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Hybrid ZK Proof of Stake & Useful Work

ZKN's incentives are a key facilitator of the decentralized nature of the network. Rewards have an innovative approach to balance the use of a single token within the context of providing a high-resolution of component-specific incentives to properly sustain the network and its growing ecosystem. Network components include but are are not limited to protocol revisions, test networks, as well as different types of devices, supportive services, and their measurable differentiating characteristics.

Zero Knowledge Proofs​

ZKProofs protect the privacy of node characteristics and their operators by separating and privatizing personal information including crypto accounts, rewards, Implemented as runtime modules within ZKN's Application Chain, protocol consensus mechanisms are facilitated with cutting-edge flexibility and privacy. Protocols are able to evolve as needed and support a multitude of incentivized opportunities uniquely tailored to the characteristics of the decentralized service being rewarded.

Proof of Useful Work​

Unlike other decentralized systems that rely on useless computations for proof-of-work consensus, ZKN financial rewards are aligned to promote network decentralization, growth, and overall health by measuring and rewarding that which supports the network; i.e. useful work. In this manner, even lightweight nodes are able to contribute to the network's decentralized operations as full nodes. Within the decentralized ZKNetwork, useful work includes but is not limited to:

  • transmission of data (network)
  • storage
  • compute
  • proof validation

Proof of Stake​

Additionally and in tandem, proof-of-stake promotes network health by rewarding good behaviors and eliminating bad ones including but not limited to network spamming, DDoS, and malicious and/or poorly performing nodes. In order to contribute and be rewarded for useful work, nodes must also stake tokens to qualify. For an illustrative example of node staking and rewards clmain, refer to ZKN's Private Operations.