Key Terminology 📝

🌐 Network and Protocol

Netova Network

Netova Network is a marketplace for blockchain data, powered by open-source software and protocols. It aims to provide modular peer-to-peer data accessibility and availability, enabling seamless interaction across multiple blockchains.

Netova Protocol

The Netova Protocol represents the practical implementation of Netova's features in code, both on-chain and off-chain, facilitating the network's operations and interactions.

Token (NET)

NET is the native digital asset of the Netova Network and is central to its economic model. It serves multiple purposes within the network, including:

• Transaction Fees: Used to pay for gas fees required for transactions.

• Governance: Acts as a governance token, allowing holders to participate in network decisions and shape the future of the platform.

• Rewards: Distributed as rewards to validators, providers, and contributors who help maintain and improve the network.

Governance

Governance in the Netova Network is a decentralized decision-making process where token holders have control over key aspects of the network. This includes protocol upgrades, resource allocation, and other significant decisions affecting the network's future.

Specifications

Specifications (specs) are modular blueprints for Netova's multichain and multi-API support. They define chain and method requirements, costs, and verifications. Specs represent the minimum module necessary for Netova API support, enabling a flexible and adaptable integration process.

💰 Subscriptions and Plans

Subscriptions

Subscriptions are commitments made by consumers to access Netova Network's services. These include details on pricing, resource allocation, and usage rules, providing users with tailored access to the network's capabilities.

Plans

Plans are frameworks that define various subscription offerings available for purchase by consumers. They include details on pricing and resource limits, allowing users to choose the package that best suits their needs and usage requirements.

Projects

Projects are segmented environments within a subscription. They allow consumers to customize service provisioning and management for specific use cases, enabling targeted resource allocation and efficient management of network resources.

📊Quality of Service (QoS)

Excellence QoS

Excellence QoS comprises a set of metrics designed to ensure a high Quality of Service (QoS) for consumers. It enables detailed monitoring and customization of provider performance, allowing users to assess and optimize the services they receive based on response time, availability, and data freshness.

Passable QoS

Passable QoS is a simplified binary metric that indicates whether a relay meets a minimum usability standard. This metric influences the distribution of payouts and penalties, ensuring that only providers meeting essential service criteria are rewarded, while those failing to do so face penalties.

👥 Roles on the Network

Consumers

Consumers are individuals or organizations that purchase subscription plans to access blockchain data and services offered through the Netova protocol. They utilize the network’s resources to meet their data needs and drive their blockchain-related activities.

Providers

Providers are entities that stake tokens to offer services to consumers. They play a critical role in maintaining data integrity and ensuring the network delivers reliable and accurate information. Providers are incentivized to maintain high performance and availability.

Validators

Validators are network participants who stake tokens to secure the network. They are responsible for creating blocks, executing transactions, and voting on important network matters. Validators help maintain the network’s security and ensure its smooth operation.

NET Token Holders

NET Token Holders are individuals who possess NET tokens. They have the option to delegate tokens, participate in governance decisions, and potentially earn rewards for their involvement in the network’s activities and decision-making processes.

Contributors

Contributors are members of the network who create and maintain RPC and API specifications and software. They actively participate in the community through bounties and contributions, helping to develop and enhance the network’s capabilities and offerings.