Validator Quorum

In the genesis stage, a few trusted nodes will run as the initial Validator Set. After the blocking starts, anyone can compete to join as candidates to elect as a validator.

POOLS is the token used to stake for Pools Chain.

In order to remain as compatible as Ethereum and upgradeable to future consensus protocols to be developed, Pools Chain chooses to rely on the staking management (Please refer to the below “Staking and Governance” section). There is a dedicated staking module for Pools Chain. It will accept staking from POOLS coin holders. Upon every UTC midnight, Pools Chain will issue a verifiable ValidatorSetUpdate message to update its validator set.

While producing further blocks, the existing Pools validators check whether there is a ValidatorSetUpdate message relayed onto Pools periodically. If there is, they will update the validator set after an epoch period, i.e. a predefined number of blocking time.