Instruction:Voting on the DecimalChain and En:instructions:listingna btc-alpha?do=revisions: Difference between pages

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                    |title= How do I choose a validator?
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                    How do I choose a validator?


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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.


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The importance of choosing a validator
<span id="how_to_put_a_proposal_to_a_vote_in_decimalchain"></span>
= How to put a proposal to a vote in DecimalChain =


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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.


To make changes to the Decimal blockchain, the developers implemented a decentralized voting protocol.
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.


Any user can submit a proposal to the validators to improve the ecosystem through their personal DecimalChain console.
Therefore, there is a strategy of choosing several high-quality nodes with favorable staking conditions and distributing your stake among them.


Log in to your personal DecimalChain console and open the Browser. [[File:wiki-2020-12-21_12-12-35.png|1000px|class=mediacenter]]
List of validators


In the top menu, click the “Vote” tab, and you will be taken to a page where you will see the proposals accepted by the validators and the “Add Proposal” button. [[File:wiki-2020-12-21_12-15-18.png|1000px|class=mediacenter]] [[File:wiki-2020-12-21_12-18-41.png|1000px|class=mediacenter]]
Validator selection criteria


Click the “Add Offer” button and you will see a form to fill out. [[File:wiki-2020-12-21_12-22-42.png|1000px|class=mediacenter]]
When choosing a validator, you need to consider the following criteria::


Fill in the form in as much detail as possible, attach the files if necessary, and click “Suggest”. Next, you will receive a response to the email address you specified.
Reliability The reliability indicator is the number of warnings and penalties previously imposed by the system on the validator.


If your proposal is accepted, it will be submitted to the blockchain for a vote by the validators. The nine with the most voting power will make the decision. If ⅔ and more validators vote “Yes”, your proposal will be submitted to the DecimalChain. Otherwise, the changes will be rejected, and the information about the vote and its results will remain in the blockchain forever.
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.


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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.
<span id="how_do_i_view_past_votes"></span>
= How do I view past votes? =
 
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In your personal console, in the “Voting” tab, you can view all the past events.
 
Open the “Vote” page, and to the right of the “Add Offer” button, you will see the card of the last online event, its serial number and the result (“Accepted” or “Rejected”). To view more information, click the “Open” button on the event card. [[File:wiki-2020-12-21_12-31-29.png|1000px|class=mediacenter]] [[File:wiki-2020-12-21_12-37-34.png|1000px|class=mediacenter]]
 
In the title, you will see the voting sequence number, below-the voting status, transaction hash, and files. Below is the sequence number of the block (the starting block) from which the voting among the validators began, and the number of the block (the final block) on which the voting ended.
 
The voting duration parameter (start and end block) determines the company's SEO when putting your proposal to the vote. For example, the DIP-1 vote lasted about an hour (650 blocks).
 
Below you will see a description of the proposal and the results of the vote. More detailed results can be seen by scrolling the page lower.
 
 
 
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Revision as of 03:11, 5 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.

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