Untitled
  • Overview
    • Laika: Supercharging Dogecoin with Layer 2 Technology
    • Dogecoin's Limitations and How Laika Addresses Them
  • Architecture
    • Hybrid Layer 2 Network
    • Laika Validators: Guardians of a Secure and Efficient Network
    • Laika's Sequencers: Orchestrating Efficiency on a Hybrid Network
    • Laika's Ecosystem: Beyond Validators and Sequencers
    • Laika's Smart Contracts: Unleashing Innovation with Smart Contracts and EVM Compatibility
    • Laika's Bridge: Connecting Chains and Enabling Seamless Transactions
  • Technical Specifications
    • Inter-Layer Communication
    • Addressing Data Integrity Challenges on Dogecoin
    • Consensus and Network Security
    • Validator selection and staking
    • Transaction Fees and Validator Rewards
    • Laika Bridge: Inter-Layer Asset Transfer and Communication Protocol
    • Laika Account Abstraction: Seamless L1 Wallet Integration for L2 Interaction
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  1. Technical Specifications

Validator selection and staking

The Laika network utilizes a Proof-of-Stake (PoS) consensus mechanism to secure the network and validate transactions. Here's an overview of the validator selection and staking process with the updated details:

Staking:

  • Users can participate in securing the network by staking Laika tokens.

  • Staking involves locking up a certain amount of Laika tokens for a minimum period of 1 month. This helps ensure validators are committed to the network's long-term health.

  • The longer the staking period beyond the minimum, the greater the potential rewards (optional).

  • Staked tokens contribute to a validator's voting power.

Validator Selection:

  1. Stake Aggregation: The total amount of Laika tokens staked for each validator is calculated.

  2. Weighted Random Selection: Based on the total staked amount, validators are assigned weights. A validator with a higher stake has a higher chance of being selected.

  3. Dynamic Validator Pool: Between 4 and 6 validators are chosen to produce blocks for a specific period (e.g., epoch). This number can be adjusted through on-chain governance proposals based on network security needs and efficiency.

Delegated Staking:

  • Users who don't want to run their own validator node can delegate their Laika tokens to existing validators.

  • Delegators earn rewards proportionate to their stake on the validator they choose.

  • Validators with a larger stake pool (including delegated tokens) have a higher chance of being selected.

Benefits of Staking:

  • Network Security: Staking incentivizes validators to act honestly and uphold the network's integrity.

  • Transaction Validation: Validators are responsible for validating transactions and adding new blocks to the Laika blockchain.

  • Rewards: Validators and delegators earn Laika token rewards for their contribution to network security.

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Last updated 10 months ago