🗝️Benefits of Key Holders

Engage in Governance:

• Key holders can actively participate in the decision-making process of the network. Users have the opportunity to propose and vote on important protocol changes, upgrades, and the redistribution of community funds within the BitEVM ecosystem. The development and strategic direction of the network can be directly shaped by users, enabling it to evolve in a way that aligns with the interests of the community.

Transaction Fee:

• BitEVM Key is used to cover transaction fees when users send funds or interact with smart contracts on the network. These fees are essential for preventing spam and ensuring that transactions are prioritised based on their significance within the blockchain.

Validators's Incentive:

• By owning a blockchain node, you become an essential part of the network, validating transactions and maintaining the blockchain, which has great potential for generating passive income. Active participation in this endeavour is rewarded with cryptocurrency, ensuring a consistent flow of passive income.

Network Security:

• It effectively prevents malicious actors from flooding the network with unnecessary transactions, ensuring a strong and secure environment. Validators (or miners) prioritise transactions with higher fees to ensure the efficiency and security of the network.

Optimising Resource Allocation:

• Efficiently allocating network resources through transaction fees. Users can experience faster transaction confirmations and priority processing, even during network congestion, by paying higher fees.