Article Summary, Automatically Generated By AI
Summary of FONSmartChain
- FON Smart Chain is a solution for programmability and interoperability on Beacon Chain.
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Key features:
- 21 active validators with Proof of Staked Authority (APoS) consensus.
- Short block time and lower fees.
- Double-sign detection and slashing logic for security and stability.
- 20 inactive validators (Candidates) as backups.
- EVM-compatible smart contracts and protocols.
- Native support for interoperability and cross-chain transfer.
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Numbers and figures:
- 21 active validators.
- 20 inactive validators
Introducing FONSmartChain: Pioneering the Future of Blockchain Innovation
FON Smart Chain is a pioneering solution that brings programmability and interoperability to Beacon Chain. Leveraging a system of 21 active validators with Proof of Staked Authority (APoS) consensus, FON Smart Chain supports short block times and lower fees. The most bonded validator candidates through staking will assume the role of validators, producing blocks and ensuring the integrity of the network. The implementation of double-sign detection and slashing logic guarantees the security, stability, and finality of the chain. In addition to the 21 active validators, FSC will introduce a secondary set of validators, comprising 20 inactive validators, known as “Candidates,” which will serve as backups. These Candidates will produce blocks and collect gas fees on the FSC mainnet, albeit at a lower frequency than the elected validator set. In the event of unavailability, Candidates will also be subject to slashing, albeit in a more limited capacity. A sufficient incentive structure is designed to motivate Candidate Validators to maintain high-quality performance and contribute to the security of FSC. In the unlikely event that a majority of the 21 active validators are compromised and go offline, Candidate Validators can report the stale block to Beacon Chain, resume operations, and initiate a re-election of the active validator set. Furthermore, FON Smart Chain supports EVM-compatible smart contracts and protocols, enabling seamless cross-chain transfers and communication. The native interoperability feature facilitates fluid interactions between chains. Binance DEX remains a liquid venue for asset exchange on both chains. This dual-chain architecture presents an ideal environment for users to capitalize on fast trading on one side and build decentralized applications on the other.