Consensus Mechanism

EMC Chain implements a PoS (Proof of Stake) consensus mechanism, where the core logic of the PoS staking process resides in the Staking Smart Contract

  • At network initialization, the Staking Smart Contract is pre-deployed at address 0x0000000000000000000000000000000001001, active from block 0.

  • The minimum staking requirement for validator nodes is 1,000,000 EMC. Once a node completes staking, it can start participating in block consensus after a delay of 50 blocks.

  • All gas fees from transactions in a newly mined block go to the validator that produced that block.

  • The initial number of validators is 7.

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