Becoming a node operator
The node operators core responsibility is to run a node that maintains a copy of the blockchain's ledger, validates and records transactions, and contributes to the network's security and decentralisation by participating in DBFT consensus. In return, nodes are compensated through incentives, staking rewards, and transaction fees.
Want to become a node operator on Redbelly Network?
Why run a node?
Becoming a Redbelly Node Operator allows you to participate in our innovative and disruptive network that is revolutionising the adoption of blockchain technology as we know it through compliant asset tokenisation.
Incentives
Redbelly Node Operators are incentivised to participate through an ongoing staking reward as well as a portion of all gas fees. These incentives are paid in the native coin of the Redbelly Network, RBNT.
Requirements
Set yourself up for success before applying to become a node operator by reviewing the requirements.
Redbelly Network access
Node operators MUST have network access for 2 accounts and provide their public address when applying to run a node. One account will be used to sign transactions, the other will be to receive rewards and incentives.
Fund accounts
Node operators are responsible for ensuring their signing address account is appropriately funded to sign transactions (e.g. request network reconfiguration).
Staking
As outlined in the Network Governance, all nodes must stake 100,000 RBNT in order to participate. This acts as a disincentive to malicious behaviour. If a node is found to have acted maliciously, its stake can be slashed.
Technical requirements
Specific hardware and system requirements must be met to run a node successfully.
Experience and expertise
Setting up and operating a Redbelly node requires knowledge and experience with applicable hardware and software management, such as; DNS (Domain Name System) configuration, VPS (Virtual Private Server) setup and Linux command line syntax.
The Redbelly community, and support team provide guidance on how to setup and onboard nodes onto the network but may only offer limited assistance for issues not directly related to the network infrastructure, or Redbelly specific technology.
Rules of engagement
Review the Rules of Engagement for becoming a Node Operator for Redbelly Network.
Apply
Submissions currently closed
Thank for your interest in our Node Operator Program. We have been overwhelmed with responses and will now take some time to work through them.
Please join our community channels for updates on when we will open Node Operator submissions in the future.
Selection process
- Applicants will be selected based upon their previous experience, location and commitment to the Redbelly Project.
- Applicants will be notified by email on the outcome of their application.
- Successful applicants will receive full details of the Program and Incentives and next steps.