Validators are GSMA Operator Member Mobile Network Operators (MNOs) who manage nodes on Telcoin Network, earn TEL gas fees and issuance each time they secure a block to the blockchain, and vote with others in their Miner Group in governance based on their TEL staked for PoS.
Validators: Political Power and Channel
- Political Power: An individual validator’s proposal and voting in governance power is based on their pro-rata share of TEL staked for proof-of-stake consensus (PoS) on Telcoin Network versus other Validators.
- Governance Channel: Snapshot
Validators: Collective-choice authority and associated rules
Council Member Selection: Possess the right to select the following number of representatives to each Council.
- Platform Council: 2 of 8 representatives
- Treasury Council: 1 of 4 representatives
- Compliance Council: 1 of 4 representatives
- TAN Council: 1 of 6 representatives
- TELx Council: 1 of 6 representatives
Learn more: Validators