2024/09/11 by Van Thi Thanh Nguyen, Nguyen, Van Khanh
Computer Science · #Cryptography and Security (cs.CR) #Distributed and Parallel Computing Systems #FOS: Computer and information sciences
paper · pdf · doi:10.48550/arxiv.2409.07420
openalex publication_date 2024/09/11 · openalex created_date 2024/10/22 · openalex updated_date 2026/07/28
As the XDC network celebrates five years of stable mainnet operation and prepares for the highly anticipated launch of XDC 2.0, this research proposes a comprehensive improvement plan for the network's staking and tokenomics mechanisms. Our analysis reveals opportunities to optimize the current model, ensuring a more sustainable, decentralized, and resilient ecosystem. We introduce novel concepts, including validator NFTs, decentralized governance, and utility-based tokenomics, to increase validator node liquidity and promote staking participation. Our proposal aims to establish a robust foundation for XDC 2.0, fostering a thriving ecosystem that rewards validators, stakeholders, and users alike. By addressing the intricacies of staking and tokenomics, this research paves the way for XDC to solidify its position as a leading decentralized network, poised for long-term success and growth.