Validator Setup

Staking and Validator Setup

The XSPACE Protocol uses Delegated Proof-of-Stake 2.0 (DPoS 2.0) to secure the network and achieve high scalability. Validators play a crucial role in maintaining the blockchain, while delegators contribute to network security by staking GLXYC tokens. This guide explains how to set up a validator node and delegate GLXYC tokens.

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Setting Up a Validator Node

Requirements

To become a validator, ensure your system meets the following requirements:

Hardware Requirements

• Processor: Quad-Core 2.0 GHz or higher.

• Memory: 16 GB RAM or more.

• Storage: SSD with at least 500 GB of free space.

• Network: Reliable internet connection with a minimum upload/download speed of 100 Mbps.

Software Requirements

• Operating System: Linux (Ubuntu 20.04 recommended), macOS, or Windows.

• Docker: Required for running the validator node in a containerized environment.

• XSPACE Validator Software: Available for download from the XSPACE repository.

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Step 1: Install Docker

Install Docker to run the validator node in a containerized setup.

1. Install Docker on Linux (Ubuntu):

   sudo apt update
   sudo apt install -y docker.io
   sudo systemctl start docker
   sudo systemctl enable docker

2. Verify Docker Installation:

   docker --version

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Step 2: Download the Validator Node Software

Download the XSPACE Validator software from the official repository:

• Repository: https://xspaceprotocol.io/validator

Clone the Validator Node Repository:

git clone https://github.com/xspaceprotocol/validator-node.git
cd validator-node

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Step 3: Configure the Node

1. Generate a Validator Key Pair: Use the provided key generator script to create your validator keys.

   ./generate-keys.sh

   • Save the output private key and public key securely.

2. Update the Configuration File: Edit the config.yaml file to include your validator details:

   validator:
       public_key: "YOUR_PUBLIC_KEY"
       staking_address: "YOUR_WALLET_ADDRESS"
       network: "testnet" # Use "mainnet" for production

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Step 4: Start the Validator Node

1. Build the Docker Image:

   docker build -t xspace-validator .

2. Run the Validator Node:

   docker run -d --name xspace-validator -p 30303:30303 -p 8545:8545 xspace-validator

3. Monitor Logs: Verify that the node is running correctly:

   docker logs xspace-validator -f

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Step 5: Stake GLXYC to Activate Validator

Validators must stake a minimum of 10,000 GLXYC to participate in block production.

1. Stake Tokens: Use the XSPACE CLI or wallet to stake GLXYC tokens:

   xspace-cli stake --amount 10000 --from "YOUR_WALLET_ADDRESS"

2. Confirm Validator Status: Verify that your validator is active:

   xspace-cli validator status --address "YOUR_WALLET_ADDRESS"

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Delegating GLXYC Tokens

Delegators participate in network security by delegating their GLXYC tokens to validators. In return, they earn a share of the staking rewards.

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Step 1: Choose a Validator

Delegators must choose a validator to delegate their tokens. Use the XSPACE Explorer to find a list of active validators: https://explorer.xspaceprotocol.io

Key metrics to consider:

• Uptime: Percentage of time the validator has been active.

• Commission Rate: Fee charged by the validator on staking rewards.

• Staked Amount: Total GLXYC staked with the validator.

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Step 2: Delegate Tokens

Use the XSPACE CLI or wallet to delegate tokens to a chosen validator.

Delegation via CLI:

1. Delegate tokens:

   xspace-cli delegate --validator "VALIDATOR_ADDRESS" --amount 500 --from "YOUR_WALLET_ADDRESS"

2. Confirm delegation:

   xspace-cli delegation status --address "YOUR_WALLET_ADDRESS"

Delegation via Wallet:

1. Open your wallet (e.g., Metamask) and connect to the XSPACE network.

2. Navigate to the Staking Dashboard: https://staking.xspaceprotocol.io
3. Select a validator and specify the amount of GLXYC to delegate.

4. Confirm the transaction and monitor your rewards.

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Earning Staking Rewards

Reward Distribution

• Validators: Earn rewards based on the total GLXYC they have staked and their uptime.

• Delegators: Receive rewards proportional to their staked amount after the validator’s commission fee is deducted.

Claiming Rewards

Staking rewards can be claimed periodically using the XSPACE CLI or wallet.

Claim Rewards via CLI:

xspace-cli rewards claim --from "YOUR_WALLET_ADDRESS"

Claim Rewards via Wallet:

1. Log in to your wallet.

2. Go to the Staking Dashboard and click Claim Rewards.

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Monitoring and Managing Stakes

Monitoring Validator Performance

Validators and delegators can monitor performance metrics using the XSPACE Explorer:

• Uptime

• Commission rate

• Total staked amount

Unstaking Tokens

To withdraw staked tokens, an unstaking period of 7 days applies.

Unstake via CLI:

xspace-cli unstake --amount 500 --from "YOUR_WALLET_ADDRESS"

Unstake via Wallet:

1. Go to the Staking Dashboard.

2. Select Unstake and specify the amount.

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Validator Responsibilities

Validators must maintain high uptime and performance to avoid slashing penalties:

• Uptime Requirement: Maintain uptime above 95%.

• Penalties: Downtime or malicious behavior may result in slashing of staked GLXYC.

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This comprehensive guide ensures you can confidently set up and manage validator nodes or delegate tokens within the XSPACE ecosystem, contributing to network security and earning rewards.