Weekly Fone Update
Mar 18, 2022
Hello Everyone,
Welcome to our weekly update!
This week marks the beginning of one of the most important features — Validation!
Since the Fone Network will be powered by Proof-of-Stake and Proof-of-Time consensus algorithms, we need to make sure that all users are able to afford to stake FONE, as well as to be chosen to be a validator of a certain block.
This is why we are building our reward system around three main points:
1. Amount you stake
2. Rank (number of blocks you have validated)
3. Time spent connected to the network
We are doing some initial testing with the minimum requirements to stake and we will share more details about this next week.
Stay tuned for more exciting news and weekly updates!
The Fone Team
