Security, Audits, and Validator Mechanism
This Module covers an overview of Bitrock's Proof of Authority (PoA) validator system, its security audits, and results from CTDSEC, as well as the rewards structure for validators and their role in ensuring network security.
PoA Validator System and its Efficiency
Bitrock operates using the Proof of Authority (PoA) consensus mechanism, specifically employing IBFT 2.0, which is designed to enhance both the speed and security of the network. In a PoA system, a set of trusted validators is responsible for validating transactions and creating new blocks. Validators in this system are pre-approved based on their identity and reliability, unlike traditional Proof of Work (PoW) or Proof of Stake (PoS) mechanisms where computational power matters more.
The IBFT 2.0 protocol used by Bitrock ensures that validators rotate in a deterministic manner, taking turns proposing new blocks. For a block to be added to the chain, a super-majority of validators (typically two-thirds) must agree on the validity of the block. This reduces the risk of bad actors since malicious validators would need to be in the majority to compromise the network.
An advantage of the PoA model is efficiency. By relying on trusted validators instead of a decentralized network of miners or token holders, PoA can achieve significantly faster transaction processing times and lower energy consumption. In the case of Bitrock, the network achieves 1-second block times and can handle 12,000 transactions per second (TPS), metrics that are difficult to achieve in PoW or PoS systems. This makes Bitrock suitable for high-throughput applications, including decentralized finance (DeFi) platforms and large-scale decentralized applications (DApps).
Security Audits and Results from CTDSEC
Bitrock has undergone a thorough security audit by CTDSEC, a well-respected blockchain security auditing firm, with experience auditing top-tier blockchain projects such as Ethereum and XRP, lending significant credibility to their findings on Bitrock’s network security. The audit covered the Bitrock blockchain’s smart contracts, validator system, and infrastructure.
The audit results from CTDSEC confirmed that Bitrock’s network is secure and free of major vulnerabilities that could jeopardize the integrity of the system. Important elements reviewed during the audit included:
- Validator performance and reliability: The PoA system was examined to ensure that validators operated consistently and securely. CTDSEC verified that the validator rotation system and block finalization processes are strong, ensuring continuous network operation even in cases where some validators may become temporarily unavailable.
- Smart contract code review: The audit also examined Bitrock’s smart contract implementations to ensure that they were free from vulnerabilities such as reentrancy attacks or overflow/underflow issues, which have affected other blockchain projects in the past.
- Network scalability and transaction validation: CTDSEC reviewed the network’s capacity to handle high transaction volumes securely, confirming Bitrock’s claims of 12,000 TPS without compromising security.
The successful completion of the audit enhances confidence in Bitrock’s technical infrastructure, reassuring both developers and users that the network operates in a secure and efficient manner.
Validator Rewards and Network Security
Validators in the PoA system are incentivized to maintain the integrity and security of the network through rewards. In Bitrock’s case, validators earn BROCK tokens for their participation in validating transactions and creating new blocks. The reward structure is based on a per-block reward system, meaning that validators receive a fixed amount of tokens for each block they successfully validate.
These rewards are distributed in 100,000,000,000,000 Wei, which is equivalent to 0.0001 BROCK per validated block. Given the fast block times (1 second), validators are able to earn consistent rewards, ensuring their active and honest participation in the network. The high throughput of 12,000 TPS amplifies the reward potential for validators.
The reward system is designed not only to compensate validators for their work but also to ensure the long-term stability and security of the network. Since validators must maintain their trusted status to continue earning rewards, they are incentivized to operate reliably and uphold the integrity of the blockchain.
Highlights
- Bitrock’s PoA consensus mechanism relies on trusted validators, ensuring faster block times and high transaction throughput without the energy costs associated with PoW.
- The network operates with 1-second block times and can handle 12,000 TPS, making it highly efficient for high-demand applications.
- A thorough security audit by CTDSEC confirmed that Bitrock’s validator system, smart contracts, and infrastructure are secure and free from major vulnerabilities.
- Validators are rewarded in BROCK tokens for validating blocks, ensuring consistent participation and network security.
- The PoA system allows for scalable, efficient, and secure blockchain operations while maintaining the integrity of the network through validator accountability.
レッスン1:Introduction to Bitrock
レッスン2:Development Team, Investors, Backers, and Partners
レッスン3:Technical Architecture of Bitrock
レッスン4:Main Features
レッスン5:The BROCK Token and USDB
レッスン6:Smart Contract and DApp Deployment
レッスン7:Security, Audits, and Validator Mechanism
レッスン8:Rockswap
レッスン9:Token Builder
Security, Audits, and Validator Mechanism
This Module covers an overview of Bitrock's Proof of Authority (PoA) validator system, its security audits, and results from CTDSEC, as well as the rewards structure for validators and their role in ensuring network security.
PoA Validator System and its Efficiency
Bitrock operates using the Proof of Authority (PoA) consensus mechanism, specifically employing IBFT 2.0, which is designed to enhance both the speed and security of the network. In a PoA system, a set of trusted validators is responsible for validating transactions and creating new blocks. Validators in this system are pre-approved based on their identity and reliability, unlike traditional Proof of Work (PoW) or Proof of Stake (PoS) mechanisms where computational power matters more.
The IBFT 2.0 protocol used by Bitrock ensures that validators rotate in a deterministic manner, taking turns proposing new blocks. For a block to be added to the chain, a super-majority of validators (typically two-thirds) must agree on the validity of the block. This reduces the risk of bad actors since malicious validators would need to be in the majority to compromise the network.
An advantage of the PoA model is efficiency. By relying on trusted validators instead of a decentralized network of miners or token holders, PoA can achieve significantly faster transaction processing times and lower energy consumption. In the case of Bitrock, the network achieves 1-second block times and can handle 12,000 transactions per second (TPS), metrics that are difficult to achieve in PoW or PoS systems. This makes Bitrock suitable for high-throughput applications, including decentralized finance (DeFi) platforms and large-scale decentralized applications (DApps).
Security Audits and Results from CTDSEC
Bitrock has undergone a thorough security audit by CTDSEC, a well-respected blockchain security auditing firm, with experience auditing top-tier blockchain projects such as Ethereum and XRP, lending significant credibility to their findings on Bitrock’s network security. The audit covered the Bitrock blockchain’s smart contracts, validator system, and infrastructure.
The audit results from CTDSEC confirmed that Bitrock’s network is secure and free of major vulnerabilities that could jeopardize the integrity of the system. Important elements reviewed during the audit included:
- Validator performance and reliability: The PoA system was examined to ensure that validators operated consistently and securely. CTDSEC verified that the validator rotation system and block finalization processes are strong, ensuring continuous network operation even in cases where some validators may become temporarily unavailable.
- Smart contract code review: The audit also examined Bitrock’s smart contract implementations to ensure that they were free from vulnerabilities such as reentrancy attacks or overflow/underflow issues, which have affected other blockchain projects in the past.
- Network scalability and transaction validation: CTDSEC reviewed the network’s capacity to handle high transaction volumes securely, confirming Bitrock’s claims of 12,000 TPS without compromising security.
The successful completion of the audit enhances confidence in Bitrock’s technical infrastructure, reassuring both developers and users that the network operates in a secure and efficient manner.
Validator Rewards and Network Security
Validators in the PoA system are incentivized to maintain the integrity and security of the network through rewards. In Bitrock’s case, validators earn BROCK tokens for their participation in validating transactions and creating new blocks. The reward structure is based on a per-block reward system, meaning that validators receive a fixed amount of tokens for each block they successfully validate.
These rewards are distributed in 100,000,000,000,000 Wei, which is equivalent to 0.0001 BROCK per validated block. Given the fast block times (1 second), validators are able to earn consistent rewards, ensuring their active and honest participation in the network. The high throughput of 12,000 TPS amplifies the reward potential for validators.
The reward system is designed not only to compensate validators for their work but also to ensure the long-term stability and security of the network. Since validators must maintain their trusted status to continue earning rewards, they are incentivized to operate reliably and uphold the integrity of the blockchain.
Highlights
- Bitrock’s PoA consensus mechanism relies on trusted validators, ensuring faster block times and high transaction throughput without the energy costs associated with PoW.
- The network operates with 1-second block times and can handle 12,000 TPS, making it highly efficient for high-demand applications.
- A thorough security audit by CTDSEC confirmed that Bitrock’s validator system, smart contracts, and infrastructure are secure and free from major vulnerabilities.
- Validators are rewarded in BROCK tokens for validating blocks, ensuring consistent participation and network security.
- The PoA system allows for scalable, efficient, and secure blockchain operations while maintaining the integrity of the network through validator accountability.