💻Nodes from Azimuth Finance

Azimuth Finance Full Nodes

All Full Nodes make a dynamic validator set where nodes can be added or removed by a voting mechanism where majority (51%) of validator nodes vote to add/remove certain validators, this helps to remove malicious validators while new trusted validators can be added.

Lite Nodes are responsible to elect a set of Full Nodes to participate in each epoch and those elected set of validators take turns in proposing new blocks. The validated block requires a majority of (⅔) must approve the said block. Apart from the elected validator set, there are non-validators who do not participate in block creation but do participate in the block validation process.

Earning Process

Set of Full Nodes elected by Lite Nodes produce the next block and earn a transaction fee of the validated block. The transaction fee is equally distributed among all the validators in that set. The non-validator set will not get any cut from transaction fee, however they can be elected in the next set to produce a block which occurs every 15 mins.

Number of Nodes

200

Azimuth Finance Lite Nodes

The purpose of Lite Nodes is to elect Full Nodes as Validators for the Azimuth Finance chain to produce the block. Lite Nodes functioning as electors during an epoch earn a fee which is a portion of the Azimuth Finance block rewards proportional to their reputation (i.e. higher reputation Lite Nodes receive a higher portion of the fee). Reputation is based on the availability of nodes to participate in election and signing epochs for heart beat checks. Offline nodes are warned which affect reputation score which leads to that particular node losing access to participate in the process.

Earning Process

Lite Nodes are rewarded with a portion of trading fee for each block produced determined at the time of launch.

Available Nodes

500 Lite Nodes

Attention! If your node is offline, then it will not participate in validation and therefore, its reputation will decrease.