Node Setup & Staking

You can participate in network consensus and earn LTO.

Layer 1 of the LTO Network's hybrid architecture is permissionless public blockchain. This means you can set up a node and become a validator, helping decentralize and secure the network. If you are not tech-savvy, you can just lease your mainnet LTO to other nodes and share network rewards with them.

Network mining is accessible only for mainnet LTO. You can swap ERC-20 to mainnet via the Bridge Troll. You can combine it with social mining and earn more rewards.

Here are a few key points for the miners:

  • There is no network inflation, mining rewards are the transactions fees paid by network users. They can be coming from normal transfers, but around 99% of them are anchoring transactions resulting from clients and integrators using LTO Network engines. Check the calculator.

  • Layer 1 public blockchain based on the NG protocol. This means the rewards are 40%-60% split between the miners of micro blocks and a key block. Don't be confused if you see your rewards being either 0.10 LTO or 0.15 LTO, NG is the reason for that.

  • Up until Q3/Q4 2019, the reward probability is based on Fair Leased Proof of Stake. This means that the size of your stake is the major determining factor. This is called sybil resistance.

  • LPoS somewhat leads to centralization of a network, which is why we in Q3/4 we are switching to our own development: Leased Proof of Importance, which accounts for actual network usage.

  • The Bridge Troll fee from ERC-20 side to Mainnet, which is 40 LTO, gets split as 16 LTO - 24 LTO. This adds some more rewards for the nodes.

You can read more about the structure in the Developer area.

Node rewards are transactions fees of the network and correspond with the ratio of your staked amount over the total staked amount in the network. While 1,000 LTO is the requirement, it will most likely not yield frequent rewards. You can find the calculator here.

Run a node and stake

The node setup fits in one tweet, it's super simple to set up!

1) git clone https://github.com/legalthings/lto 2) cd lto/public-node 3) vim docker-compose.yml 4) docker-compose up

Below you'll find the list to the installation guides for setting up a node on various platform. Make sure to check out the Prepare: Setup your wallet page before jumping into the installation of your node.

Lease LTO and Split Rewards

With the traditional Proof of Stake algorithm it is important to have a big wallet, only people with a certain amount of tokens can run a node and forge blocks on the blockchain. With Leased Proof of Stake, token holders can lease their wallet balance to someone who is running a node, without having to run anything themselves. Most node operators will share a percentage of their node forging rewards with their leasers. The higher the leased amount of a node is, the more chance it has in being eligible to forge the new block. If the block has transactions, the forging node will earn the fees from those transactions.

When leasing, you are not transferring your tokens to someone else. Your tokens stay in your wallet. So you cannot lose your LTO this way, it's SAFU.

Every node is like its own miniature community, it's awesome :)

  • Create a mainnet wallet and save your seed phrase

  • Swap ERC-20 LTO to mainnet LTO - be careful of the Bridge Troll

  • Read about different leasing communities in the table below - calculator here

  • Press one button lease... done!

  • If you hold mainnet LTO, you can combine network mining with social mining and earn even more rewards by helping us out with different tasks.

Address

Telegram Contact

Website / Community

Description

x9oM

@N0rthstar

LowSea Leasing

Sander is educating the Dutch community, helps with node set up and external relations.

7JJ5

@jayjay

Liquid Leasing

Jayjay built a payout script, helps out with Dutch communities and tech implementations.

imvJ

@PatrickS79

Main LTO chat

Patrick is making weekly Network Activity Reports.

zwFiv

@LTO_node

ltonode.com

Erwin built network stats overview, staking calculator, and so on.

UVBp

@aorfevrebr

LTO Lease

Alex is helping with bot technical implementations.

Eyu9

@Cryptocapitalist

Smart Workflow

Joel, Ignacio, and others are managing the biggest Spanish crypto community. They have also built a node utility bot.

t9b9

@G1zm0

dev.pywaves.org/LTO

Rob built a network overview board, built a payout script, and is helping with tech upgrades.

CK2P

@PitbullCH

kruptosnomisma.com

Kruptos Nomisma are running nodes for different projects.

8kKU

@fexraTRTL

lto.services

Fexra built complex analytical tool with more stats, and a community explorer.

m23M

@Quantumpire

quantumfart.threadless.com

Xander is making meme merch with fun LTO pictures.

vvbB

@JellevanderSteen

bit.ly/2FuD1b0

Jelle and Marco are educating Dutch community members.

FiEX

@NUT65

ltoleasing.com

Arie is long-term LTO supporter from the Dutch community.

Kj7k

@ICODOGCHRIS

ICO DOG

Chris, Gio, and others help with community management.

FA89

@antonioee

LTO lottery node

Anton is managing a shady crypto OTC market and helps with the Russian community.

9hKD

@WvonR

lto-node.com

Willem is an active Dutch community member.

MU7U

@theeaglefliesalone

LTO News

Sadık is one of the our supporters from Turkish community.

fVnm

@D00hanPijo

LTO VIP Node

Professional node, only for limited number of leasings.

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Your node, your community!