Validators

What is a Validator?

Validators are the backbone of the Neutaro network. They run nodes to validate transactions, secure the blockchain, and participate in governance decisions – earning staking rewards in the process.

How to be a validator

Step 01

Download the Neutaro blockchain repo and install it onto your server with the Go Compiler.

Step 02

Link your node to the Neutaro blockchain.

Step 03

Any participant in the network can signal that they want to become a validator by sending a create-validator transaction, where they must fill out the following parameters:

  • Validator’s PubKey: The private key associated with this  PubKey is used to sign prevotes and precommits.
  • Validator’s Address: Application level address that is used to publicly identify your validator. The private key associated with this address is used to delegate, unbond, claim rewards, and participate in governance.
  • Validator’s name (Required)
  • Validator’s website (Optional)
  • Validator’s description (Optional)
  • Initial commission rate: The commission rate on block rewards and fees charged to delegators.
  • Maximum commission: The maximum commission rate that this validator can charge. This parameter is fixed and cannot be changed after the create-validator transaction is processed.
  • Commission max change rate: The maximum daily increase of the validator commission. This parameter is fixed cannot be changed after the create-validator transaction is processed.
  • Minimum self-delegation: Minimum amount of Neutaro the validator requires to have bonded at all time. If the validator’s self-delegated stake falls below this limit, their validator gets jailed and kicked out of the active validator set.

Step 04

After a validator is created, Neutaro holders can delegate Neutaro to them, effectively adding stake to the validator’s pool. The total stake of an address is the combination of Neutaro bonded by delegators and Neutaro self-bonded by the validator.

Step 05

From all validator candidates that signaled themselves, the 55 validators with the most total stake are the designated validators. If a validator’s total stake falls below the top 55, then that validator loses its validator privileges. The validator cannot participate in consensus or generate rewards until the stake is high enough to be in the top 55. Over time, the maximum number of validators may be increased via on-chain governance proposal.

For detailed instructions please review our Neutaro Github. GitHub – Neutaro/Neutaro

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Active Validator Set

Neutaro’s validator set is capped at the top 55 validators by total stake. Validators outside the active set do not participate in consensus until their stake increases.