🛡️Become a Validator

Contribute to the security of the Latest Chain network by becoming a validator.

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"Validator slots on the Latest Chain are limited up to 500 only and become available only when an active validator unbinds or is removed due to performance issues. If you're interested in becoming a validator on the Latest Chain, you can apply through this link: Application Form.

Please note that submitting an application does not guarantee a validator slot."

Validator Setup Instructions (Click Here)

Once you successfully complete the above steps, you are now a validator, and you are now securing the network and earning a staking reward at the same time.

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Glossary

• Validator. Responsible for packaging out blocks for on-chain transactions.

• Active validator. The current set of validators is responsible for packing out blocks, with a maximum of 500.

• Epoch. Time interval in blocks, currently 1epoch = 200block on LatestChain. At the end of each epoch, the blockchain interacts with the system contracts to update active validators.

System Contracts

LatestChain-System-Contracts

The management of the current validators is all done by the system contracts.

• Proposal: Responsible for managing validator access and validator proposals and votes.

• Validators are responsible for ranking management of validators, staking and unstaking operations, distribution of block rewards, etc.

• Punish: Responsible for punishing operations against active validators who are not working properly.

Blockchain call system contracts：

• At the end of each block, the Validators contract is called and the fees for all transactions in the block are distributed to active validators.

• The Punish contract is called to punish the validator when the validator is not working properly.

• At the end of each epoch, the Validators contract is called to update active validators, based on the ranking.

Staking

For any account, any number of coins can be staked to the validator, and the minimum staking amount for each validator minimum of 200,000 LATEST Coins. If you want to unstake, you need to do the following:

Punishment

Whenever a validator is found not to pack a block as predefined, the Punish contract is automatically called at the end of this block and the validator is counted. When the count reaches 24, all income of the validator is punished. When the count reaches 48, the validator is removed from the list of active validators, and the validator is disqualified.

Blockchain call system contracts：

• At the end of each block, the Validators contract is called and the fees for all transactions in the block are distributed to active validators.

• The Punish contract is called to punish the validator when the validator is not working properly.

• At the end of each epoch, the Validators contract is called to update active validators based on the ranking.