create-validator
transaction. From there, they become validator candidates.create-validator
transaction. They will be asked to complete the following:PubKey
: The private key associated with this Tendermint PubKey
is used to sign prevotes and precommits.create-validator
is processed.create-validator
is processed.cosmosvalconspub
(Get this value with gaiad tendermint show-validator
)gaiad
and used to sign transactions. Application keys are associated with a public key prefixed by cosmospub
and an address prefixed by cosmos
. Both are derived from account keys generated by gaiad keys add
.cosmosvaloper
and cosmosvaloperpub
create-validator
transaction, it can be in one of three states:in validator set
: Validator is included in the active set of 64 and is participating in consensus. Validator is earning rewards and may be slashed if they misbehave.jailed
: Validator misbehaved and is in jail. The Validator is no longer participating in the active set of 64 or earning rewards. If the jailing happened because the Validator was offline too long, they can send an unjail
transaction to re-enter the Validator set. If they were jailed due to a double signing, the Validator cannot unjail.unbonded
: Validator is not in the active set, so doesn't participate in consensus, sign blocks, or earn rewards. The Validator also cannot be slashed. Delegators can still delegate BTSG to unbonded Validators, but if they unbond, their BTSG are released immediately without any unbonding period. delegate
transaction from your validator's application
key.1 btsg
.unbonding
transaction. 100*80%*1% = 0.8 btsg
100\*20% + Commission = 20.8 btsg
100\*80% - Commission = 79.2 btsg
2% * 1025.51020408 = 20.51020408
BTSG go to the Community.9*R + R + R*5% = 1005 ⇔ R = 1005/10.05 = 100
R + R * 5%
: 105 BTSG105 * 80% * 1%
= 0.84 BTSG105 * 20% + Commission
= 21.84 BTSG105 * 80% - Commission
= 83.16 BTSG (each Delegator will be able to claim their portion of these rewards in proportion to their stake)100 * 80% * 1%
= 0.8 BTSG100 * 20% + Commission
= 20.8 BTSG100 * 80% - Commission
= 79.2 BTSG (each Delegator will be able to claim their portion of these rewards in proportion to their stake)1 btsg
. Validators are not obliged to self-delegate more, but they should be able to demonstrate that they have skin in the game to Delegators.