🔒Security Nodes
Exporting security to other Application-Specific-Blockchains and creating a Maya Economy.
Last updated
Exporting security to other Application-Specific-Blockchains and creating a Maya Economy.
Last updated
Maya Protocol is designed to be safe, useful, and solvent to attract Liquidity Providers and facilitate cross-chain exchanges. Due to its economical design and incentives, it has the ability to export this Security and Solvency to other listed chains while sharing $CACAO tokens. Maya can remain a conservative space even though $CACAO can be used in other, more flexible, or fast-growing environments, creating new use cases and demand for it while bringing back more economic activity to the Maya Economy.
Maya is, by design, a very solvent, very secure, and very censorship-resistant network. It also has the tradeoff of not supporting some interesting capabilities like smart contracts, DeFi, derivative products, NFTs, etc.
Maya could export its security and solvency architecture to other side chains by sharing the same nodes and the same native token —$CACAO. This can be accomplished with triple redundancy by having an IBC bridge, Bifröst equivalent —and what we call a “Security Nodes” model. In exchange for securing alternative chains, Maya Protocol can earn fees or taxes differently.
Alternative chains could have many functionalities and economic activities that benefit $CACAO and the whole Maya ecosystem. As long as it is done within certain limits and parameters, there is little to no downside in having more chains.
