🔥Burning

Burning serves as a fundamental mechanism within the Viper Network, fulfilling both security and economic purposes. It plays a vital role in discouraging and economically disincentivizing bad behavior, while also managing the total supply of the VIPR token to prevent hyperinflation and maintain long-term stability.

Requestor Stake Burning

In Viper Network, a token-burning mechanism is implemented to regulate network usage and maintain a healthy ecosystem. At the conclusion of each session, tokens are burned on the requestor's side proportional to the level of network utilization. This approach ensures that the network remains efficient and sustainable by curbing excessive usage and incentivizing responsible behaviour. As tokens are systematically removed from circulation based on usage metrics, the scarcity of tokens increases, potentially leading to an appreciation in token value over time. By aligning economic incentives with network utilization, the Viper Network promotes a balanced and self-sustaining ecosystem, fostering long-term viability and growth.

Jailing and Slashing

Jailing and slashing are critical components of the Viper Network's security measures, designed to maintain integrity and reliability.

• Jailing: Jailing entails restricting the functionality of an entity within the network due to certain violations or failures to meet network standards.

• Slashing: Slashing involves the reduction of an entity's stake as a penalty for malicious behaviour or network rule violations.

Implementation:

• Fisherman Slashing: Fishermen face slashing penalties if they submit invalid report cards, resulting in a 0.02% loss of their stake and will be jailed if they miss more than 3 report cards.

• Servicer Inactivity: Servicers may be paused and slashed for being inactive, as detected by the Fisherman, with a 0.0001% stake deduction.

• Poor Performance: Servicers scoring below 0.67 after servicing five sessions risk being slashed by 0.001% of the stake and jailed for inadequate performance.

• Irregular Block Signing: Servicers not regularly signing blocks face stake deductions by 0.0001% and potential jailing.

• Double Signing: Servicers face a slashing of 0.0001% of stake and jail penalties for engaging in double signing, a serious violation.

• Replay Attack: Slashing penalties of 0.0001% of stake are enforced for participating in replay attacks, ensuring network security and reliability.