Validator Program Overview

Validators on WeChain have 2 functions

  • Committing new blocks to a blockchain ensuring decentralization

  • Being the cornerstone for the apps

Decentralization

  • Verify Transactions: Validators check that transactions are legitimate before adding them to the blockchain, ensuring no double-spending occurs.

  • Propose New Blocks: They take turns proposing new blocks to add to the chain, helping to grow the blockchain.

  • Vote on Blocks: Validators participate in a voting process to agree on which blocks should be added to the chain, maintaining network consensus.

  • Secure the Network: By staking WeFI tokens, validators commit their own resources to secure the network. If they misbehave or fail to do their job, they can lose some of their staked tokens (this is called slashing).

  • Manage Delegators: Validators often represent other WeFI holders who have delegated their tokens to them. They share the rewards earned from validating and keep their delegators informed.

  • Distribute Rewards: Validators earn rewards for their work and distribute these to their delegators as well.

  • Run Nodes: Validators run full nodes, which means they keep a complete and up-to-date copy of the blockchain. While ITO node holders can affiliate with different validators to boost their value

Being a DApp home

  • In order to run an app you need to have a substantial stack in validator or run a validator yourself

  • Validator can run several apps depending on how much WeFi they locked

  • This enables controlled behavior over dApps making use of slashing for Apps that produce malignant transactions or abuse users enabling demage controls and eliminating the risk of rugpulls.

Technical documentation (TBD)

Code examples (TBD)

Support center (TBD)

Last updated