MTT Network
  • Welcome to MTT Network
  • Introduction
    • A. Overview
    • B. Architecture
      • 1). Tendermint Core
      • 2). Cosmos SDK Modules
      • 3). Cross-chain Interoperability
      • 4). Introduction of Ethermint Module
    • C. Validator Nodes
      • 1). Roles and Responsibilities of Validators
      • 2). Validator Election
      • 3). Validator Incentive Mechanism
      • 4). Punishment Mechanism (Slashing)
      • 5). Validator Governance Participation
      • 6). Requirements for Becoming a Validator
      • 7). Rewards Plan
    • D. Cross-Chain Communication and Asset Interoperability
      • 1). IBC (Inter-Blockchain Communication Protocol)
      • 2). Cross-Chain Asset Transfer Process
      • 3). Cross-Chain Asset Management and Applications
      • 4). Security and Challenges
    • E. Security Solutions for Partially Centralized Deployments
      • 1). Security Solutions and Strategies
      • 2). Strengthening Security for Centralized Servers
      • 3). Introducing Multi-Party Trust and Audit Mechanisms
  • MTT Token Allocation Map
    • Token Release Schedule
    • Token Unlock Schedule
  • Developer Program
  • Decentralized Autonomous Organization
    • A. DAO Organizational Operations
    • B. DAO Governance Credentials
  • Glossary
  • References
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  1. Introduction
  2. C. Validator Nodes

2). Validator Election

In MTT Network, the number of validator nodes is limited. The network selects a certain number of validator nodes through an election mechanism. The election process consists of the following steps:

  • Staking: Node operators need to stake a certain amount of MTT tokens to become candidate validators. The more MTT tokens staked, the higher the probability of being selected as a validator.

  • Delegation Voting: In addition to the node operator's own stake, MTT token holders (called delegators) can also delegate their tokens to candidate validators, increasing the candidate's election weight. Delegators will receive rewards based on the performance of the validator node they delegated to.

  • Ranking and Election: All candidate validators are ranked based on the total amount of MTT tokens staked (including self-staked and delegated). The top-ranked validators will be selected as official network validators, responsible for block generation and transaction validation.

  • Regular Updates: Validator node elections are not permanent. MTT Network regularly updates the validator list to ensure network decentralization and fairness. If a validator's total stake falls below a certain level, they may be replaced.

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Last updated 5 months ago