Deep Dive
1. Epoch-Based Consensus (May 2025)
Overview: MemeCore uses daily epochs where validators are chosen from a governance contract, blending Ethereum’s PoS with a PoA-like system. Blocks are produced every 7 seconds.
The network caps validators at 100, requiring a fixed $M stake for registration. This design aims to decentralize control while maintaining throughput (7-second block time vs Ethereum’s ~12 seconds). Validators can exit instantly, though a 1-month lock period is under consideration.
What this means: This is neutral for MemeCore – it balances decentralization with efficiency but risks centralization if large stakeholders dominate validator slots. (Source)
2. ERC-20 Vault Mechanism (May 2025)
Overview: Every ERC-20 token on MemeCore must deposit 5% of its supply into a vault, which distributes tokens to stakers over 1,000 days.
Projects undergo multisig approval to list tokens, ensuring basic security checks. The vault’s vesting period can be modified via governance.
What this means: This is bullish for MemeCore – it incentivizes long-term participation and creates a built-in demand sink for $M through staking. (Source)
3. Slashing Prep (TBA)
Overview: A monitor role will assess validator performance (downtime, block production), triggering automatic slashing via smart contracts.
Penalties occur in two phases: stake reduction and temporary validator exclusion. The system remains inactive until governance finalizes criteria.
What this means: This is bearish short-term – unproven slashing mechanisms could deter validators, but bullish long-term if it improves network reliability. (Source)
Conclusion
MemeCore’s codebase prioritizes validator accountability and sustainable tokenomics, though key features like slashing remain theoretical. How might Phase II’s oracle-driven reward system alter stakeholder incentives if implemented?