View current active Or validators! Orlando is ased on Tendermint, which relies on a set of validators that are responsible for committing new blocks in the blockchain. These validators participate in the consensus protocol by broadcasting votes which contain cryptographic signatures signed by each validator's private key.
Validator candidates can bond their own staking tokens and have the tokens "delegated", or staked, to them by token holders. ORL is Orlando's native token. At its onset, Orlando will launch with 100 validators. The validators are determined by who has the most stake delegated to them - the top 100 validator candidates with the most stake will become Orlando validators.
Validators and their delegators will earn Orlando as block provisions and tokens as transaction fees through execution of the Tendermint consensus protocol. Initially, transaction fees will be paid in Orlando, but in the future, any token in the Cosmos ecosystem will be valid as fee tender if it is whitelisted by governance. Note that validators can set commission on the fees their delegators receive as additional incentive.
If validators double sign, are frequently offline or do not participate in governance, their staked Orlando (including Orlando of users that delegated to them) can be slashed. The penalty depends on the severity of the violation.
We recommend that if you are setting up a validator on Orlando that you do so with a self-delegation or delegation of 1,000,000 recommended. This ensures that you as a validator have sufficient fair voting power amongst the network of other validators and to ensure your validator is producing blocks actively and participating in full consensus of ORL
SET UP VALIDATOR UPDATE S