Powering Networks With Trusted Nodes //

Node.Monster takes a percentage of delegation commission fees and give back to the community of the specific network.

To apply for a Quick Grant, click the “Quick Grants” link on the network you plan on building on.

The available amount for grants on each network is locked in a transparent address viewable by the network’s explorer, you can find the address in the application form.

We carefully choose the networks we want to work with as a long term player.

We participate in testnets of networks that have yet to launch their mainnet as well.

If you are developing a new network or wish to be a delegator/validator of a network which is still in its testnet phase please contact us for more details.

Proof of Stake (PoS) is a consensus algorithm used in blockchain networks to validate transactions and maintain the integrity of the network. In PoS, validators are chosen to create new blocks based on the amount of cryptocurrency they hold and “stake” in the network.

Instead of miners using computational power to validate transactions, validators in PoS are chosen based on their stake in the network. This means that the more cryptocurrency a validator holds and stakes, the more likely they are to be chosen to create new blocks and validate transactions.

Validators are incentivized to act honestly, as they can lose their stake if they are found to be acting maliciously or dishonestly. This creates a self-regulating system that is more energy-efficient than the Proof of Work (PoW) algorithm used in Bitcoin and other cryptocurrencies, as it requires less computational power to validate transactions.

PoS is also seen as a way to address some of the scalability issues faced by PoW, as it allows for faster transaction processing times and lower transaction fees.

Delegation is a way for users who hold a stake in the network but do not want to participate in the validation process themselves to still have a say in the network’s operations. By delegating their stake to a validator, they are effectively lending their stake to that validator to use in the validation process. The validator is then incentivized to act honestly and efficiently, as they can earn rewards for validating transactions and creating new blocks.

Delegation is typically done through a delegation contract, which is a smart contract that allows a user to assign their stake to a validator. The delegation contract ensures that the delegated stake is still owned by the user, and the validator cannot use it for any other purpose.

Delegation is seen as a way to increase decentralization in PoS networks, as it allows for a broader range of users to participate in the validation process and have a say in the network’s operations.

A validator is a participant in a blockchain network that is responsible for validating transactions and creating new blocks on the network. Validators are essential to the operation of Proof of Stake (PoS) blockchain networks, as they are responsible for maintaining the integrity of the network and preventing malicious actors from taking control.

In a PoS network, validators are selected to create new blocks and validate transactions based on the amount of cryptocurrency they hold and “stake” in the network. Validators are typically chosen randomly by the network algorithm, with the probability of being chosen increasing with the amount of cryptocurrency they hold and stake.

Validators are incentivized to act honestly and efficiently, as they can earn rewards for validating transactions and creating new blocks. However, they can also be penalized or lose their stake if they are found to be acting maliciously or dishonestly. Validators must follow the rules of the network and work together to maintain consensus and prevent the possibility of double-spending or other attacks on the network.

Validators may also offer additional services to the network, such as running nodes or participating in governance decisions. Overall, validators are essential to the operation of PoS blockchain networks, and their role is critical in maintaining the integrity and security of the network.

Slashing is a penalty mechanism used in some blockchain networks, including those that use the Proof of Stake (PoS) consensus algorithm. The slashing mechanism is designed to deter validators from acting maliciously or dishonestly and to encourage them to act in the best interest of the network.

In a PoS network, validators are required to hold a certain amount of cryptocurrency as a stake in the network. If a validator is found to be acting maliciously or dishonestly, they may be subject to a slashing penalty, which can result in a loss of their stake.

The exact rules for slashing vary depending on the network, but in general, validators may be subject to slashing penalties if they engage in behaviors such as:

Signing conflicting blocks on the network, Attempting to manipulate the consensus algorithm, Failing to validate transactions or create blocks as required, Failing to follow network rules and governance decisions

When a validator is found to have engaged in one of these behaviors, they may be subject to a slashing penalty, which can result in a partial or complete loss of their stake. The penalty is typically enforced automatically by the network algorithm, and the lost stake is redistributed to other validators on the network.

Slashing is seen as a way to ensure that validators act in the best interest of the network and to prevent malicious actors from gaining control. By imposing penalties for dishonest or harmful behavior, slashing helps to maintain the integrity and security of the network.