Bitkub ChainProof of Stake
0
Total Participants
0
Total Stake
0KUB
Total Reward Distributed
Bitkub ChainProof of Stake
0
Total Participants
0
Total Stake
0KUB
Total Reward Distributed
What is
PROOF OF STAKE (POS) ON THE BITKUB CHAIN ?
Bitkub Chain Proof-of-Stake- a consensus mechanism on the Bitkub Chain that allows anyone to participate by "staking" KUB to become the Validator or the Delegator by staking KUB to assist the Validator to have more chance of being selected to validate transaction on Bitkub Chain.
With such a system, Bitkub Chain will be more efficient in its operations, exploiting network development possibilities, having robust security measures, and being more reliable.
Validator & Delegator's
Benefits and Differences
The Bitkub Chain's Proof of Stake consensus system offers benefits and remarks for those who participate as the Validators and the Delegators. The specifics are outlined below.
VALIDATOR
The Validator is in charge of verifying and validating transactions on the blockchain in order to promote transaction security and decentralization for blockchain. For Bitkub Chain, the group of individuals who participate as Validator must stake their KUB to be entitled as Validators and receive reward determined by the quantity of KUB staked by each Validator.
- Validation of transactions via the block and the consensus mechanism
- Earn higher rewards based on the staking amount
- Have ownership of nodes and control over the operation of the Node
- Directly contribute to safeguard security and stability of Bitkub Chain network
- Required technical knowledge and infrastructure setup of the Node
- Responsible for maintaining the availability of Node
DELEGATOR
Delegator delegates authority for validating transaction to the Validator of which the Delegator shall jointly stake KUB with the Validator for joining in validation of transaction on the block and obtain reward proportionately dependent to the amount of KUB staked by the Delegator. The Delegator is not required to have any technical knowledge or placement of infrastructure system for the Node.
- Participate indirectly by joining with Validators
- Receive rewards from validation of transaction proportionally, of which such reward shall be shared between the Validator and the Delegator
- No need to setting up or maintaining infrastructure or having technical expertise relating to the Node
- Rely on Validators' performance
- May encounter the situation that some Validators may not obtain much chance to validate blocks and obtain reward.
- Flexibility to stake with different Validators
What is
PROOF OF STAKE (POS) ON THE BITKUB CHAIN ?
Bitkub Chain Proof-of-Stake- a consensus mechanism on the Bitkub Chain that allows anyone to participate by "staking" KUB to become the Validator or the Delegator by staking KUB to assist the Validator to have more chance of being selected to validate transaction on Bitkub Chain.
With such a system, Bitkub Chain will be more efficient in its operations, exploiting network development possibilities, having robust security measures, and being more reliable.
Validator & Delegator's
Benefits and
Differences
Differences
The Bitkub Chain's Proof of Stake consensus system offers benefits and remarks for those who participate as the Validators and the Delegators. The specifics are outlined below.
TYPE OF
VALIDATORS ON BITKUB CHAINVALIDATORS ON BITKUB CHAIN
Bitkub Chain’s consensus mechanism has been designed to have types of Validator for flexibility to support difference and readiness of the participants in validation of transaction with differences of knowledge in technology, resources and capital. Any interested person can participate as a part of validation of transaction on Bitkub Chain by 3 different types as follows:
Detail | Official Node | Pool Node | Solo Node |
|---|---|---|---|
| Validator's Initial KUB amount | 1 KUB | Initially at 100,000 KUB | Initially at 10 KUB |
| Delegator's Minimum KUB Staking Amount | 1 KUB | 100 KUB | - |
| Infrastructure | On-Premises | On-Cloud or On-Premises | On-Cloud or On-Premises |
| Reward Percentage | According to the amount of KUB staked, with the stake fee deducted | According to the amount of KUB staked, with the stake fee deducted | According to the amount of KUB staked |
| Staking Fee | 5 % approximation | Defined by Pool Node | - |