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CodeBoy.Peera.
ForAll Things Web3Sep 26, 2022
Expert Q&A

Web3 Audit - What does it mean?

Hi all!
I'm happy to be here again.
Recently I've faced with a such concept as audit. So, I'm curious to find out what does it mean.

  • blockchain
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Chuba.
Sep 26 2022, 15:09

Hi!
Happy to see you again)
Any time that a task payload is submitted by a participating node, an audit can be called by any other node which has a stake in that task. During an audit, any participating nodes will automatically check the work of the suspect node, and vote to slash their stake if a majority of participating nodes agree that the submitted payload does not match the expected result.

In practice, this means tasks can function as deterministic smart contracts, while also incorporating off-chain information and providing scalable integrations with storage-layer data.

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Web3 (also known as Web 3.0) is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics.

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