At NUTS, we believe credibility is essential to a sustainable, efficient financial market. We envision a truly trustless and permissionless blockchain network where participants can benefit from network effect while partaking in network governance without any significant barriers. With the hopes to achieve this we are introducing a new consensus protocol, Credibility Proof of Stake (also referred to as CPoS).
CPoS is a hybrid consensus protocol composed of accumulation of on-chain credibility and token stake. Credibility can be obtained through a diverse range of activities on the network, which then can be directly translated into network mining resources. Credit mining is a monetary incentive mechanism designed for network participants with healthy behaviours, and qualified FSPs can become a mining node to earn token rewards from the Credit Mining pool.