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Tokenchain Validation Process

The Tokenchain validation process is a crucial part of the Rubix protocol. Here's how it works:

  • Each transaction is validated by a quorum of seven validators, which ensures finality at the Tokenchain level.
  • The validation process proceeds independently for each token.
  • A transaction is moved to a "Validated" state when five validator signatures have been collected.
  • Once validated, the transaction is immutably written into the Tokenchain.
  • Validators are responsible for maintaining the token's state until the next transaction occurs.