Centive Network
Ensuring DePIN Reliability with Optimistic Consensus
Measuring Continuous Contributions, Not Just Tasks
Key Features
Continuous Contribution Rewards
Nodes are compensated for their continuous contributions rather than per task, ensuring a steady and fair income stream.
Dynamic Reward Mechanisms
Benefit from a sophisticated reward distribution system featuring multiple mechanisms, including halving and more, ensuring balanced and fair rewards.
Built-In Slashing and Security
Our automated slashing mechanism maintains network integrity by penalizing non-performing nodes, ensuring a secure and reliable network environment.
INTRODUCTION
Centive Network
Centive Network makes managing DePIN networks easier by rewarding real contributions and cutting out unnecessary processes. We focus on fairness and efficiency to help networks run better and more reliably.
How It Works
Centive Network’s approach minimizes resource wastage, improves scalability, and enhances the overall user experience by ensuring that nodes are focused on providing high-quality services rather than on proving their work.
Contribution Commitment
Real-Time Monitoring
Dynamic Reward Distribution
Secret Voting and Consensus
Automated Slashing
Secure and Fair Payouts
Contribution Commitment
Nodes commit their intent to participate in the DePIN network by staking tokens in an optimistic process. This eliminates the need for complex cryptographic proofs, allowing nodes to focus entirely on delivering their core services.
Real-Time Monitoring
Centive Network uses APM agents and end-to-end tests to continuously monitor node contributions. This ensures that nodes are evaluated based on actual performance and sustained participation, not just discrete tasks.
Dynamic Reward Distribution
Rewards are dynamically calculated based on each node’s contributions, using mechanisms such as halving to adapt to network conditions and promote long-term engagement. This approach ensures fair compensation and maintains balance across the network.
Secret Voting and Consensus
If any node is suspected of acting unfairly, a report is generated, triggering a secret voting process by Centive’s distributed verifiers. Votes remain hidden until all are submitted, ensuring unbiased consensus.
Automated Slashing
Nodes found to be in violation of the network’s standards are penalized through an automated slashing mechanism. This helps maintain the integrity and reliability of the network by removing or reducing rewards for non-compliant nodes.
Secure and Fair Payouts
Nodes receive their rewards based on their validated contributions, ensuring a transparent and equitable distribution process that reflects actual performance.
Voting Process of Centive's Verifiers
To maintain the integrity and fairness of the Centive Network, a robust voting mechanism is implemented for verifiers. This process ensures that decisions regarding node performance and potential penalties are made transparently and without bias.
Secret Voting
All votes cast by verifiers are kept hidden until every verifier has submitted their vote. This prevents any influence or bias during the voting process and ensures that each verifier's decision is made independently.
Vote Revelation
Once all votes have been submitted, they are revealed simultaneously. This step is crucial in maintaining transparency and fairness in the voting process, as it discourages validators from colluding or lying about their votes.
Penalties for Incorrect or Missing Votes
Verifiers who vote incorrectly, whether due to negligence or malicious intent, face penalties. This penalty system is designed to uphold the integrity of the network and ensure that verifiers are incentivized to vote accurately and honestly.
Use Cases
Compute Networks
By tracking the computational resources each node contributes, Centive Network ensures rewards are based on real performance. This reduces costs, improves efficiency, and boosts scalability.
CDNs
In Content Delivery Networks, Centive measures data delivery speed, uptime, and consistency to reward nodes fairly. This lowers latency, optimizes resources, and improves content delivery.
Storage Networks
Centive measures the volume and quality of stored data, retrieval performance, and uptime, ensuring fair rewards for reliable storage and management, while enhancing data security and availability.
Benefits
Consistent Earnings
Nodes are rewarded for their ongoing contributions, providing a stable income stream.
Optimized Resource Usage
Nodes dedicate their resources to essential tasks, while Centive Network handles monitoring and validation.
Fair and Dynamic Rewards
Our sophisticated reward mechanisms, including halving, ensure fair distribution of rewards, promoting long-term participation.
Enhanced Security
Automated slashing and robust security measures ensure that only reliable nodes remain active, safeguarding the network.
Why Choose Centive Network?
Centive Network redefines DePIN networks by focusing on continuous contributions, eliminating resource wastage, and ensuring fair reward distribution through dynamic mechanisms. Our platform offers unparalleled benefits, providing a robust and reliable environment for any decentralized system.
Get Started Today
Join us in building a more efficient and fair decentralized network. Become a part of Centive Network and help redefine how contributions are valued and rewarded.
Centive Network is your partner in creating efficient, fair, and scalable DePIN networks.
