Components

• Validators: Validators are independent entities that operate the NBNTV software. They are chosen through a staking mechanism and are incentivized through fees accrued from performing validation tasks.

• Consensus Algorithm:The consensus algorithm is a fusion of Proof-of-Stake (PoS) and Practical Byzantine Fault Tolerance (PBFT), promoting swift, secure, and democratic decision-making among the validators.

• NFT Bridge Smart Contracts: Smart contracts specifically designed for NFT transfers are deployed on all supported blockchain networks. These smart contracts enable the locking, unlocking, and minting of NFTs during cross-chain transactions.

• Governance Module:The governance is structured as a Decentralized Autonomous Organization (DAO), allowing stakeholders to propose and vote on updates or changes to the protocol.