On the full moon night of June 22, 2024, LycanChain successfully migrated from Proof of Authority (POA) to Delegated Proof of Stake (DPoS). This move, once again ahead of schedule, marks a significant milestone in our journey. With the completion of this migration, LycanChain is now open to the public and developers worldwide, setting the stage to become the most utilized blockchain.
With the deployment of DPoS, we’re inviting passionate community members to step up as Alpha Validators and Beta Delegators. This is your opportunity to be at the forefront of our decentralized network and play a pivotal role in the future of blockchain technology.
Becoming an Alpha Validator
To become a validator, you need to acquire a minimum of 100,000 LYC and stake them. During each epoch, the 60 highest-staked candidates become validators. The staking pool is distributed 30–70 between validators and delegators. A delegator can stake any amount higher than 1000 LYC, up to a total of 70% of the pool. However, the strength of a validator is also determined by the number of people staking as delegators in the staking pool.
The Epoch Cycle: Based on the Lunar Cycle
The LycanChain epoch cycle is uniquely based on the lunar cycle. The lunar phases are as follows (Emojis represent the moon as seen in the Northern Hemisphere):
Using Julian date, the current phase of the moon can be calculated by finding the lunar age as a percentage through the lunar month, which is approximately 29.53059 Earth days. This makes every epoch cycle about 7.3826 days or approximately 212,620 blocks. To increase efficiency, the epoch cycle on LycanChain’s lunar system is approximately 212,520 blocks.
Why Join as an Alpha Validator?
- Leadership: Be at the forefront of our decentralized network.
- Rewards: Earn significant rewards for validating transactions, with an 18% annual inflation distributed in the reward pool. Alpha validators also receive an additional monthly bonus, a percentage of the overall collected network fee.
- Influence: Shape the future of LycanChain with your vote and maintain the efficiency of the network.
Calling All Beta Delegators!
- Support the Network: Delegate your stakes to trusted Alpha Validators.
- Earn Rewards: Benefit from shared rewards.
- Strengthen the Network: Help us build a more robust and secure blockchain ecosystem.
Together, Alpha Validators and Beta Delegators will create a stronger, more resilient network. Join us in this exciting new phase of LycanChain and be a part of the revolution. The beast is unleashed, and the future of blockchain is here.