Hosky Network Insights into HOSKY's Native Chain
To address the predominant challenges encountered by other DAG networks, Hosky introduces a distinctive "snapshot" mechanism, effectively countering spam from malicious actors. Hosky operates on a Directed Acyclic Graph (DAG) ledger structure, offering a network characterized by low latency and high scalability. As the first public chain to implement smart contracts within a DAG ledger framework, Hosky ensures swift and feeless transactions.
The overarching objective of the Hosky network is to facilitate decentralized bridging between various blockchains. A notable feature is the innovative "snapshot" mechanism, a cornerstone in maintaining consensus within Hosky's ledger. Nodes, referred to as Snapshot Block Producers (SBPs), play a pivotal role in creating snapshot blocks. Users, or Hosky holders, actively participate by voting for SBPs. The top 100 SBPs with the highest votes earn the privilege of producing blocks. In return, SBPs are rewarded with HOSKY tokens based on their block production volume.
Traditionally, SBPs share a substantial portion of their daily rewards with their voters, serving as a form of recognition. In alignment with this collaborative spirit, HOSKY has forged a partnership with the ViNO SBP. Hosky holders interested in supporting the HOSKY project can cast their votes for the ViNO SBP. This qualifies them for daily HOSKY rewards from the ViNO SBP, along with additional HOSKY tokens directly from the HOSKY team. Opting for ViNO SBP not only secures daily rewards but also ensures additional HOSKY tokens, enhancing the overall reward structure compared to supporting an SBP without such supplementary token distributions.
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