Validator slashing
What is validator slashing?
Validator slashing is a penalty mechanism that is essential to maintaining network integrity.
In a Proof of Staked Authority (PoSA) blockchain such as Chiliz Chain, validators stake tokens and are selected based on reputation and staking amount.
PoSA combines elements of Proof of Stake (PoS) and Proof of Authority (PoA).
Validator slashing ensures that validators act responsibly and in Chiliz Chain's best interest. It therefore discourages malicious activities like double signing, prolonged downtime, and validating invalid transactions.
Slashing is crucial for aligning validators' behavior with the network's security and reliability.
Validator penalties on Chiliz Chain
There are two possible penalties for validator:
Missed Blocks: If a validator misses 14,400 blocks per epoch (about a day), they lose epoch rewards.
Extended Downtime: If a validator misses 21,600 blocks per epoch, they are "jailed" for 7 epochs. The validator owner will be able to "release" the validator after this period.
How to unjail a validator
If your validator is "jailed" for downtime, you must wait 7 blocks (roughly 7-8 days) before you can "release" it.
Before you ask for a release, make sure that you have fixed the issue that brought your node to jail in the first place!
This might mean upgrading your node
To release your validator, you need to follow these steps:
Connect your Validator wallet to the Chiliz Staking dApp.
Click on the "Unjail" button.
Enter the IP address of the jailed node.
If the 7 epochs have passed, your node will be released from jail.
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