🗣 Why You Should Become a Validator on DMD Diamond Blockchain? 💥💥

Becoming a validator on the DMD diamond blockchain is made easier by its cooperative consensus algorithm – HBBFT. This unique algorithm enables the blockchain to share rewards to validators in a democratized, decentralized and inclusive manner – all thanks to its random validator selection mechanics. 

DMD diamond blockchain uses validators for block creations and validating transactions on the ecosystem. For every epoch, each actively elected validator receives an epoch reward. These rewards are in turn shared between validators and deligators who stake on top of them. 

Epoch rewards are shared proportionally based on the numbers of coins a validator staked. However, a validator can get an upfront of 20% of the total block rewards, while the remaining 80% is proportionally shared between him and stakers ontop of him, based on the individual coins staked. Validator candidates can choose to re-stake the coins they earn as rewards. 

However, it should be noted that rewards will be automated after the next code upgrade (DMDv4) and can be restaked when you get them. Another advantage for validator candidates is that they have a vote in dao decisions, hence, a good reason to run one. With that, you can significantly contribute to driving the growth of the DMD diamond ecosystem. 

Validators who misbehave on the ecosystem earn no reward. Their coins would be locked. Such a validator would also be restricted to be part of the active set for a few Epochs. 

To become a validator candidates on the DMD diamond blockchain, it is essential you take the following conditions into consideration: 

• A full-node client installation, with correct configuration of DMDv4 node software on a Linux server is required. 
• A static IP address is needed, with reliable and secure 24/7 uptime access to the Internet. 
• To be a validator candidate, you must have the ability to stake a minimum collateral of 10, 000 DMD. The maximum is 50, 000 DMD. 
• A validator candidate needs to register and collaterally lock their DMD through POSDAO UI staking dApp. 

Therefore, any full node with the above conditions can become a validator candidate on the DMD diamond blockchain ecosystem helping with block creations, transaction validations, dao decisions and in the end securing the blockchain. Furthermore, any DMD diamond coin holder with atleast 100 DMD can act as delegators by staking their coins on top of a trusted validator candidate and share rewards in the ration as explained earlier. 

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