Greetings crypto folks 👋

Therefore, I was trying to explore the workings of the Beldex consensus mechanism (why not) and I came across something very interesting: VRF based consensus. You may find this mind-blowing a bit if you already know how Proof-of-Stake works in Beldex. And if you are not, then no stress, I will make it simple.

Beldex is currently based on a PoS consensus but has this concept of a quorum which essentially is a team of 12 randomly selected nodes, these nodes are called 1 block producer and 11 validators. The person who makes the block is called the block producer, and the ones that validate its authenticity are known as validators. To be accepted in the blockchain, 7 of the eleven validators must accept and approve it. Otherwise, they are kicked back to the drawing board with another team. It seems not that simple, does it?

But here’s the catch: this “random” selection of nodes? It’s not that random. It can be gamed by someone running a ton of nodes. Imagine one person controls enough nodes to stack the quorum with their own validators, they could try slipping in shady stuff like double spending. Sure, they’d lose all their BDX if caught, but wouldn’t it be better to avoid that whole drama in the first place?

Also, the current process takes time — handshake, selection, and verification. Even at its best, it takes around 30 seconds. That might not sound like much, but in crypto time, it’s a bit of a drag.

VRF stands for Verifiable Random Function. It’s a cryptographic method of picking validators and block producers in a way that’s totally random — but also verifiable by everyone else. This adds a serious layer of unpredictability and security to the mix.

Here’s the upgrade in simple terms:

• Instead of just 12 nodes, 1/3 of the entire network gets involved in each round. If there are 1800 nodes, 600 participate.

• All 600 nodes generate an Output Value (OV) and submit it with a proof.

• A Threshold Value (TV) is defined for that round.

• Any node whose OV is lower than the TV becomes eligible to produce the block.

• The node with the lowest valid OV wins. Others verify it using the proof.

• Then the other 599 nodes validate the block before it gets added to the chain.

For us users and node runners, this means a more secure and confidential network.

• It’s practically impossible for attackers to guess or manipulate who gets chosen.

• There's no more predictable randomness. Even someone running a ton of nodes can’t game the system.

• The larger quorum means more eyes verifying every block.

• And the process is smoother — no handshakes or multi-step rounds dragging it out.

Beldex is evolving. With VRF-based PoS, we get stronger security, better decentralization, and reinforced confidentiality without compromising speed.

Follow Beldex on

Telegram | Twitter | Discord | Facebook | Instagram | LinkedIn | Medium | CoinMarketCap | YouTube

Greetings crypto folks 👋

Therefore, I was trying to explore the workings of the Beldex consensus mechanism (why not) and I came across something very interesting: VRF based consensus. You may find this mind-blowing a bit if you already know how Proof-of-Stake works in Beldex. And if you are not, then no stress, I will make it simple.

Beldex is currently based on a PoS consensus but has this concept of a quorum which essentially is a team of 12 randomly selected nodes, these nodes are called 1 block producer and 11 validators. The person who makes the block is called the block producer, and the ones that validate its authenticity are known as validators. To be accepted in the blockchain, 7 of the eleven validators must accept and approve it. Otherwise, they are kicked back to the drawing board with another team. It seems not that simple, does it?

But here’s the catch: this “random” selection of nodes? It’s not that random. It can be gamed by someone running a ton of nodes. Imagine one person controls enough nodes to stack the quorum with their own validators, they could try slipping in shady stuff like double spending. Sure, they’d lose all their BDX if caught, but wouldn’t it be better to avoid that whole drama in the first place?

Also, the current process takes time — handshake, selection, and verification. Even at its best, it takes around 30 seconds. That might not sound like much, but in crypto time, it’s a bit of a drag.

VRF stands for Verifiable Random Function. It’s a cryptographic method of picking validators and block producers in a way that’s totally random — but also verifiable by everyone else. This adds a serious layer of unpredictability and security to the mix.

Here’s the upgrade in simple terms:

• Instead of just 12 nodes, 1/3 of the entire network gets involved in each round. If there are 1800 nodes, 600 participate.

• All 600 nodes generate an Output Value (OV) and submit it with a proof.

• A Threshold Value (TV) is defined for that round.

• Any node whose OV is lower than the TV becomes eligible to produce the block.

• The node with the lowest valid OV wins. Others verify it using the proof.

• Then the other 599 nodes validate the block before it gets added to the chain.

For us users and node runners, this means a more secure and confidential network.

• It’s practically impossible for attackers to guess or manipulate who gets chosen.

• There's no more predictable randomness. Even someone running a ton of nodes can’t game the system.

• The larger quorum means more eyes verifying every block.

• And the process is smoother — no handshakes or multi-step rounds dragging it out.

Beldex is evolving. With VRF-based PoS, we get stronger security, better decentralization, and reinforced confidentiality without compromising speed.

Follow Beldex on

Telegram | Twitter | Discord | Facebook | Instagram | LinkedIn | Medium | CoinMarketCap | YouTube