🚨 New technical update from Moonbeam ($GLMR ): separating work quality from fraud!
The Moonbeam Network has announced an update to its protocol’s settlement mechanisms, which now clearly distinguish between rejecting work due to poor quality and proving fraud:
In the case of a bad grade: the buyer is refunded and the seller’s security deposit is returned.
Forfeiture of the deposit: requires an explicit ruling of "fraud" by a designated arbitrator, who has not yet been appointed.
📈 Impact on the $GLMR token:
Positive in the medium to long term: promotes fairer terms in smart contracts and increases developers’ and users’ confidence in the network’s service and trading protocols.
Reduced risk: protecting service providers’ funds from arbitrary loss increases network adoption, which positively affects GLMR’s investment value.
#GLMR #Moonbeam #TopGainers #Binance
$GLMR
The Moonbeam Network has announced an update to its protocol’s settlement mechanisms, which now clearly distinguish between rejecting work due to poor quality and proving fraud:
In the case of a bad grade: the buyer is refunded and the seller’s security deposit is returned.
Forfeiture of the deposit: requires an explicit ruling of "fraud" by a designated arbitrator, who has not yet been appointed.
📈 Impact on the $GLMR token:
Positive in the medium to long term: promotes fairer terms in smart contracts and increases developers’ and users’ confidence in the network’s service and trading protocols.
Reduced risk: protecting service providers’ funds from arbitrary loss increases network adoption, which positively affects GLMR’s investment value.
#GLMR #Moonbeam #TopGainers #Binance
$GLMR