Validator Network
The decentralized backbone of BridgeNet's secure cross-chain bridge
What are Validators?
Validators are the backbone of BridgeNet's security infrastructure. They are responsible for verifying cross-chain transactions, ensuring that tokens are properly locked on the source chain before being minted or released on the destination chain.
Our validator network is decentralized, with nodes operated by a diverse set of trusted entities across different geographical locations. This decentralization ensures that the bridge remains secure and operational even if some validators are compromised or go offline.
Validator Responsibilities
- Transaction Verification
Monitoring blockchain events and verifying the validity of bridge transactions.
- Signature Provision
Providing cryptographic signatures to approve valid transactions.
- Network Maintenance
Ensuring the validator node is operational and up-to-date with the latest software.
- Security Monitoring
Monitoring for suspicious activities and reporting potential security threats.
Validator Selection Process
How validators are selected and incentivized to maintain network security
Staking Requirements
Validators are required to stake a significant amount of BridgeNet tokens as collateral. This ensures that validators have a financial incentive to act honestly and can be penalized for malicious behavior.
Technical Requirements
Validators must meet minimum hardware and connectivity requirements to ensure reliable operation. This includes high-availability servers, secure key management, and redundant network connections.
Geographical Distribution
We select validators from different geographical regions to ensure network resilience and decentralization. This prevents regional outages from affecting the entire validator network.
Validator Economics
Validators earn rewards for their services, creating a sustainable economic model that incentivizes network participation and honest behavior. The reward structure is designed to ensure the long-term viability of the validator network.
Transaction Fees
A portion of the bridge transaction fees is distributed to validators as compensation for their services. The fee distribution is proportional to each validator's stake and performance.
Staking Rewards
Validators earn staking rewards for locking their tokens in the network. These rewards come from token inflation and are designed to compensate validators for the opportunity cost of their stake.
Slashing Penalties
Validators who act maliciously or fail to perform their duties can have a portion of their stake slashed. This creates a strong economic disincentive for dishonest behavior.
Become a Validator
Interested in becoming a BridgeNet validator? We're always looking for reliable partners to join our validator network and help secure cross-chain transactions.