SendingNetwork Proof of Relay Explained
Sending Network introduces one of its two consensus mechanisms which permits web3 engagements that no longer require third parties or centralized organizations.
The blockchain’s Proof of Relay is a crucial component of Sending Network’s design principles when it comes to communicating in a decentralized webspace. Proof of Relay acts and operates as an independent mechanism that relies on algorithms and validation protocols. It helps ensure the efficient and reliable transmission of messages by the Proof of Availability with its continuous information submission to its blockchain.
Here’s how Sending Network’s Proof of Relay helps articulate the core design principles of the network.
No More Third Party Permissions Needed
Sending Network’s Proof of Relay helps ensure the network’s decentralization by allowing everyone to participate on a relay node even without the permission of third-party apps and any centralized organization.
A Self-Sustaining Network
The Proof of Relay mechanism also provides an important role by helping to dynamically adjust node incentives. Whenever a shortage of node resources arises, relay rewards are consistently increased. This attracts more nodes and helps ensure the sustainability of the relay network.
Customized Consensus Mechanisms for True Decentralization
Proof of Relay and Proof of Availability are Sending Network’s two customized consensus mechanisms that help verify relay operations, preserve global state consistency, and determine the order of bill settlements.
With Sending Network’s finely crafted consensus mechanism, transparency and verifiability for web3 transactions and communications are consistently ensured with its Proof of Relay mechanism.