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What does a new validator’s journey look like?
The journey of a new validator typically involves several key steps:
- Validator Application: The prospective validator will submit an onboarding application through the appropriate channels provided by the MANTRA network. This application will include information about the validator's infrastructure, stake, security measures, and their commitment to network participation and governance.
- Infrastructure Setup: The validator sets up the necessary infrastructure, which includes deploying a validator node with sufficient computing power, storage, and network connectivity. They ensure the node meets the network's technical specifications and is optimised for performance and reliability.
- Key Generation and Management: The validator generates a cryptographic key pair consisting of a public key and a private key. They carefully secure the private key and implement best practices for key management to prevent unauthorised access and potential loss of funds.
- Stake Accumulation: Validators aim to attract delegators who delegate their tokens to the validator's stake. The validator actively engages with the community, promotes their services, and builds a reputation for reliability and trustworthiness to attract more stake.