VANTA is building a decentralized network that enables fast and low-cost development and operation of scalable services that provide infinite connectivity.
In VANTA, participating nodes compete to contribute to connect, transmit and process data in real-time on the network, which provide a low-cost and highly available intelligent network. By combining this competitive system with verifiable randomness, VANTA features a consensus algorithm that increases scalability and efficiency.
The annual amount of newly issued VNT tokens is determined by a fixed rate of 2 percent, and the variable rate is based on the number of tokens burnt in the previous year. Newly issued tokens are used as incentives for nodes performing real-time networking workloads and participating in block generation. Tokens burnt will go to the zero address, similar to Ethereum.