Run a Node
To mine MTTs
To mine MTTs
Validators Nodes participate in consensus to increase security and to forge new blocks.
What is the MTT Validator Protocol?
The MTT Validator Protocol is the incentive framework for validator nodes within the MTT Network. According to the MTT Network whitepaper, 10% of MTT tokens are allocated as mining rewards. The MTT Network operates on a Proof of Stake (PoS) consensus model, where network security and stability are ensured by validators. These validators form the decentralized backbone of the ecosystem, enhancing the network’s security robustness and are rewarded for their contributions.
What are Validators?
Validators on the MTT Network are responsible for verifying user transactions and maintaining an up-to-date on-chain data ledger. Invalid transactions are rejected, and underperforming validators are subject to slashing penalties, which may result in loss of staked tokens as a measure to maintain network integrity.
How to Become a Validator on the MTT Network?
To become a validator, you can follow the step-by-step guide on our website:
- Download the validator client codec.
- Set up and run the node on a stable hardware server with reliable network connectivity.
- take a minimum required amount of MTT tokens to join the validator pool.
- Once operational, your node enters the candidate pool and may receive block production tasks from the network. Detailed instructions can be found in the “MTT Validator Protocol ” section.
How to Earn Mining Rewards?
Validators earn rewards by performing tasks such as block production, transaction validation, and data packaging. These rewards include both block rewards and gas fees. The rewards are distributed automatically at the end of each cycle to the validator node, which then allocates them among its stakers based on their respective stakes. Validators must ensure their hardware and network configurations are optimized to increase their block proposal weight and improve their chances of receiving block production assignments.
Can I Stake Without Running a Node?
Yes, even if you do not operate a validator node, you can participate in staking by delegating your tokens to an existing validator. Delegators earn rewards proportional to their stake but must pay a commission fee to the chosen validator. You can view and claim your earned rewards directly from the network interface, though a certain lockup period may apply.
Are Validators Trustworthy?
Validators are required to stake a fixed amount of MTT tokens as collateral, ensuring they remain competitive and credible. This staking mechanism not only incentivizes good behavior but also subjects validators to slashing penalties for actions such as missed block production, delayed reward distribution, or other performance issues. Slashing reduces the validator's staked tokens, thereby maintaining the network's integrity. Additionally, the staked tokens are contractually locked during active participation, preventing validators from unilaterally withdrawing their stake, further safeguarding the network.