BizAuto Whitepaper_Eng
  • BizAuto Docs
  • Start Here
    • 1. Getting Started
    • 2. Getting Support
      • 2.1 Official Emails for Contact
    • 3. Grant Program
  • Core Concepts
    • 1. What is BizAuto?
    • 2. Core Architecture
      • 2.1 Key Components
      • 2.2 Network Information
      • 2.3 Wallet Configuration
    • 3. Technology
    • 4. BizAuto’s System Resource Allocation
    • 5. BizAuto Tools
  • Products
    • 1. BizAuto Platform
      • 1.1 Overview
      • 1.2 Set up your wallet : BIZA Platform
        • 1.2.1 BIZA PLATFORM Installation
        • 1.2.2 BIZA PLATFORM membership registration
        • 1.2.3 KYC verification
        • 1.2.4 OTP registration
        • 1.2.5 DID certification
      • 1.3 Staking
    • 2. BIZA-CarnegieMall: Decentralized P2P Platform
      • 2.1 Overview
      • 2.2 Key Features
      • 2.3 Comparison with Traditional E-Commerce Platforms
      • 2.4 Additional Services
      • 2.5 Conclusion
      • 2.6 User Guide
        • 2.6.1 BIZA-CarnegieMall Installation
        • 2.6.2 BIZA-CarnegieMall membership registration
        • 2.6.3 BIZA-CarnegieMall product registration and sales
    • 3. BIZA-UVIT
      • 3.1 Overview
      • 3.2 Key Features
      • 3.3 Additional Services
    • 4. Others
      • 4.1 BIZA-MetaWorld
        • 4.1.1 Overview
        • 4.1.2 Key Features
        • 4.1.3 Additional Services
      • 4.2 BIZA-Metaversity
        • 4.2.1. Overview
        • 4.2.2. Key Features
        • 4.2.3. Additional Services
  • Tokenomics
    • 1. Distribution Plan
    • 2. Explorer
    • 3. Token Information
      • 3.1 CoinMarketCap
      • 3.2 CoinGecko
      • 3.3 Medium
  • Resources
    • 1. Developer tools
    • 2. Learning Resources
  • Block Producer (Validator)
    • 1. Overview
    • 2. BIZA Block Producer Registration and Election Process
    • 3. BIZA Block Producer Voting Guide
    • 4.Block Producer Rewards
  • Ecosystem
    • 1. Wallet
    • 2. Block Explorer
    • 3. RPC Providers
    • 4. Centralized Exchanges
    • 5. Ecosystem Map
    • 6. Join the Ecosystem
  • Roadmap
    • Partners
  • Disclaimers
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  1. Block Producer (Validator)

1. Overview

BizAuto implements the Delegated Proof of Stake (DPoS) consensus mechanism, known for its scalability and fast transaction processing. In this system, Block Producers (BPs) are rewarded based on the number of votes they receive, which are crucial for maintaining and operating the network. The rewards include fees generated from token validation and information registration, which are stored in designated wallets. Additionally, BizAuto employs a quarterly token burn process based on BP voting results, which reduces the circulating supply of tokens. This mechanism helps increase the overall value of BizAuto’s tokens and promotes healthy ecosystem growth.

The approach closely mirrors the BP reward and token burn mechanisms seen in EOSIO, strengthening BizAuto’s connection to the latest EOS technologies. This integration enhances the ecosystem’s stability and transparency, making it more robust and reliable for users.

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Last updated 8 months ago