📌Checker Nodes

Checker nodes within KIP Protocol's system play a vital role in both the operations and the governance of the system as a whole.

It is important for users to be able to interact with apps knowing that they will promptly provide the service promised and charge for the interaction only once a reasonable response has been given. In a centralized system, the organisational hierarchy can perform this function. In a decentralized system, however, incentives must be offered to encourage participants to check on each other, thereby ensuring a high-quality service for all users.

In the case of KIP’s checking system, a set number of times each day, every node will be asked to ping a given supplier’s APIs to make sure that they are functioning correctly. Checker Nodes receive rewards based upon the number of checks conducted, provided via the KIP ecosystem fund and protocol fees.

If the check is conducted and no error is detected, the Checker Nodes report back that all is working as normal. If an error is returned, the fact is reported to the Checker Network and five other Checker Nodes are activated to confirm the error. If they confirm, the asset’s stake will be slashed and redistributed to the checker nodes. If they find the API to be working, the fact is registered.

Likewise, Checker Nodes play an important role in KIP Protocol's governance process. In the event of intellectual property conflicts and other complaints against providers, owners of Checker Nodes receive rewards for reviewing the evidence and participating in a quadratic voting process to resolve the dispute.