CONET Consensus Protocol
CoNET Consensus Protocol
CoNET employs a hybrid consensus mechanism that evolves over its development stages, combining Proof of Work (PoW), Proof of Staking (PoS), and Proof of upTime (PoT) to ensure scalability, security, and decentralization.
Initiation Stage: Proof-of-Time (PoT) Consensus
In its early phase, CoNET focuses on ensuring network participation and reliability through Proof of upTime (PoT).
How It Works:
Participants register as relay nodes and connect to the CoNET network, proving their devices remain online.
Every 10 seconds, the network calculates the total number of online nodes, allocating rewards based on uptime weight.
Relay nodes require devices with unique wallet addresses (no duplicate nodes per device).
Purpose:
Encourages widespread participation to strengthen the network.
Ensures active and stable nodes to build a robust decentralized infrastructure.
Development Period: Hybrid Model (PoT + PoW)
As CoNET grows, Proof of Work (PoW) is introduced alongside PoT to incentivize computational contributions and expand network capabilities.
How It Works:
Relay Nodes (PoT): Continue earning rewards based on uptime.
SaaS Nodes (PoW): Users register nodes that provide computational power, bandwidth, and storage.
Multiple SaaS nodes can operate on the same wallet, allowing flexibility in contribution.
Miners earn rewards not only from the CoNET pool but also from real usage by dApps and network participants.
Purpose:
Encourages computational power sharing for decentralized applications (dApps).
Bridges the transition from uptime-based participation to resource-sharing incentives.
Stability Period: PoS, PoT & PoW Integration
In the mature stage, CoNET operates on a fully integrated PoS + PoT + PoW model, ensuring sustainability, efficiency, and decentralized governance.
How It Works:
Proof of Staking (PoS): Users stake $CONET or $ETH to operate Validator, Full, or Partial Nodes, ensuring economic security & long-term commitment.
Proof of upTime (PoT): Nodes that maintain high uptime earn additional incentives, rewarding stability and participation.
Proof of Work (PoW): Beyond transaction validation, PoW ensures:
Nodes stay online and connected to maintain network resilience.
Verification of social tasks and decentralized applications.
Computational power for dApps, supporting a privacy-first, decentralized infrastructure.
Market-Driven Rewards:
As CoNET matures, rewards prioritize real network usage over our pool allocations.
A fair-trade model is established, where miners bid for their services and users select the most cost-effective providers.
Why CoNET’s Hybrid Model is Unique
Combines economic incentives (PoS), participation rewards (PoT), and computational contribution (PoW). Optimized for a decentralized internet, powered by Layer Minus Protocol—eliminating IP tracking and enhancing privacy. Enables fair, scalable, and self-sustaining rewards for long-term growth.
CoNET’s consensus model is designed to evolve, ensuring network security, efficiency, and user-driven governance as adoption scales globally.
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