DeXit Network

Consensus Protocol

Dexit Network is ~3 second block times with a Proof-of-Stake consensus algorithm DeXit implemented proof of staking authority using a new consensus engine, Parlia (based on the Clique proof of authority, consensus protocol in conjunction with other proof-of-stake consensus techniques) (PoSA).
Epoch block. The consensus engine will update the validator from the ValidatorSet contract periodically. For now, the period is 200 blocks, a block is called an epoch block if its height of it is times 200. A snapshot is an assistant object that helps to store the validators and recent signers of blocks.
where Validator stake DXT to become validators. If they propose a valid block, they’ll receive transaction fees from the transactions included in it. Note that, unlike many protocols, there is no block subsidy of freshly-minted DXT, as Dexit is not inflationary. rather it's deflationary On the contrary, the supply of DXT decreases over time, due to 1% transaction fee are burning Realtime