Forta’s new Entrusted Pledge Function: Rewarding its Community for Network Protection
It is reported that the encryption security company Forta announced the launch of the entrusted pledge function, allowing all FORT holders to receive rewards f…
It is reported that the encryption security company Forta announced the launch of the entrusted pledge function, allowing all FORT holders to receive rewards for protecting the network.
Encryption security company Forta online entrusted pledge function
Interpretation of the news:
Forta, an encryption security company, recently introduced a new feature that is set to revolutionize the crypto space. The entrusted pledge function is designed to allow FORT holders to earn rewards for protecting the network. This feature is aimed at incentivizing and empowering their community to participate in protecting the network.
With the increasing need to secure networks and protect digital assets, Forta’s move to launch the entrusted pledge function is timely. According to the announcement, participants must stake a minimum amount of FORT tokens to become a node operator. These node operators will then help to verify transactions and add new blocks to the blockchain. One of the most significant benefits of the entrusted pledge function is the rewards that node operators receive for securing the network. This is an innovative way for network participants to earn passive income while contributing to the community.
Forta’s new feature is a brilliant move for its community as it aligns perfectly with the core principles of cryptocurrency – decentralization and community governance. By allowing their community to participate in network protection, Forta is creating a system where users become active stakeholders and help to enhance the network’s overall security. It also ensures that their community members remain invested in the network’s success.
The entrusted pledge function model is a new approach to crypto token economics that we can expect to see more of in the future. With more networks leaning towards decentralization, it remains a challenge to incentivize and align network participants’ interests for the greater good. However, Forta’s move shows that it is possible to incentivize network participants and create an equitable ecosystem that benefits all stakeholders.
In conclusion, Forta’s entrusted pledge function is a game-changer for the crypto world. By empowering its community to actively participate in the network’s security, Forta has taken a bold step towards decentralization and promoting community governance. The rewards that node operators receive for securing the network ensure that stakeholders remain invested in the network’s success. With this move, Forta has demonstrated that incentivizing network participants is possible in a decentralized ecosystem.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/4021/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Lido’s Ethereum V2 Upgrade Proposal Passes with Unanimous Vote
On March 8, the snapshot page showed that Lido\’s proposal to upgrade the V2 version on Ethereum was voted by 100%. According to the proposal, the V2 version up…
-
The White House Report on Digital Assets: A Critique
According to reports, a new report from the White House has criticized digital assets for failing to fulfill their initial commitments and posing risks to consumers and the entire
-
Uniswap Reports The Surge and Fluctuations in the Value of the COLLAB Token
On February 24th, according to the information on the Uniswap page, the discord extension application plug-in Collab.Land Token (COLLAB) is now quoted at US $0…
-
What is Monero Mining (What Mining Machine is Used for Monero)?
What is Monero mining? Bitcoin and Monero are both developed using privacy-prote
-
Spanish Tax Authorities Expand Guidelines to Include Cryptocurrency
It is reported that the Spanish tax authorities have included cryptocurrency in their guidelines for this year\’s tax season. In addition to expanding the chann…
-
Australian mayors may sue ChatGPT for defamatory information
According to reports, Brian Hood, the mayor of Hepburn County in western Melbourne, Australia, accused ChatGPT, a subsidiary of OpenAI, of defaming him or suing the company because
-
What is Ethereum evm (what is Ethereum virtual machine)
What is Ethereum evm What is Ethereum evm What is Ethereum Evm? In traditional network systems, all operations require the execution of the same code. The network architecture of Ethereum (also known as “EVM”) requires that the verifier must run the same block to complete the work, otherwise it will be unable to continue to process these transactions To address this issue, the protocol adopts a method called sharding technology – a new blockchain network composed of multiple parts. This allows each node to only run them with a single or a few specific clients After upgrading the Ethereum Virtual Machine (EVM), developers can now make use of existing functions and tools to make it easier to access and integrate with public and decentralized applications, thereby simplifying the development process and reducing gas fees and cost risks Although most Ethereum users do not like to use sharding technology, this method allows them to easily write and deploy their own smart…
-
The Rise of Decentralized Social Protocol Nostr: Over 10 Million Accounts and Counting
According to reports, according to Nostr. Band data, the number of decentralized social protocol Nostr accounts has exceeded 10 million, reaching 12363885 at the time of writing. A
-
**Crypto Derivatives Trading Volume on Centralized and Decentralized Exchanges Soars in March**
According to reports, the trading volume of crypto derivatives on centralized and decentralized exchanges (DEX) increased for the third consecutive month in March, marking the firs
-
Swapos V2 Contract Exploited by Hackers: What Does It Mean for Investors?
According to reports, according to CertiK monitoring, the Swapos V2 contract is suspected to have been exploited by hackers, resulting in the theft of approximately $468000 worth o
-
Messari: The Q1 1 inch aggregator protocol accounted for 59% of the total transaction volume of the aggregator, with a month on month increase of 12%
On April 23rd, Messari released the \”1st Quarter 2023 1-inch Network\” report, with the following key points:
Messari: The Q1 1 inch aggregator protocol accounted for 59% of the tot -
Celo Safe Officially Supported by Safe Global: What Does It Mean for Users?
According to reports, the Celo Community Forum shows that the digital asset management platform Safe (formerly Gnosis Safe) officially supports the Celo main network natively. All
-
A Smart Money Address Purchases Trillions of PEPE for $25 – A Case of Crypto Gold Rush
On April 20th, according to Lookonchain monitoring, a Smart Money address purchased 2.52 trillion PEPE (currently worth 816000 US dollars) for 0.013 ETH (approximately $25), earnin
-
Goldman Sachs Raises Probability of US Economy Entering a Recession
According to reports, Goldman Sachs has raised the probability of the US economy falling into recession within the next 12 months by 10 percentage points to 35%. Goldman Sachs raised the probability of a recession in the US economy within a year by 10 percentage points to 35% Analysis based on this information:Goldman Sachs, one of the largest investment banks in the world, has raised the likelihood of the US economy falling into a recession within the next 12 months, increasing the probability by 10 percentage points to 35%. This report is concerning as a recession can lead to job losses, decreased economic growth, and negative global impacts. A recession is defined as a significant decline in economic activity, which is typically characterized by a fall in Gross Domestic Product (GDP) for two consecutive quarters. The US economy has been experiencing continual growth for over a decade and now faces new challenges. The COVID-19 pandemic, which emerged at the beginning…
-
Delaware Bankruptcy Judge Approves Sale of FTX’s Sequoia Capital Fund Interest to Abu Dhabi Investment Department; Embed Sale Hearing Indefinitely Delayed
According to reports, according to court documents, the Delaware bankruptcy judge has approved the sale of FTX\’s $45 million interest in Sequoia Capital Fund to the investment depa
-
#Damus Launches v1.4.0: A Revolutionary Update To The Nostr-Based Open Social App
According to reports, Damus, an open social app based on the Nostr protocol, tweeted that v1.4.0 had been launched in the Apple App Store. This version upgrade includes support for