Work Net Blockchain simplified
Work Quest is built on the Work Net Blockchain, which is developed by using the Cosmos SDK. The Cosmos SDK is software that’s used in the building of Proof-of-Stake Blockchains. These Blockchains are often public, and multi-asset, meaning information is made readily available to everyone.
Cosmos SDK is usually used in creating Blockchains with a specified use or application. Cosmos SDK is such a powerful framework: it’s modular since it allows Blockchain developers to customize their Blockchain, enabling it to execute a specific function and interact with other Blockchains.
Work Net Blockchain allows trustless and trustworthy transactions which are unchangeable. Once the transaction information has been written in the Work Netblocks (ledgers), it will be impossible to alter.
Trustless, in this case, means that no one has been given the power to control it. Once the code has been written, it will never be changed, not even by the developer himself.
The Work Net Blockchain is also trustless in that no central authority can do anything with the data that’s written on it. Because of the security that Work Net Blockchain offers, the members have faith that all their dealings are secure, transparent, and trustworthy.
Within the Work Net Blockchain there exists physical database copies stored in each of the complete nodes; the nodes are namely the master and the validator.
To connect the high number of viewing requests to the Work Net Blockchain, the following components play a huge role in doing this:
1. The workers — these are the nodes that collect incoming data of the Work Net Blockchain. This data here is transactional information that includes buying, selling, sending, receiving, and balance.
2. Output data from the workers go to what is referred to as an indexer. The indexer arranges and marks incoming information.
3. The Master — this is where marked or indexed information is stored. It’s also known as the leading or the main database.
4. Deep storage (DeepS) — this is where the stored information (from the Master) is copied and stored. In other words, copies of data from the Master storage are kept in the deep storage.
5. The Explorer — this is where the users make search requests to look for all information types found on the Work Net Blockchain.
6. The Balancer — this is where all the Explorer users’ requests are evenly or equally distributed to the one that requested the deep storage.
Due to all the above components working in synchrony with one another, data buffering and rapid data access with greater bandwidth is performed.
Within the Work Net Blockchain system, there’s a channel for writing data to the Blockchain. This is done by using a specialized API system known as the Gateway. The Gateway is directly connected to the Work Net’s Blockchain nodes, the work console, and the desktop wallets. Wallet applications are also provided for mobile device users.
All these components in the Work Net Blockchain are decentralized, meaning no single person or developer has the power to fully regulate it.
How Does the Mining Process occur in Work Net Blockchain?
The Work Net blockchain has a mining process that involves two main members, the validator and the delegator. A validator is in charge of verifying transactions, ensuring the reliability of the transaction data.
Validators are also responsible for the addition of blocks into the Work Net blockchain. The validator with the highest stake token is the one that gets more reward as long as the proof of transaction is valid. If invalid, then the validator gets punished by receiving cuts on his reward tokens.
On the other hand, the delegator assigns or leases the share tokens. It is worth noting that leased or delegated tokens are locked and cannot be accessed by the delegator.
An example is if the validator receives a 5% cut of his total reward, the same 5% gets cut from the delegator’s earnings as well.
Any user within the Work Net blockchain has the potential to become either a validator or delegator, depending on the stake tokens they have.
Work Quest DAO
Work Quest DAO refers to an internet-native firm without control of the central authority. It’s controlled by a set of rules made by the majority of the Work Quest token holders (WQT). Work Quest DAO has two main tokens exchanged in its network:
1. Work Quest Token (WQT)
2. Work Quest USD (WUSD)
Work Quest Token (WQT) holders are responsible for managing and making rules that run the Work Net blockchain. For anyone to become a manager on the Work Quest DOA, you must have at least 100 WQT.
The value of a WUSD according to the Work Quest whitepaper is kept close to a dollar which used as a payment system in the Work Net for fast and cheap transactions.