1. Consensus Mechanism Design Philosophy
CoreXChain is built with the philosophy:
Optimal balance between Security – Decentralization – Performance.
2. CoreXChain Consensus Model
CoreXChain applies an enhanced Proof-of-Stake (PoS) mechanism, combining:
Dynamic Validator Selection.
Clear incentive and penalty (slashing) mechanisms.
3. Validator Network
3.1. Role of Validators
Validators are nodes responsible for validating/packaging transactions and maintaining network stability. They must stake CORX tokens to participate.
3.2. Validator Selection Mechanism
Selection is based on the amount of tokens staked, uptime history, and performance reliability to prevent power concentration.
CoreXChain allows CORX token holders to delegate their tokens to validators, allowing the community to participate in security and earn fair rewards without running a node.
5. Finality & Confirmation Speed
The mechanism is designed for near-instant transaction finality, which is critical for real-time e-commerce payments.
6. Incentive & Slashing
Incentives: Rewards from transaction fees and scheduled token distribution.
Slashing: Economic penalties for fraud, invalid block creation, or prolonged downtime.
7. Network Security
Multi-layered measures including Sybil attack resistance, 51% attack prevention through PoS, and global node distribution.
8. Smart Contract Security
Focuses on standardized payment contracts, periodic audits, and secure patch mechanisms to minimize vulnerabilities.
9. Governance & Upgrade
On-chain governance allows token holders to vote on proposals, while validators execute technical upgrades without system disruption.
CoreXChain does not just build a secure Blockchain; it builds a platform trusted enough for enterprises to operate real cash flows.