Validator Node definition

Validator Node means the collection of server hardware and software required to participate in a consensus on a Supported Blockchain Network by verifying and maintain a record of transactions as well as validating or producing new blocks on the Supported Blockchain Network ledger. “Node or “Nodes” have correlative meanings.
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Validator Node means any person who is qualified under the criteria set out by Bitkub to be the validator on Bitkub Chain for verifying transactions on Bitkub Chain which shall obtain the reward pursuant to the criteria set out by Bitkub and the Smart Contract.
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Validator Node means a computer containing any information required for the validation of the rules of consensus of the IDunion Networks and which is able to share its resources with nodes operated by other Stewards within the IDunion Networks.
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Examples of Validator Node in a sentence

  • If someone on chain A reports that a Validator Node has signed two blocks at the same height on chain A and chain B, this Validator Node will get slashed on chain A for 5% of the Stake.

  • If the Validator Node is banned for 10 minutes and isn’t turned on after that, there will be a temporary loss of eligibility of the Validator Node and its Delegators to receive Block Rewards and Transaction Fees for a certain number of blocks, which will represent irreversible opportunity costs for the Validator Node and User.

  • The remaining 95% of the User’s Stake will be automatically withdrawn from the Validator Node and are subject to the unbonding period established by the ▇▇▇▇▇▇ Network and described in Schedule A, Section 4.

  • To endorse a Transaction, a Transaction Endorser will sign a Transaction Author’s Transaction, so the Transaction will be accepted by a Validator Node.

  • If the Validator Node is banned for 24 hours, there will be a temporary loss of eligibility of the Validator Node and its Delegators to receive Block Rewards and Transaction Fees for a certain number of blocks, which will represent irreversible opportunity costs for the Validator Node and User.

  • If a Validator Node’s signature has not been included in 12 of the last 24 blocks, this Validator Node will be turned off and banned for 24 hours.

  • The remaining 95% of the User’s Stake will be automatically withdrawn from the Validator Node and are subject to the unbonding period established by the Terra Network and described in Schedule C, Section 3.

  • If the Validator Node is banned for 10 minutes and isn’t turned on after that, there will be a temporary loss of eligibility of the Validator Node and its Delegators to receive Transaction Fees for a certain number of blocks, which will represent irreversible opportunity costs for the Validator Node and User.

  • If someone on chain A reports that a Validator Node has signed two blocks at the same height on chain A and chain B, this Validator Node will get slashed on chain A for 1% of the Stake.

  • If a Validator Node’s signature has not been included in 10,368 of the last 34,560 blocks this Validator Node will be turned off, banned for 10 minutes and will get slashed for 0.03% of the Stake.


More Definitions of Validator Node

Validator Node means an EBSI Node in charge of validating the consensus of the network and the block generation. To do this, they run the consensus algorithm. Validator Nodes may also act as Regular Nodes;
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Validator Node. For purposes of network efficiency, only a limited number of Nodes are permitted to exercise Validation Rights on the Network at any given time.
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Related to Validator Node

  • Validation as used in WAC 222-20-016, means the department's agreement that a small forest landowner has correctly identified and classified resources, and satisfactorily completed a roads assessment for the geographic area described in Step 1 of a long-term application.

  • Screening means the process to determine whether the person seeking assistance needs further comprehensive assessment.