HAQQ has successfully processed over 10 million transactions!
As a proof-of-stake (PoS) blockchain, #Haqq relies on validators who govern network operations based on their stakes. let's delve into the fascinating lifecycle of a transaction on HAQQ.
1️⃣ Transaction Initiation: A transaction is initiated within the HAQQ network.
2️⃣ Mempool Validation: The transaction's validity is checked by the RPC node when added to the mempool.
3️⃣ Block Inclusion: The transaction is included in a block.
4️⃣ Execution and Completion: The transaction is executed, receipts are sent to the user, and it is marked as completed.
HAQQ ensures rapid transaction finality, with only 6 seconds to completion. But how are transactions validated on HAQQ? The network is powered by the CometBFT consensus engine, where a set of validators commit new blocks. This engine guarantees the same transactions are recorded in the same order on every machine, ensuring near-instant transaction confirmations, robust security, and scalability.
Holders of HAQQ's native currency, #ISLM , play a crucial role. They can delegate their stake to validators, with the top 150 stakers becoming validators on HAQQ. Validators and their delegators earn ISLM through block rewards and a share of the network's transaction fees, offering a rewarding experience for participants.
HAQQ's speed, security, and high throughput make it an ideal choice for low-latency use-cases such as gaming and finance. Emphasizing ethics-first principles, HAQQ is transforming the gaming landscape with concepts like 'Halaltainment,' promoting inclusivity, responsibility, and transparency in in-game transactions and revenues.
As the network continues to grow, the HAQQ Explorer serves as a comprehensive resource for all network data needs. Explore staking app to observe the status of HAQQ Network validators and delegate your ISLM tokens to HAQQ validators for a seamless and rewarding experience.
