As the Kyoto Blockchain transitions from its Quorum-Based Fault Tolerance (QBFT) consensus to a Proof of Stake (PoS) model, understanding node ownership and the associated reward mechanism is crucial.
Node ownership in Kyoto Blockchain is uniquely represented through Node NFTs. These digital tokens, signifying ownership, are distinct and tradable, allowing for the transfer and sale of node ownership rights. This system not only confirms ownership but also introduces flexibility and liquidity in the node market.
The planned future shift to a PoS model marks a significant evolution for Kyoto Blockchain. This new model bases transaction validation and block creation on the stake of node owners, promising enhanced network efficiency and sustainability. Upon PoS upgrade (Yeugen) node owners will redeem their NFT for node ownership on the new Kyoto Blockchain, 206 million KYOTO are allocated out of the maximum supply of 750,000,000 for network rewards after POS upgrade.