jwharbal
10 months ago  Karma: 5
Plasmachain validator

so I have knowledge of running on-premise linux servers and run a mini datacenter with 1Gb down 250mb up fiber. I'd like to know more about running a Plasmachain Validator. Specifically what kind of monetary rewards can be gained by hosting a validator considering the requirement that one must stake over 130k USD worth of loom for minimum of 6 months.

en
plasmachain
Validator
jwharbal
10 months ago  Karma: 5
Plasmachain validator

so I have knowledge of running on-premise linux servers and run a mini datacenter with 1Gb down 250mb up fiber. I'd like to know more about running a Plasmachain Validator. Specifically what kind of monetary rewards can be gained by hosting a validator considering the requirement that one must stake over 130k USD worth of loom for minimum of 6 months.

en
plasmachain
Validator

ONE ANSWER
andrei.popescu
10 months ago Karma: 429

Validators will earn dividends from two primary sources:
- LOOM fees that are paid by third-party developers for hosting and running their DApps on PlasmaChain
- Commission fees paid by users on Marketplace transactions, with up to 50% of those fees being paid out to the validator nodes
Have a look here: https://medium.com/loom-network/plasmachain-validator-requirements-915a5f57fc79

Also, it’s important to note that this is an early alpha phase and we're still defining the exact model. Early alpha is only going to be for a small number of validators. Once the chain is stable, we will open up the number of validators and the number of tokens will go down significantly. Furthermore, users of the chain can vote on who becomes a validator, so it will be more inclusive going forward

All DPoS networks like Eos, Cosmos, and Loom have the same limitations, on the sheer number of validators, due to technical constraints.

Delegators will be coming online soon, where you can proxy your tokens to other validators and share rewards with them. Delegators are people that are not able to run full nodes, cause either the technical expertise or the number tokens they hold. The network can only have a limited number of Validator nodes and still stay performant. Delegators are an important part of DPoS networks.

So short answer is you will be able to join in soon, once full delegation is enabled.

To get the latest updates, you can register with this form:
Loom PlasmaChain Validator

__
Andrei Popescu
Community Manager

Validators will earn dividends from two primary sources:
- LOOM fees that are paid by third-party developers for hosting and running their DApps on PlasmaChain
- Commission fees paid by users on Marketplace transactions, with up to 50% of those fees being paid out to the validator nodes
Have a look here: https://medium.com/loom-network/plasmachain-validator-requirements-915a5f57fc79

Also, it’s important to note that this is an early alpha phase and we're still defining the exact model. Early alpha is only going to be for a small number of validators. Once the chain is stable, we will open up the number of validators and the number of tokens will go down significantly. Furthermore, users of the chain can vote on who becomes a validator, so it will be more inclusive going forward

All DPoS networks like Eos, Cosmos, and Loom have the same limitations, on the sheer number of validators, due to technical constraints.

Delegators will be coming online soon, where you can proxy your tokens to other validators and share rewards with them. Delegators are people that are not able to run full nodes, cause either the technical expertise or the number tokens they hold. The network can only have a limited number of Validator nodes and still stay performant. Delegators are an important part of DPoS networks.

So short answer is you will be able to join in soon, once full delegation is enabled.

To get the latest updates, you can register with this form:
Loom PlasmaChain Validator

__
Andrei Popescu
Community Manager

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