๐ Validator Reward System
In the QIE network, validators play a crucial role in maintaining the blockchain โ and are rewarded accordingly. Validators earn income from three primary sources:
1. ๐งฑ Block Rewards
Validators earn block rewards each time they successfully propose and validate a block.
This reward incentivizes validators to stay online, follow protocol rules, and help maintain consensus.
2. ๐ธ Transaction Fees
Transaction fees in QIE are split into two parts:
๐ฅ Base Fees โ These are burned, permanently removed from circulation. This helps reduce total coin supply over time (deflationary effect).
๐ Priority Fees (Tips) โ These are awarded to the validator who validates the block. It serves as an extra incentive for validators to include and prioritize user transactions.
3. ๐ค Delegation Commissions
Validators earn a commission on the staking rewards generated by their delegators.
Each validator can set their own commission rate.
โ ๏ธ Delegators receive the remaining portion of the staking rewards after the validator's commission is applied.
๐ Summary Table
Block Rewards
Block proposer & validator
For proposing and validating blocks
Priority Fees
Block validator
Tips from transactions included in the block
Delegation Commissions
Validator
A percentage cut from rewards generated by delegators
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