What is a Telos Block Producer Node
In the Telos network, special nodes called "Telos validator nodes" perform block production and validation validation. Validator nodes are elected by Telos stakeholders via DPoS Consensus Algorithm. Each validator node runs an instance of a Telos node using the nodeos
service. For this reason, validators that are on the active schedule to produce blocks are also called "active" or "producing" validator nodes.
Follow this link to a full list of Telos on-chain Governance documents. To view our minimum requirements for becoming a block producer, see our Node System Requirements.
Before getting started as a block producer, you need to know a few things:
- A block producer needs to know its role & fulfill the requirements.
- Having more block producers is healthier and better for the Telos ecosystem, especially block producers who are committed to transparency and being in a state of giving continuous contributions.
- Block producers are a core component of the Telos network built on the Antelope protocol.
- Below is the guide to getting a node up and running as a block producer on Telos.
What is the role of a Telos block producer
- Block producer nodes are decentralized entities that govern the Telos blockchain. block producer will produce the blocks of the Telos blockchain.
- Telos block producers play a key role in the operation of the network.
- They provide stability, reliability, security, and extensive infrastructure coverage for the Telos network.
- Contribute to Telos development toolkits, so as to get noticed by the voters & stay in the BP list eligible for incentives (in TLOS tokens).
- Telos block producers verify transactions on the Telos network by collecting transaction data and storing that information in blocks.
- Once a block is prepared, validators broadcast the block to the network for verification.
- Block producers will earn block rewards in the form of TLOS tokens produced by token inflation.
- Block producers are responsible for Telos infrastructure growth, community support and education, and financial support for the development of Telos DApps.
- Block producers need to participate in on-chain governance. For more, refer to this.
- Block producers can have a look at the Telos Node System Requirements.
The next section will discuss the different types of nodes on the Telos network.