MAP Protocol (MAP) Price, Charts & Market Data

MAP, the native cryptocurrency of MAP Protocol, is employed for paying network fees and serves as an incentive for block producers to facilitate and validate network activities. MAP Protocol's main objective is to enable secure and decentralised communication and transactions between different blockchains. When an inter-chain request is initiated on the originating chain, it is transferred by off-chain roles to the destination chain. Light clients on the source chain verify these requests in a peer-to-peer manner. Additionally, the robustness of MAP Protocol is reinforced through its integration with the Bitcoin network, whereby essential information and the Proof of Stake consensus of the MAP Relay Chain are documented as transactions in Bitcoin blocks.

Structure of MAP Protocol

The protocol is structured into three layers:

1. Protocol Layer: The technical foundation for cross-chain interoperability.
2. MAP Omnichain Service Layer (MOS): Facilitates specific omnichain services.
3. Application Layer: Where applications are developed and used.

Validators: The Gatekeepers of MAP Protocol

Validators play a crucial role in the protocol, acting as gatekeepers who check and ensure the accuracy and validity of transactions. They are randomly selected to verify new transactions and add them to the blockchain, receiving MAPO as a reward.

Requirements for Validators

Specific hardware and software requirements must be met to become a validator, along with the need to stake a certain amount of MAPO to secure the network. Those who prefer not to build a node can still participate in staking by delegating their MAPO.