Seed Validator

Blockchain for E-commerce

Overview

OVERVIEW

As part of the mainnet launch protocol, the CyberMiles Foundation will bootstrap the blockchain with 19 Seed Validators. Each Seed Validator has a small amount of self staked CMTs with a compensation rate set at 90% by default to discourage token holders from staking these Seed Validators. Once a Genesis Validator candidate comes online, it will replace one of the Seed Validators and become a CyberMiles Validator.

After all 19 Genesis Validators take over, CyberMiles mainnet is co-governed by the entire community. The elected Validators will take up the responsibilities of producing the blocks, verifying transactions and governing the mainnet.

Overview

OVERVIEW

As part of the mainnet launch protocol, the CyberMiles Foundation will bootstrap the blockchain with 19 Seed Validators. Each Seed Validator has a small amount of self staked CMTs with a compensation rate set at 90% by default to discourage token holders from staking these Seed Validators. Once a Genesis Validator candidate comes online, it will replace one of the Seed Validators and become a CyberMiles Validator.

After all 19 Genesis Validators take over, CyberMiles mainnet is co-governed by the entire community. The elected Validators will take up the responsibilities of producing the blocks, verifying transactions and governing the mainnet.