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.