🔌Proof of Consumption (PoC)

Proof of Consumption (PoC) is an innovative blockchain technology that combines the strengths of Proof of Asset and DePIN computational validation mechanisms, creating a more secure, efficient, and forward-looking blockchain environment. Proof of Asset relies on participants staking digital assets to ensure network security and governance, while computational validation depends on high-performance computing devices to guarantee transaction processing efficiency and network resilience. By optimising hardware performance and integrating cutting-edge algorithms, PoC not only enhances the system’s environmental adaptability but also broadens the application scope and ecosystem diversity of blockchain technology.

PoC Consensus Mechanism

WABA employs the PoC consensus mechanism, which ensures network security and reliability while incentivizing network users to participate in blockchain security and the transparency of energy consumption data, laying the foundation for further optimizing energy allocation solutions. WABA is committed to constructing an optimised energy allocation system. Participating nodes utilise DePIN devices to make their energy consumption data transparent. The network adjusts energy consumption targets based on the energy usage of all participants and incentivises DePIN device owners accordingly. Entities that possess DePIN devices and perform DePIN computational validation tasks are referred to as Algorithm Validators.Incentives for Algorithm Validators derive from two sources:

1. Consensus Incentives: Algorithm Validators can authorize PoC consensus nodes (referred to as PoC Validators) to govern the WABA network. The consensus weight of an PoC Validator depends on the product of the number of staked tokens and the number of authorisations from Algorithm Validators. PoC Validators are required to allocate a portion of their mining rewards to Algorithm Validators as compensation for their authorisation.

2. Algorithm Validator Incentives: Algorithm Validators utilize DePIN devices, and the relevant data is fed back to a trusted third party (known as the PoW Packer). Incentives for Algorithm Validators are based on the data they provide and the network’s energy consumption targets.

Algorithm Validators, PoW Packers, and PoC Validators form the primary participating roles within the WABA network. WABA ensures honest collaboration among these participants through incentive and validation mechanisms, collectively maintaining network security and reliability while enhancing the network's application value.