BIFROST Network
  • Introduction
  • Bifrost Network Architecture
    • Consensus
    • Cross-Chain Communication Protocol (CCCP)
    • Oracle Service
  • Running a Node
    • Basic-Node Requirements
    • Full-Node Requirements
    • Validator Account Management
    • Guide for Operators
      • Setting up an Endpoint Node
        • Using Docker
        • Using Systemd
      • Setting up a Validator Node
        • Using Docker
        • Using Systemd
      • Setting up a Relayer
        • bifrost-relayer.rs
        • bifrost-relayer.py (Deprecated)
      • Chain Data Snapshots
      • Trouble Shooting
        • Testnet Chain Sync Issue
    • System Monitoring
      • Prometheus and Grafana
      • Sentry
  • Nominators
  • Developer Documentations
    • Ethereum API
      • Ethereum Precompiled Contracts
      • Libraries
      • Developer Environments
    • Bifrost Precompiled Contracts
      • Staking
      • Governance
      • RelayManager
    • Pallet Interfaces
      • BfcStaking
      • BfcUtility
      • BfcOffences
      • RelayManager
    • Client API
      • JSON-RPC API
        • author
        • chain
        • childstate
        • debug
        • eth
        • grandpa
        • net
        • offchain
        • payment
        • rpc
        • state
        • system
        • trace
        • txpool
        • web3
      • Explorer API
      • Runtime API
    • Cross-Chain Transaction and Oracle API
      • Price Oracle Contract API
      • Socket Contract API
    • Testnet Faucet
  • Governance
  • Security
  • Tokens & Assets
    • Unified Token
    • Inflation Model
  • Add Network
    • Pockie
    • MetaMask
  • Bridge
    • Bridge Guide
      • Depositing to the Bifrost Network
      • Withdrawing to another network
    • Glossary
  • Staking
    • Staking Guide
      • Stake BFC
      • Unstake BFC
    • Glossary
      • All Validators
      • My Staking Status
  • Language
    • 바이프로스트 네트워크 가이드
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Nominators

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Last updated 1 year ago

Nominators are one type of participant in the staking subsystem of Polkadot. They are responsible for appointing their stake to the validators who are the second type of participant. By appointing their stake, they are able to elect the active set of validators and share in the rewards that are paid out.

While the validators are active participants in the network that engage in the block production and finality mechanisms, nominators take a slightly more passive role. Being a nominator does not require running a node of your own or worrying about online uptime. However, a good nominator performs due diligence on the validators that they elect. When looking for validators to nominate, a nominator should pay attention to their own reward percentage for nominating a specific validator.

Nominators are recommended to set up separate

stash and controller accounts.