Helium Blockchain : Helium Coin Staking @ Helium Validators
HIP 25 was officially approved by the Helium Community, and it was designed to one things. To become more robust, more secure, and more performant.
HIP 25 paves the way for commercial-grade validators to strengthen the network. Validators (Helium Coin Staking) will operate on stronger hardware with faster network connections, which help smooth performance lag and create a more reliable network for all. In the future they may also be able to serve as proxies for lightweight (non-chain-following) gateways. As the changes from HIP 25 roll out, consensus will eventually migrate from the hotspot population to the validator group, resulting in more consistent block production, similar to other Proof-of-Stake networks (Helium Coin Staking).
The introduction of Validators (Helium Coin Staking) also introduces staking to the network. Staking benefits all members of the ecosystem — investors, hosts, and users. First and foremost, the act of staking bolsters security of the network. This is incredibly important. It also creates the opportunity for Helium hotspot hosts and HNT coin holders to earn additional rewards by staking their tokens with validators.
Running a validating node on the Helium Blockchain is open to all and the first step is the launch of the Helium Testnet in the coming weeks. Initial validator guidelines are as follows:
- AWS EC2 instance T2 large or xlarge
- Stable IP and few ports (currently 2154 and eventually port 443) open to internet
- DNS resolvable URL strongly recommend
- Running on stable network connections (without things like proxies, NAT, firewalls, etc.), load is largely symmetrical when producing blocks, so good upstream recommended.
- It is not suitable or recommended to attempt to run from a home internet connection.
The staking threshold to run a validator (Helium Coin Staking) node is 10,000 HNT as noted within HIP 25 and the community is targeting 1,000,000 staked HNT to launch validators on the Helium Blockchain.