MULTI BONDED PROOF OF STAKE EXPLAINED.
15 Nov 2022, 15:43
MULTI BONDED PROOF OF STAKE EXPLAINED
KIRA’s revolutionary Multi-Bonded-Proof-of-Stake consensus model enables liquid staking through 1:1 staking derivatives, ensuring the security of the network whilst maintaining full ownership of your assets.
This means you can stake any digital/virtual asset to secure the network rather than the native network token that is the case with traditional PoS consensus, and receive staking derivatives of the asset you staked.
MBPoS bears some similarities to Cosmos ICS, but there are very important differences in the way in which MBPoS removes a single point of failure and how the KIRA governance system removes bad actors securing the network further.
Learn more about how KIRA's MBPoS consensus mechanism works, how it improves upon current systems and what the future might hold in the NFT/gaming space, in the easily digestible article below: