trading environment.
in conclusion
The design and economics of the Xai token reflect a comprehensive strategy to balance utility, rewards, and governance to promote a sustainable, growth-oriented blockchain gaming ecosystem. By deploying sentinel nodes and establishing a reasonable token economy, the Xai network not only improves security, but also provides an ecological environment full of opportunities for users and developers.
In the future, as blockchain technology continues to develop, the Xai Network will continue to optimize its token economy and security mechanisms, and strive to create greater value for all participants. In this field full of potential, XAI token will undoubtedly become an important force in promoting the development of the blockchain ecosystem.