Symbol Launch Discussion Topic (2/3) - Node Monitoring and Payouts
Hi all,
This is the second of three discussion topics we are opening this week. The intention of this post is to gather input, discussion, opinions, questions etc about the Node Monitoring and subsequent SuperNode + Finality Voting payout approach.
The below is a proposal/start point for how NGL is thinking it could run, this is a discussion and not set in stone, we are specifically asking for likes/dislikes, problems/opportunities etc. that the community can spot here.
Attached is a longer requirements document, a technical design will come in a the next few days as well but the high level bullet points would be:
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NEM NIS1 SuperNode Monitoring solution to be transitioned over to NGL operationally at request from Core
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Symbol Node Monitoring to be installed on all Symbol nodes if possible, to allow better network and chain health information to be provided generally
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Symbol SuperNode payout solution to work in a conceptually similar way to NEM NIS1 solution and be developed and hosted by NGL with funding from Core
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Finality Voting is currently a layer 2 solution, this means 5% of all block rewards will be paid to sink address for payment to Voting Nodes. To be a Voting Node it is necessary to be a full supernode and have opted in to take part in Voting. NGL will run the payment solution in a similar manner to the SuperNode programme. Over time NGL will seek ways in which this can be migrated on-chain
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The Tokenomics Early + Ecosystem Node bonuses to make use of the same monitoring solution an payout solutions
Full document with the requirements, process steps and operational processes
Please do let us know if there is anything in here that is wrong, needs another perspective, generates questions etc the best way to ensure this works how everyone wants it to is to have these conversations.
The proposed design/architecture for the Symbol solution will be posted as soon as it has been fully reviewed
