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.

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.

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.

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.

• The Decree establishing an Ordinariate will determine the location of the See and, if appropriate, the principal church.We desire that our dispositions and norms be valid and effective now and in the future, notwithstanding, should it be necessary, the Apostolic Constitutions and ordinances issued by our predecessors, or any other prescriptions, even those requiring special mention or derogation.Given in Rome, at St. Peter’s, on November 4, 2009, the Memorial of St. Charles Borromeo.

• MUST run as a Validator Node (Observer Nodes will not be introduced until the General Availability Network).

• One node must have 250k tokens staked in order to become a valid Validator Node and participate in the network.

• SHOULD be isolated from internal systems of a Steward (since the Validator Node is publicly visible and thus an inappropriate candidate for access to privileged internal networks).

• The foundation is the Validator Node being developed by Quantstamp, a heavily modified Ethereum node containing an analytical toolkit that applies techniques from formal methods8.

• SHOULD have at least one dedicated NIC for Sovrin Validator Node consensus traffic, and a different NIC to process external requests.

• The remaining 95% of the User’s Stake will be automatically withdrawn from the Validator Node and are subject to the unbonding period established by the Xxxxxx Network and described in Schedule A, Section 4.

• As network administrators, miners and validators, Validator Node custodians must be invested in the longevity and wellbeing of the Fraxeum blockchain.

• 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.

More Definitions of Validator Node

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.

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.