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Why do we use a decentralized audit system?
The decentralized audit is a core feature of the Crunch Network that aims to increase transparency and accountability on the network. This has a number of advantages.
- 1.Bird's Eye View: The decentralized audit provides a bird's eye view of the state of the network at any given time, showing credit and debt profiles and trails of funds through the network.
- 2.Sophisticated Tools: It also features sophisticated tools for running simulations on various network parameters, allowing users to gauge the health and stability of the network.
- 3.Critical Information: The decentralized audit provides critical information that allows users to assess how various proposals will impact the network over time, enabling them to make informed decisions about their participation in governance processes.
- 4.Transparency and Accountability: By providing a transparent view of the network's state, the decentralized audit promotes accountability among participants, ensuring that all actions taken on the network are visible and auditable.
In summary, the decentralized audit is an essential component of the Crunch Network that provides users with critical information about its health and stability while promoting transparency and accountability among participants.
By enabling users to make informed decisions about their participation in governance processes, it ensures that the network remains sustainable and resilient over time.