Delegation through Staking with Validators

As discussed on the previous page, Media Block Network Coin validators can boost their share of the overall consensus stake by attracting funds from other users who do not run validator nodes themselves.

Those users are referred to as 'delegators.' A delegator is free to choose any validator (or validators) and stake any amount of Media Block Network with them to participate. The most convenient way to delegate Media Block Network to a validator is via the Media Block Network Coin Staking platform.

A delegator receives the share of Media Block Network Coin block rewards proportionate to their stake minus the fee paid to their chosen validator. The minimum fee is currently set at 15%. This value was chosen to mitigate the risk of validator consolidation through offering very low delegation fees.

Currently, delegators are allowed to unstake their Media Block Network at any time but plans are in motion to introduce a minimum staking period.