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2.12 Snipping - Types.pptx

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2.12 Snipping - Types.pptx

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Snipping is a set of consensus that deals with the proper propagation of snip in a structure that properly punishes or rewards the producers. Snips types are discussed, and its short introduction is given

Snipping is a set of consensus that deals with the proper propagation of snip in a structure that properly punishes or rewards the producers. Snips types are discussed, and its short introduction is given

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2.12 Snipping - Types.pptx

  1. 1. Project Blink Proof of Choice - 2.12 Snipping - Types
  2. 2. Snips ● Snips are the smallest divisible data file of a block/blink propagated in a streaming model of blocks instantly after being minted one by one to ensure fast propagation of a block without latency and delay of a single big block file. ● Snips are gathered in every node’s local snip pool and later get connected and attested to the chain as a whole block. ● Snips also contain consensus and minting rules which a node should follow to get proper incentives without getting slashed or punished.
  3. 3. Snipping ● The process of propagating proper snips can be called Snipping in Blinkchain. ● Every bad acting and inability shall cost the nodes capital, and thus it’s clear to state that in Blinkchain the requirements should be met to win, either way, it’s a do-or-die competition. ● Snipping contains the objectives which can properly reward or slash the nodes. ● Snipping categorizes snips into four major categories
  4. 4. Types of Snips 1. Collateral Snip: Attesting Collateral UTXO proofs and authorizing the transactions of particular tokens. 2. Transaction Snips : Contains all transactions of the collateral approved tokens 3. Coinbase Snip : Fees and reward with allocated commissions to validators 4. and DAO treasury 5. Kamikaze Snip: Snips attested by validator nodes with cryptographic proofs to punish the producer.
  5. 5. Next : 2.13 Collateral Snip

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