Consensus BLC20

To participate in securing network consensus, node operators must run nodes and must do staking with the minimum amount of BLC coins required currently set at 1.500.000 BLC.

The Blockscape Network ($BLC20) uses a variant of Delegated Proof of Stake (DpoS) variant to achieve consensus. Consensus is guaranteed by a large number of pendent validators. Validators are also responsible for the most important type of governance within Blockscape. Blockscape is designed to ensure fast block confirmation times and low transaction fees.

Consensus refers to the process of agreement between nodes in the network. Nodes must agree on which transactions to include in the next block in the chain before those transactions are confirmed.

Validators can expect to publish blocks equal to their share of the total shares. Since Blockscape uses dPoS, validators can increase their share by withdrawing BLC coins from delegators. Validators who violate consensus rules (for example, not disclosing random numbers) can expect their shares (including delegator contributions) to be frozen. This provides a strong incentive for validators to behave in a desirable way.