Validators
Deploy your node on the Fetch.ai chain and help secure the network whilst earning FET.
The Network
The Fetch.ai network is an interchain protocol, based on the Cosmos-SDK, and uses a high-performance WASM-based smart contract language (Cosmwasm) to allow advanced cryptography and machine learning logic to be implemented on-chain.
This also allows the Fetch network to serve as a layer-2 network for Ethereum and as an interchain bridge to the rest of the blockchain world.
Validator Roles
Validators will produce blocks on the Fetch Network mainnet, in exchange for rewards, but also experience a number of other benefits.
Greater say in the future direction of the protocol through their role in governance.
Reputation as a valued member of the community.
Faster submission of transactions and direct access to the network operation.
Validator Revenue
Similarly to most other Proof-of-Stake blockchains, the Fetch.ai AI ledger provides revenue to validators in the form of block rewards and transaction fees. Smaller holders of FET are able to delegate their stake to validators in exchange for a share of the rewards, as determined by the validator.
Block Rewards (FET)
Rewards are provided for every block that is produced by a validator. The inflation rate is set at an annual rate of 3% during the first three years of the network's operation.
Transaction Fees
All transactions that are submitted to the chain are charged a transaction fee in FET.
Joining as a Validator with Fetch.ai
The hardware resources for running a validator node largely depend on the network load. As a recommended configuration we suggest the following requirements.
Uptime is incredibly important for being a validator. It is expected that validators will have appropriate redundancies for computing, power, connectivity etc.
While the blockchain itself is highly replicated it is also expected that validators will perform local storage backups in order to minimize validator down time.
8 GB
RAM
500 GB
SSD
400 MB/S
INTERNET
Linux OS
(Ubuntu 22.04 or higher)
MacOS
4x CPU
Intel or AMD
with SSE4.1, SSE4.2 and AVX flags (use lscpu to verify)
Technical Information
Where is the Source Code?
The source code for the Fetch.ai ledger can be found on Github, which also contains installation instructions. These involve installing Golang and a C++ compiler that is used to build several specialized cryptographic libraries.
Becoming a Validator
Validator candidates can bond their own FET and have FET delegated, or staked to them by other FET holders. Validators can contribute to the governance of Fetch.ai. Validators are relied upon to keep the Fetch.ai network running. It is an important role and should be taken as such. If validators double sign or have prolonged downtime, their staked FET (including FET of users that delegated to them) could be slashed.
After Setting up a Node
Step 01
Create a dedicated Validator website, Telegram and Twitter account
This is important since delegators will want to have information about the entity to which they are delegating their FET.
Step 02
Join Discord
Join Fetch.ai's Discord Server and introduce yourself for access to the Validators channel.
Step 03
Add your Node
If you wish to be considered for the next round of Delegations please fill out this form.