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                     |title= How to issue and cash a check
                     |title= How to stake coins
                     |titlemode= append  
                     |titlemode= append  
                     |keywords= How to issue and cash a check
                     |keywords= How to stake coins
                     |description= How to issue and cash a check
                     |description= How to stake coins
                     }}
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                    How to issue and cash a check


On the DecimalChain blockchain, any user can issue a check with any denomination of DEL coins or any other Decimal blockchain tokens.
How do I choose a validator?


How to issue a check
More information in the article:  DecimalChain Delegators


To issue a check, log in to your personal console using the seed phrase. In the side menu on the left, find the “Checks” button.
Сhoosing a validator is an important and timely question for any user in DecimalChain. In order to get the maximum benefit from staking, you need to take into account the validator's fee, the reliability of the node, bonuses and promotions during staking, the minimum stake for entry, and other indicators.


In the “Checks” section, you will see two forms to fill in. Scroll down to “Issue a check” and fill in the fields in the form.
To become a network delegate, you need to take three steps — get DEL coins or other Decimal network coins, choose a validator, and bond your coins to the validator you chose.


1. In the “Nonce” column, put the number 1
The importance of choosing a validator


2. In the graph “Coin to send”, select the coin you want to “pack” in the check
The basic remuneration for all validators is the same and depends only on the general network parameters. However, each validator offers different conditions for the delegators. Therefore, after carefully studying all the conditions, you can get additional benefits, such as a favorable validator fee, absence of penalties, permanent or one-time cashback, participation in promotions, and so on.


3. In the “Amount”column, specify the amount of coins you want to “pack” in the check
Poor performance of the validator can lead to  penalties for errors in the form of missed blocks, node unavailability, and double signature. This, in turn, will lead to a loss of funds — burning part of the bonded funds or forcibly withdrawing funds from the staking.


4. In the “Password” column, create a password that the recipient of the check will have to enter in the appropriate line to receive coins
Therefore, there is a strategy of choosing several high-quality nodes with favorable staking conditions and distributing your stake among them.


5. In the “Quantity” column, do not specify anything and then the check will be in a single copy. If you need to issue more than one check with an identical face value, the system itself will generate the appropriate number of passwords and form a file with a list of them for uploading
List of validators


6. In the column “Valid until the block”, do not specify anything and then you can cash the check at any time after the issue. If you need to limit the time of cashing, specify untill which block it will be available for cashing.
Validator selection criteria


Once all the fields are filled in, click the “Issue”button, confirm the transaction on the blockchain, and under the check issue form, under the “Issue” button, you will see “Signed check” - this is the address of the check that the recipient will need to insert in the corresponding line for repayment. You will also see the password that is required to cash the check.
When choosing a validator, you need to consider the following criteria::


How to cash a check
Reliability
The reliability indicator is the number of warnings and penalties previously imposed by the system on the validator.


To cash the check, the user needs to know
Validator strength (stake size)
This is the validator's own funds and his motivation to work stably and not fall under penalties. These are also funds of the delegators who`ve chosen this validator. Therefore, the larger the node's stake, the more reliable it can be.


1. The address of the check that looks like this: 2PGhppXsfxSUf9o23EtumYjT1ifKEez8HoENRpvuiL8SuRmwkF36nkTF1ooeztMvFaeAsGzyBPLUtXZfH422z9CDyCLmDMRZHdcHBsnm7Cs3yyoF39Sn8ZSQpfD7b2Z8xU22d9MLuSBzqa9UpjZicds17LYzVSrXJynxe3tBFhPCAVEwUZ4aQQEC5B9porBULdQLgzY9L9gfD8j5gbCJMBkFnFTzH2we9NzQxMVPELnq7kR9tFSi (this is an example)
Minimum stake
This indicator appears when the entire thousand slots (seats) of the validator have been filled. If the size of your stake is less than or close to the minimum validator stake, you need to choose a different node for staking.
The minimum stake is not set by anyone. Each validator has a thousand stake slots available, the smallest of which is the minimum. When there is a person who wants to bond a large amount with all the validator's stakes occupied, the new stake automatically displaces the minimum one, and the funds of the departed delegator are immediately returned to his wallet.


2. Password To cash the check, log in to your personal console using the seed phrase. In the side menu on the left, find the “Checks” button.
Fee amount
The validator's fee is another item of income from maintaining the network. The fee is set at the time of the candidate's application to the validators and cannot be changed further. The validator will deduct the specified fee from the delegator`s rewards.


On the “Checks” page, you will see two forms to fill in. We need to fill out the first form at the top“Pay off the check.” 1. In the “Check” column, insert the address of the receipt,. The example it may look like: 2PGhppXsfxSUf9o23EtumYjT1ifKEez8HoENRpvuiL8SuRmwkF36nkTF1ooeztMvFaeAsGzyBPLUtXZfH422z9CDyCLmDMRZHdcHBsnm7Cs3yyoF39Sn8ZSQpfD7b2Z8xU22d9MLuSBzqa9UpjZicds17LYzVSrXJynxe3tBFhPCAVEwUZ4aQQEC5B9porBULdQLgzY9L9gfD8j5gbCJMBkFnFTzH2we9NzQxMVPELnq7kR9tFSi
Author: Renata Dimova


2. In the “Password” column enter your password
[[Category:Instructions]]
 
Then click the “Cash” button, confirm the transaction and the coins from the check will appear on your account balance.
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[[Category::Instructions]]

Revision as of 01:23, 12 May 2022


How do I choose a validator?

More information in the article: DecimalChain Delegators

Сhoosing a validator is an important and timely question for any user in DecimalChain. In order to get the maximum benefit from staking, you need to take into account the validator's fee, the reliability of the node, bonuses and promotions during staking, the minimum stake for entry, and other indicators.

To become a network delegate, you need to take three steps — get DEL coins or other Decimal network coins, choose a validator, and bond your coins to the validator you chose.

The importance of choosing a validator

The basic remuneration for all validators is the same and depends only on the general network parameters. However, each validator offers different conditions for the delegators. Therefore, after carefully studying all the conditions, you can get additional benefits, such as a favorable validator fee, absence of penalties, permanent or one-time cashback, participation in promotions, and so on.

Poor performance of the validator can lead to penalties for errors in the form of missed blocks, node unavailability, and double signature. This, in turn, will lead to a loss of funds — burning part of the bonded funds or forcibly withdrawing funds from the staking.

Therefore, there is a strategy of choosing several high-quality nodes with favorable staking conditions and distributing your stake among them.

List of validators

Validator selection criteria

When choosing a validator, you need to consider the following criteria::

Reliability The reliability indicator is the number of warnings and penalties previously imposed by the system on the validator.

Validator strength (stake size) This is the validator's own funds and his motivation to work stably and not fall under penalties. These are also funds of the delegators who`ve chosen this validator. Therefore, the larger the node's stake, the more reliable it can be.

Minimum stake This indicator appears when the entire thousand slots (seats) of the validator have been filled. If the size of your stake is less than or close to the minimum validator stake, you need to choose a different node for staking. The minimum stake is not set by anyone. Each validator has a thousand stake slots available, the smallest of which is the minimum. When there is a person who wants to bond a large amount with all the validator's stakes occupied, the new stake automatically displaces the minimum one, and the funds of the departed delegator are immediately returned to his wallet.

Fee amount The validator's fee is another item of income from maintaining the network. The fee is set at the time of the candidate's application to the validators and cannot be changed further. The validator will deduct the specified fee from the delegator`s rewards.

Author: Renata Dimova

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