Mon. Oct 18th, 2021
    VALIDATOR Free TON

    Free TON blockchain has formed the first pool of validators – specialists who will be involved in checking and confirming transactions of network users.

    In order to create a team of validators, members of the Free TON community hold elections. Anyone can become a contender, subject to a number of technical conditions. Except for US citizens.

    As a first step, applicants need to sign the Declaration of Decentralization on the community website https://freeton.org/dod. Naturally, you need to have at least one validator node. You can check the node in the net.ton.dev test network. In the future, the node will be needed to participate in competitions. Technical requirements for equipment for launching a node can be viewed at https://docs.ton.dev/86757ecb2/p/83dfff-validator-faq

    Pay attention to an important feature – the ability to operate with impressive information flows. Therefore, it is recommended to use a server with no traffic restrictions.

    At the moment, the Free TON network is divided into 16 shards – horizontal sections in the database. The Free TON architecture is such that regardless of the presence or absence of transactions, a block is issued every few seconds in all shards. In a situation of an inevitable increase in load and an increase in the number of transactions, it will be possible to avoid a sharp jump in traffic.

    The node group selected for validation is published on the page https://ton.live/validators?section=all

    Each node must have access to a token wallet. Tokens are used as stakes during the election of validators.

    For the operation of the selected group of validators, the time period and the number of blocks to be checked are indicated. Each of the validators can see a list of checked blocks on the site’s personal page.

    As of July 2020, 29 validators have been selected. In the future, it is planned to increase the number of active validators to three hundred.

    Validators will be rewarded with Free TON – TON Crystal cryptocurrency for their work in verifying the validity of transactions. In the current working group, everyone receives a percentage of the allocated amount – in accordance with the number of blocks checked. It is assumed that the total amount of rewards to validators will be 5% of the total amount of the Free TON network cryptocurrency.

    Free TON is based on the principle of the formation of new PoS blocks (https://en.wikipedia.org/wiki/Proof_of_stake) – a protection method in which the ability to form a block is proportional to the share of TON crystal owned by the participant in relation to the total amount of cryptocurrency in the network. For example, owning 5% of the total TON Crystal, validators as a group will generate 5% of blocks on average. Unlike the PoW method of doing work, the block creation algorithm does not depend on the power of the equipment and is much more energy efficient.

    In the future, the validation network will evolve to ensure security and optimize Free TON’s decentralization. As the number of validators grows, they will be divided into groups. Each group will work with its own sharda. This will ensure the stability of interactions between nodes during validation.

    1
    0

    Leave a Reply

    Your email address will not be published. Required fields are marked *