Validator Nodes
Learn About Pecu Novus Validator Nodes
A Pecu Validator Node is a very specific type of full node that has the sole purpose of verifying and processing every transaction on the Pecu Novus Network while only storing a pruned version of the blockchains history. This holds true for coin or token transactions of all types as well as NFT and other digital asset transactions on the network. Storing a pruned version of the full node reduces space requirements dramatically without impacting the role of a Validator.
The validators play a very key role in the continued decentralization of the Pecu Novus Network, the continued scalability, security and speed of the network as a whole. Security and inclusion are a big part of the network and there are encryption protocols in place that protect the network, network members, validators and applications built on the backbone of Pecu Novus.
The Inclusion part is an important one as Pecu Novus does not use a Proof of Work or Proof of Stake model with the validator nodes, the network uses a Proof of Time concept. The reason for this is that it allows anyone in the world to become a validator despite their economic level, as long as they have a basic computer with an internet connection then they have the opportunity to participate. Rewards are issued solely based on the efforts of the Node Validator and not based on the efforts of outside sources such as a Proof of Stake model may rely on. In essence it takes all the positives of a Proof of Work model without the energy consumption while promoting inclusion.
| What Coding Knowledge Do Validators Need?
That is a simple answer, NONE.
The Pecu Validator Client works autonomously, so there is actually no human involvement in the process other than activating the node. The Validator simply downloads the client and installs it on their computer, once it is activated then the time it is active will be registered and transactions will flow through their node. Rewards issued are solely based on their efforts, which entails hosting a validator node and keeping it live to improve the security and integrity of the network.
It was very important to have a validator system that allowed anyone to participate and build. The Proof of Time concept has allowed this to occur and such as with the Proof of Work concept, the rewards are based on the efforts of the node validator.
| How Can I Become a Validator?
That is a simple answer as well.
∞ First, you need to have a Pecu Wallet, you need this in order for the Validator Node to work. You can click the button below to do this. Then use your computer to access your Pecu Wallet and then click on the Pecu Terminal button and it will open in a new tab. Make sure to toggle your Terminal access on top of your wallet page.
∞ Once in the Pecu Terminal click the Validator button and it will bring you to a download page. Simply download and install the Validator Node Client to your desktop or laptop computer. Most computers with a high speed internet connection should suffice. In the near future we will have light nodes that will be introduced for lower internet speeds.
∞ Finally just launch the Validator Node Client, log in and the system will do the rest.
| Validator Rewards Model
The Pecu Novus Blockchain Network employs a randomized validator reward system to ensure fair and equitable compensation for those contributing to the security, decentralization, and efficiency of the network.
This mechanism prevents centralization of rewards while reinforcing the integrity and resilience of the ecosystem.
Randomized Validator Rewards
∞ Validators receive randomized rewards ranging from 0.25 to 1.5 PECU per 24-hour period.
∞ The randomization process ensures fair and equitable distribution of rewards among validators, regardless of their stake size.
∞ Each validator receives rewards based on the total time their node is active, incentivizing consistent network participation.
One Validator Node per Wallet Policy
∞ Each validator node is attached to a Pecu Wallet.
∞ Only one active validator node per Pecu Wallet is allowed at any given time.
∞ Time accumulates across instances, ensuring fair tracking of uptime and eliminating potential abuse.
∞ This policy protects against bad actors and prevents the manipulation of rewards.
Daily and Annual Reward Cap
∞ The system is structured to reward a maximum of ~55,000 PECU per day to all validators.
∞ This results in an annual cap of 20 million PECU issued as validator rewards.
∞ Validators play a crucial role in maintaining the security, speed, and decentralization of the network.
∞ As validators earn rewards, it adds to both the total circulating supply and the total supply of PECU.
Halving Schedule and Long-Term Sustainability
∞ Deflationary Measure: To ensure long-term sustainability, validator rewards undergo a 50% reduction every decade.
∞ First Halving in 2027: Following the initial network launch in 2017, the first reward reduction will occur in 2027.
∞ This gradual decrease in validator rewards mirrors the structured, sustainable growth model of Pecu Novus.
By implementing randomized rewards, time-based earnings, and a strict node policy, Pecu Novus ensures fairness, security, and decentralization, making it one of the most robust blockchain networks in the industry.
| Current Bitcoin and Ethereum Miners
Current Bitcoin and Ethereum miners may find the low power Proof of Time pruned full node system appealing. They have the ability to supplement their business by hosting numerous Validator Nodes that would not hinder their current operations.
This provides value to the Pecu Novus Blockchain Network and it’s community as it will enhance security, scalability and expand the reach of the entire network over time.
For current miners it is as simple as creating a Pecu Wallet and downloading a node to a CPU or GPU, please read below.
