Validators on the Cypher Chain play a pivotal role in verifying all user transactions within the network. Through a consensus mechanism, validators collectively determine the validity of transactions, ensuring only legitimate transactions are included in the blockchain, while invalid ones are rejected.
In return for their contribution, validators are rewarded with tokens. Users include a small surplus amount of Cypher tokens in their transactions, representing a reward for validators' work. This reward is distributed proportionally to the stake of validators elected in the given validation cycle.
To qualify for rewards, validators must meet certain criteria that will be revealed closer to the launch of Cypher.
Becoming a validator on the Cypher Chain requires access to high-performance hardware and a highly available network, as well as a minimum yet-to-be-defined stake of Cypher tokens.
Validators stake their tokens for a fixed specific term, with the stake refunded with interest after the completion of a validation round.
For aspiring validators, the upcoming Cypher Validator Tool offers a convenient open-source solution for managing validator nodes.
Cypher's approach to managing and assigning rewards to AI models based on their usage fosters fairness and transparency within the ecosystem. This commitment to equitable distribution aligns with the ethos of decentralization, empowering stakeholders to contribute to and benefit from the network's growth and success.
Becoming a Validator on the Cypher Chain represents a unique opportunity to shape the future of decentralized artificial intelligence. With its commitment to fairness, transparency, and innovation, Cypher is poised to redefine the boundaries of what's possible in the realm of DeAI. Join us as we embark on this journey of exploration and transformation, ushering in a new era of decentralized intelligence.