Monitoring and Community Participation

Monitoring Nodes Setup: X promotes transparency and security through a network of monitoring nodes that community members can operate.

• Setup Process: Community members can set up monitoring nodes by connecting to the X Layer 2 network. These nodes play a crucial role in validating transactions, maintaining the integrity of the network, and ensuring that all activities are accurately recorded.

• Participation Requirements: Running a monitoring node requires a basic level of technical knowledge and a commitment to the network’s health. Detailed guides and support are provided to help community members set up and manage their nodes effectively.

• Benefits: Monitoring nodes enhance decentralization, making the network more resilient against attacks and ensuring that no single entity has control over the network’s operations.

Rewards System for Community Engagement: To incentivize active participation, X implements a rewards system for community members who contribute to network monitoring and other activities.

• Incentives: Monitoring node operators and other active participants earn rewards in the form of xUSD or X tokens. These rewards are distributed based on the level of contribution and the importance of the tasks performed.

• Encouraging Engagement: By rewarding community members, X fosters a vibrant and engaged community that actively contributes to the network’s growth and security.

• Community Grants: Additionally, X offers grants for community-driven projects that enhance the ecosystem, such as developing new features, improving user interfaces, or conducting educational initiatives.