The AXEL blockchain is backed by a Proof-of-Stake algorithm. In this method, our Masternode holders stake a certain amount of AXEL Tokens as collateral before they are deployed in the network. Masternode hosts then receive token rewards for their participation.
Proof-of-Stake consensus doesn’t require the competitive “mining” found in the alternative, Proof-of-Work, method. Mining requires an extraordinary amount of computing power, and therefore energy consumption. This makes Proof-of-Stake the more sustainable, environmentally-friendly choice.
AXEL Masternodes power the blockchain behind our global network. Thanks to AXEL Tokens, they have a vested interest in its security, integrity, and overall success. You can find our White Paper here to learn more.