After having a chit chat with the devs, I still couldn't understand how they can not adopt the blockchain for number of validators and validators that miss the validation sessions.
The network validation at the same time is the core principle of the Idena system. We all prove that we are humans, this makes impossible to trick the system. I understand this can be impossible to do for some people for personal reasons.
Atm if you miss your validation you lose 80% of earnings which, if you get like X rank, you can miss 2 sessions etc without losing coins.
This is a system to prevent the users to "kill" his own identity and start again in the network. I know this can sound crazy, but it makes sense, do a little research about it.
Did I also say that you need to be invited to become a validator? Ow yeah, maybe now this sounds like a mfking pyramid scheme bullshit to anyone?
Proof of concept aint bad, but the execution with pyramid scheme is not something I'm getting into.
Nobody is asking you for any money, the network uses its own coin which is listed in various exchanges. Mining is free, all network participants mine the same amount btw, this is not PoS.
The invitation method is a system to prevent an unsustained network growth. We have now 8097 valid nodes linked to a human. No sybil attack possible, but the devs are planning a sharding deployment soon. We are growing a 8-10% every epoch.
Forget doge or other crap, Idena is truly revolutionary. Time will tell.
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