🔸BRSK Governance Model

The BRSK governance model is based on Proof of Stake (PoS) principles, which decentralizes power and encourages community participation. Here’s a summary of its core features:

1. Staking and Delegation:

   • Token holders, including validators, can "bond" their tokens in staking. They can delegate their tokens to any validator or candidate, hoping the latter becomes an active validator, with the option to re-delegate.

2. Validator Ranking:

   • Validators are ranked based on the amount of bonded tokens; the top-ranking validators become the active ones and can share a portion of their block rewards with their delegators.

3. Slashing Penalties:

   • Validators may face slashing penalties for malicious or unstable behavior (e.g., double signing). This helps maintain network integrity.

Reward Distribution

• Daily Updates:

  • Validator updates and reward distributions occur daily around UTC 00:00 to save on operational costs. Rewards won’t be immediately sent to validators but will accumulate in a smart contract until distributed.

Slashing Mechanism

• Malicious Behavior:

  • Anyone can submit a slashing request against a validator with proof of misconduct (e.g., double signing). If confirmed, the validator is removed from the validator set, and predefined amounts of BRSK will be deducted from their self-delegated tokens, impacting both the validator and their delegators.

Availability and Performance

• Validator Activity:

  • The performance of the BRSK network relies on validators’ ability to produce blocks when it’s their turn. If a validator fails to do so due to technical issues, their performance metrics are recorded, and if the metrics exceed a certain threshold, rewards will not be distributed. This incentivizes consistent performance among validators.

Governance Parameters

• Control Variables:

  • Various parameters, such as slashing amounts and cross-chain transfer fees, will be jointly decided by the BRSK Validator Set through a proposal voting process based on their staked tokens.

In summary, the BRSK governance model promotes decentralization, community involvement, and performance accountability through an efficient PoS and governance structure, ensuring the integrity and sustainability of the ecosystem.