Rewards

In Laïka's network, validators play a critical role in securing the network and ensuring transaction validity. To incentivize validator participation and maintain a healthy network, Laïka offers a rewarding system. This section explores how validators earn rewards on the Laïka network.

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↝ Reward Structure

Laïka's validator reward structure aims to attract and retain active validators who contribute to the network's security and efficiency. The specific reward scheme might involve a combination of factors, including:

• Transaction Fees: A portion of the transaction fees collected on the Laïka network will be provided to the validator validating the block. This incentivizes validators to process transactions efficiently.

• Block Rewards: As Doge being spent on Laïka Network as fees would be very low due to the efficient nature of the blockchain the validators who successfully propose and add new blocks to the Laïka chain will receive additional Laïka token rewards. This encourages validators to actively participate in block production.

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↝ Laïka Token as Reward

Laïka rewards validators with Laïka tokens, the native token of the Laïka network. This approach offers several benefits:

• Network Security: By aligning validator incentives with the overall network health, Laïka token rewards encourage validators to act in the best interest of the network's security and stability.

• Long-Term Sustainability: As the Laïka network grows and adoption increases, the value of Laïka tokens has the potential to appreciate, offering validators a long-term incentive for their contributions.

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↝ Reward Distribution

• Validator Performance: Validators with consistent uptime, participation, and adherence to the consensus protocol will likely receive higher rewards.

• Dogecoin Fees vs. Laïka Rewards: The ratio between Doge fees collected in a block and the corresponding Laïka token reward will be calibrated through consensus mechanisms to keep the network viable for validators and for users of the Laïka Token.

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↝ Delegation Mechanism

Staking Laïka and Doge tokens allows individuals to participate in the validator selection process and earn rewards. The specific staking requirements and mechanisms (e.g., minimum stake amount, slashing penalties) will be outlined in future documentation.

1. Reward Contract Interaction

Validator node interacts with the Laïka Validator contract to claim rewards. This contract manages the reward distribution process, considering factors like transaction fees, block proposal rates, and validator performance.

2. Laïka Token Integration

The validator reward system seamlessly integrates with the Laïka Token contract. When a validator claims rewards, the Validator contract interacts with the Laïka Token contract to transfer the corresponding Laïka token amount to the validator's address.

3. Security Considerations

The validator reward system prioritizes security to prevent potential exploits or manipulation. Here are some considerations:

• Sybil Attack Prevention: Measures are implemented to prevent malicious actors from deploying a large number of validators to gain undue influence over the network.

• Slashing Mechanisms: Validators who behave dishonestly or deviate from the consensus protocol might face penalties, including potential slashing of their staked Laïka tokens.

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↝ Laïka Reward Mechanism

function proposeBlock(uint256 blockNumber, uint256 dogeFees, bytes calldata blockData) public {

  // Store doge fees for the block
  blockDogeFees[blockNumber] = dogeFees;

  // Calculate Laika reward based on doge fees and ratio
  uint256 laikaReward = dogeFees * laikaRatio;

  // Validate block data 
   if (!isValidBlockData(blockData)) {
     revert("Invalid block data provided");
   }

  // Transfer Laika reward to block proposer
  transferLaikaReward(msg.sender, laikaReward);

  // Emit event with additional block data
  emit BlockProposed(blockNumber, msg.sender, laikaReward, blockData);
}

Note: This section provides a general overview of validator rewards. Stay tuned for future documentation updates with detailed information on the specific reward structure, distribution mechanisms, and Laïka tokenomics.