Validator Application: User Guide
Official guide to onboard as a validator in the Qubetics network using the Qubetics validator application.
Validators play an important role in ensuring the security of a blockchain network and facilitating the creation of new blocks. They also participate in the consensus process with other validators. This document is intended to guide users through the process of becoming a validator on the Quebtics network.
Before proceeding, please ensure you have successfully set up your Quebtics Validator Node.
Who are validators?
A validator is a participant in a network who is responsible for maintaining the integrity of the distributed ledger by validating transactions and adding them to the blockchain. They are in charge of creating new blocks, as well as ensuring the network's finality and, ultimately, its security.
Validators are incentivized to participate in the network through the use of a cryptocurrency or tokens (TICS Tokens in our chain) and are required to "stake" a certain amount, min. 100 TICS of tokens to become a validator on Testnet and 25000 TICS on Mainnet.
The stake acts as a guarantee of good conduct, and whenever they make a mistake, this stake is slashed. In contrast, when they follow the rules, they are generously compensated. Running a validator on a live network involves a significant amount of responsibility. They will be made responsible for not just their stake but also for the stake of their delegators. Their money and reputation will be affected if validators make a mistake and get slashed.
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