Proof of Engagement (PoE)
Understanding Cypher Blockchain's revolutionary consensus mechanism
Last updated: 2024-03-20
Understanding Proof of Engagement (PoE)
Proof of Engagement (PoE) is Cypher Blockchain's innovative consensus mechanism that rewards meaningful participation and contribution to the network ecosystem.
Key Features of PoE
Merit-Based Rewards
Rewards are distributed based on meaningful contributions rather than just computational power or stake size.
Sybil Resistance
Advanced mechanisms prevent gaming the system through multiple identities or automated interactions.
Energy Efficient
No wasteful computational puzzles, making PoE environmentally sustainable.
Fair Distribution
Ensures equitable distribution of rewards across all types of network participants.
How PoE Works
The PoE Process
- 1
Engagement Tracking
The network monitors various forms of participation, including:
- • Transaction validation
- • Network security contributions
- • Ecosystem development
- • Community governance
- 2
Scoring System
Engagement scores are calculated based on quality, frequency, and impact of contributions.
- 3
Reward Distribution
Network rewards are distributed proportionally to engagement scores, incentivizing valuable contributions.
Advantages Over Traditional Consensus
vs. Proof of Work (PoW)
- No massive energy consumption
- Rewards meaningful work instead of computational puzzles
- More inclusive participation model
vs. Proof of Stake (PoS)
- Not biased towards wealthy participants
- Encourages active participation rather than passive holding
- Better distribution of network rewards
Participate in PoE
Join the Cypher Blockchain network and start earning rewards through meaningful participation. Various engagement opportunities will be available when the network launches.