Validators

The validator setup and maintenance guide has moved to the Operator Guides book.

Validators secure the Nyx blockchain via Proof of Stake consensus. The Nyx blockchain records the ledger of NYM transactions and executes the smart contracts for distributing NYM rewards. The Nyx validators are run via the nyxd binary (codebase), maintaining a CosmWasm- and IBC-enabled blockchain.

The blockchain plays a supporting but fundamental role in the mixnet: the NYM token used to incentivise node operators is one of two native tokens of the chain, and the chain is where the Mixnet and Vesting smart contracts are deployed.

Further Reading

• Detailed info on Nyx Validators and token flow can be found in Nym Reward Sharing for Mixnets document in section 2.3 and 2.4.
• Our quarterly update on token economics from July 2023.
• Nym Whitepaper section 3.1