Validator Nodes
In the L1X blockchain network, validator nodes play a crucial role in maintaining the integrity and security of the network. These nodes become validators by staking a certain amount of L1X coins, which grants them the responsibility to validate transactions and contribute to the consensus process. Additionally, validator nodes have the chance to be selected as a Block Proposer through a pseudo-random algorithm. This content elaborates on the functions and selection process of validator nodes within the framework.
Staking L1X Coins: To become a validator node, participants are required to stake a specific amount of L1X coins. The staking process involves locking a predetermined number of coins in a designated wallet or smart contract. By staking L1X coins, nodes demonstrate their commitment to the network and gain the privilege to participate in the consensus mechanism.
Transaction Validation: Validator nodes have the responsibility to validate transactions within the L1X blockchain network. When a transaction is submitted, validator nodes verify its correctness, ensuring that it adheres to the predefined protocol rules and meets the required criteria. This validation process involves confirming the transaction's digital signatures, checking for sufficient funds, validating the transaction's integrity, and ensuring that the block is proposed by the node selected as the Slot Head.
Consensus Participation: Validator nodes actively participate in the consensus process to agree on the order and validity of transactions. They contribute to reaching a consensus by proposing and validating blocks that contain verified transactions. Validator nodes collectively validate and agree upon the state of the L1X blockchain, ensuring consistency and preventing malicious activities.
Block Proposer Selection: The L1X blockchain network employs a pseudo-random algorithm to select a validator node as a block proposer. This algorithm takes into account various factors, such as the amount of L1X coins staked, etc. The selection process is designed to be fair and unbiased, ensuring that each validator node has a chance to propose a block.
Block Proposal: The selected validator node, acting as the block proposer, creates a new block by bundling verified transactions for the slots it is selected. The proposed block includes a cryptographic hash of the previous block, establishing the chain of blocks within the blockchain. The block proposer broadcasts the proposed block to the nodes in the respective cluster in the L1X network for further validation and consensus.
Consensus Confirmation: Validator nodes collectively evaluate the proposed block to reach a consensus on its validity. They verify the included transactions, perform additional checks to prevent double-spending or other malicious activities and validate the block's integrity. If the majority of validator nodes of a cluster agree on the proposed block's validity, the block is broadcasted to the other selected clusters in the Cube. The block becomes part of the L1X blockchain when consensus is achieved from 51% of clusters, advancing the network's state.
By staking L1X coins, validating transactions, and participating in the consensus process, validator nodes contribute to the overall security, integrity, and decentralization of the blockchain network. The selection of a block proposer through a pseudo-random algorithm ensures a fair distribution of responsibilities, allowing every validator node to have an opportunity to contribute to block creation.
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