Economic Innovations in Kalp
Kalp has several novel features to foster sustainability, fairness, and efficiency within its ecosystem:
Raft Consensus Mechanism
Kalp employs a leader-based consensus model where leaders are KYC-verified to ensure integrity. Leaders are rotated frequently, preventing centralization and ensuring equal opportunities for all validators. This model enables rapid block creation and efficient consensus. Rewards are distributed equitably based on network availability, ensuring that all active participants benefit fairly. The design minimizes computational waste and avoids the inefficiencies seen in traditional consensus mechanisms.
Gas Pricing Mechanism
The gas pricing system separates fees for computation (execution gas) and storage, providing users with predictable and fair costs. This mechanism incentivizes validators to optimize operations, leading to efficient and sustainable network performance.
Efficient and Non-Blocking Transaction Processing
Kalp incorporates an architecture that supports high-throughput transaction processing through FIFO (First In, First Out) ordering. By segregating transaction execution from consensus processes, the platform ensures that validators can scale throughput simply by adding more computing resources.
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