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.
Sample 1Sample 2
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.
Sample 1Sample 2
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.
Sample 1Sample 2

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.

  • 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 9,500 of the last 10,000 blocks or a Validator Node’s oracle votes has not been included in 21,600 of the last 432,000 blocks, this Validator Node will be turned off, banned for 10 minutes and will get slashed for 0.01% of the Stake.

  • The remaining 95% of the User’s Stake will be automatically withdrawn from the Validator Node and are subject to the unbonding period established by the Xxxxxx Network and described in Schedule A, Section 4.

  • Operate a Validator Node of the Sovrin Network in compliance with the Business Policies, Legal Policies, and Technical Policies of the PTF.

  • 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.

  • 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.

  • 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.

  • However, staking Q Tokens to a Validator Node does not limit the Q Token holder’s ability to participate in governance votes in Q.


More Definitions of Validator Node

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.
Sample 1
Validator Node means an EBSI Node in charge of guaranteeing 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.
Sample 1

Related to Validator Node

  • Assay means a laboratory analysis of Crude Petroleum to include the following: A.P.I. Gravity, Reid vapor pressure, composition, pour point, water and sediment content, sulfur content, viscosity, distillation, hydrogen sulfide, flash/boiling point and other characteristics as may be required by Carrier.

  • Screening means the evaluation process used to identify an individual's ability to perform activities of daily living and address health and safety concerns.

  • Substrate means the surface onto which a coating is applied or into which a coating is impregnated.

  • Drug test means a test designed to detect the illegal use of a controlled substance.

  • Fluoroscopic imaging assembly means a subsystem in which X-ray photons produce a visual image. It includes the image receptor(s) such as the image intensifier and spot-film device, electrical interlocks, if any, and structural material providing linkage between the image receptor and diagnostic source assembly.

  • Digital audio-visual work means a series of related images which, when shown in succession, imparts an impression of motion, together with accompanying sounds, if any.

  • Alcohol Screening Device (ASD) means a breath or saliva device, other than an Evidential Breath Testing Device (EBT), that is approved by the National Highway Traffic Safety Administration and placed on its Conforming Products List for such devices.

  • Batch means a specific quantity of Product that is intended to be of uniform character and quality, within specified limits, and is produced during the same cycle of Manufacture as defined by the applicable Batch Record.

  • Prescription device means an instrument, apparatus, implement, machine, contrivance, implant, in vitro reagent, or other similar or related article, and any component part or accessory, which is required under federal or state law to be prescribed by a practitioner and dispensed by or through a person or entity licensed under this chapter or exempt from licensure under this chapter.

  • Grab sample means an individual sample collected in less than 15 minutes in conjunction with an instantaneous flow measurement.