Cryptographic signatures that make up votes are signed with Validators' private keys, which is the basis of participation in the consensus protocol.
The BlocX validation mechanics are based on Tendermint Core — one of the most active contributors to the Cosmos Network.
Becoming a Validator lands both a big responsibility on the user, and an opportunity of receiving some of the highest rewards in the whole ecosystem.
Validators must set up their own individual fees that Delegators --- stakers in PoS blockchains -- would have to pay. - Validators receive the ecosystem’s total annual inflation rate of 20%, on top of the fees paid by smart contract users
With attractive systems like the BlockX Validator program come some bottlenecks for the average user. In addition to the BCX holdings minimum of 100k tokens, there are some hardware requirements for being eligible for the Validator program:
4 CPU cores
Ubuntu-running machines are supported
More testing is required
for other operating systems
Validators have more responsibilities than creating new blocks and confirming transactions. They shouldn't be offline for long periods of time, nor should they ignore BlockX governance and participation within.
Node validators are the key players and stakeholders of a PoS blockchain, thus it is highly recommended to vote on the development and the future of BlockX consistently.
Being a BlockX Validator comes with the highest rewards of all ecosystem participants for preserving the foundation of the chain. Apply to become a Validator today and get your skin in the game to be generously compensated afterward.
Familiarize yourself with Cosmos SDK to get a better grasp on what BlockX is doing, and check out our work-in-progress Validator Documentation on GitBook.