Polygon Network's Security: Understanding Validators & Delegators
Introduction
If you've ever wondered who safeguards the Polygon Network, look no further than the Validators, the digital knights of this blockchain network. Validators play a crucial role, staking their $MATIC tokens to ensure network security while simultaneously operating the Heimdall validator and Bor block producer nodes. But what's in it for them, and what if you want to contribute to network security without running a full node? Read on to discover more about the vital roles of Validators and Delegators in the Polygon Network.
The Role of Validators and their Rewards
Validators maintain network security by staking their $MATIC tokens and running full nodes. They're rewarded proportionally for their service, according to their stake, with a bonus for the one who proposes a block. Rewards are updated with every new checkpoint, making it a dynamic and continuous process.
The Delegators: Helping Secure the Network
Delegators serve as a viable option for those who want to contribute to the Polygon network's security without running a full node. By delegating your tokens to a validator, you can still participate in securing the network, contributing to its overall robustness and stability.
Validators: The Stewards of the Network
Validators take on multiple responsibilities, including running full nodes, producing blocks, validating consensus, and committing checkpoints on the Ethereum mainnet. They employ a couple of key tools to perform these tasks: Heimdall and Bor. Heimdall is used to read events and select validators based on their updated stake ratio, while Bor assists in block production.
How Validators Become Effective
Validators become effective when the next checkpoint is committed, which captures any changes or updates. A typical day for a validator involves setting up signing nodes, syncing data, staking tokens, producing blocks, validating, participating in consensus, and committing checkpoints. It's a busy schedule, no doubt, but one that's crucial for the effective functioning of the Polygon Network.
Chances of Selection and Opting Out
The chance to become a block producer or checkpoint proposer depends on the stake ratio, including delegations. Rewards are given at every checkpoint according to the stake ratio, ensuring that every contribution to the network is acknowledged. If a validator decides to leave, they can opt-out at any time and withdraw their tokens once the unbonding period has concluded.
Future Prospects for Validators
Although current Polygon Proof-of-Stake slots are filled, with a waitlist for new validators, the future might hold openings. Should slots become available, validators on the waitlist will be considered. So, if you're interested in joining the ranks of these digital knights, stay tuned for future opportunities!
Conclusion
Now that you have an insight into the roles of Validators and Delegators, you might consider contributing to the Polygon Network's security. Whether you choose to take on the full responsibilities of a Validator or delegate your tokens as a Delegator, your contribution will help maintain the network's robustness and stability. So, are you ready to join the ranks?