1.3 KiB
Validator Sets
Validator Sets are defined at the protocol level, with the following parameters:
index(VS): Validator set index, a global key atomically increasing from 0.bond(Amount): Amount of bond per key-share of this validator set.coins(Vec<Coin>): Coins managed by this validator set.
At launch, there will solely be validator set 0, managing Bitcoin, Ethereum, USDC, DAI, and Monero.
Multisig Management
Every validator set is expected to form a t-of-n multisig, where n is the amount
of key shares in the validator set and t is n / 3 * 2 + 1, per curve required
by its coins. This multisig is secure to hold funds up to 67% of the validator
set's bond value. If funds exceed that threshold, there's more value in the
multisig than in the supermajority of bond that must be put forth to control it.
Participation in the BFT process
All validator sets participate in the BFT process. Specifically, a block
containing Oraclizations for a coin must be approved by the BFT majority of
the validator set responsible for it, along with the BFT majority of the network
by bond.
At this time, Oraclizations for a coin are only expected to be included when a
validator from the validator set managing the coin is the producer of the block
in question.