🔶Peta Protocol

Petachain Protocol adopts the Proof of Stake Authority (PoSA) consensus algorithm, a fusion of Proof of Stake (PoS) and Proof of Authority (PoA). This innovative approach empowers Petachain to execute transactions with heightened speed and reduced costs compared to blockchains utilizing PoW (Proof of Work) or PoS.

Within the Petachain Protocol, validators play a crucial role as participants who pledge a certain quantity of PETA coins and are entrusted with the validation of transactions. Successful validation of transactions results in the generation of valid blocks, rewarding validators with transaction fees. It's noteworthy that validator rewards do not involve the creation of new PETA coins; rather, they are sourced from existing PETA coins.

Petachain Protocol enforces a limitation of 21 active validators in the network. Only these active validators possess the eligibility to validate transactions. The determination of active validators is based on their rank, sorted by the amount of PETA coins held. The top 21 validators with the highest holdings of PETA coins become active validators, taking turns to validate blocks of transactions. This list of validators is recalibrated daily and securely stored within the Petachain Protocol.

In terms of security, Petachain Protocol prioritizes high-security measures for transactions, mitigating the risk of 51% attacks and preventing unauthorized manipulation of transactions. Users of Petachain Protocol benefit from rapid, secure, and cost-effective transactions. Additionally, the Specta Explorer feature enables users to monitor transactions and blocks in real-time on the Petachain network.