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Polymesh Glossary
Contents
Overview
Decentralization, governance, and transaction finality
The Cryptoeconomic system: consensus, proof–of–stake, and who’s involved
Tokenization, tokens, and their types and standards
DLT, blockchain, and the different types and layers
Block rewards and fines
The carrot and the stick that are vital to the nominated proof-of-stake consensus mechanism, and therefore proper chain operations. On Polymesh, for each block created, POLYX will be rewarded both to the node operator who created it and their stakers. However, failure to meet performance standards of the chain could lead to node operators being fined in POLYX and having their stake slashed. Ultimately, block rewards and fines provide the economic incentive to participate honestly in the network.
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