Consensus Mechanism
Overview
Dozer Finance utilizes Hathor Network's innovative consensus mechanism, combining Bitcoin's proven security through merged mining with efficient DAG-based transaction processing. This hybrid approach ensures both security and performance.
Core Components
Merged Mining
Through integration with Bitcoin's network, our consensus mechanism inherits robust security while maintaining energy efficiency. This approach provides strong network protection without requiring additional energy expenditure.
Transaction Processing
The consensus process begins with basic verification, including format validation and signature verification. Network-wide agreement is achieved through consistent application of consensus rules and efficient state transition validation.
Transaction Ordering
Block Hash Entropy
Our system implements a unique ordering mechanism based on block hash entropy. This ensures that transaction ordering is both random and deterministic, providing natural protection against MEV exploitation while maintaining predictable finality.
Settlement Process
Transaction settlement occurs immediately upon validation. The system updates states in real-time and propagates confirmations across the network, ensuring consistent and rapid finalization.
Security Features
Network Protection
The integration with Bitcoin's hashpower provides fundamental security against network attacks. This protection is enhanced by distributed validation processes and comprehensive double-spend prevention mechanisms.
Consensus Guarantees
Our consensus mechanism ensures network-wide agreement on transaction ordering and state transitions. This maintains consistent data integrity and transaction immutability across the network.
Performance Characteristics
The system achieves instant finality through efficient parallel processing and quick validation. This performance scales linearly with network growth while maintaining resource efficiency.
Implementation Details
Node Operations
Nodes maintain network consensus through continuous validation of transactions and blocks. This process includes comprehensive state verification and adherence to network consensus rules.
System Requirements
The consensus mechanism operates efficiently on standard hardware configurations, requiring only basic processing power and regular network connectivity.
Future Development
Ongoing Research
Our team continuously researches potential improvements to the consensus mechanism. Focus areas include enhanced efficiency, increased throughput, and expanded feature sets while maintaining security standards.
Development Areas
Future improvements will target:
Enhanced transaction processing efficiency
Improved scalability mechanisms
Advanced security features
Optimized resource utilization
Last updated