Validator Requirements

Since FNCY is a public chain, anyone can download FNCY blockchain's pre-built node binary and manage it directly, but this feature will be provided through a document update in the future. If you are interested in participating in validator, please contact [email protected] and we will provide a guide after internal review.

Prerequisites of Becoming a Validator

Validators participating in FNCY consensus algorithm form a consortium, and the addition and deletion of privileges are decided by votes of existing members. To become a validator candidate, you must meet the following prerequisites:

  • Complete KYB (Know Your Business) and KYC (Know Your Customer).

  • $FNCY must be deposited in the System Contract and all validators must self-stake a minimum of 5,000,000 FNCY.

  • Validator candidates are finally elected through governance voting.

Mainnet Validator Hardware Requirements

Mainnet m5zn.3xlarge instance type on AWS, or c2-standard-16 on Google cloud 2T GB of free disk space

Testnet

500 GB of free disk space, accessible at a minimum read/write speed of 100 MB/s. 4 cores of CPU and 8 gigabytes of memory (RAM).

Each validator needs to deploy one sentry node

Deploy Process

  1. Create and setup the VPC

  2. Setup the network and firewall

  3. Setup the monitoring and alerting policy and connect with our alarming system

  4. Setup the logging and debug settings

  5. Setup and implement security policies

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