Validator Guide

This page covers a guide related to commands for the Rapid service.

Basic Concepts

Wallet : A digital wallet in which a user stores and manages their cryptocurrencies.

Validator : Validators on the Rapid Chain network verify new transactions and add them to the blockchain, ensuring the security of the network.

Delegate : Delegation involves a user entrusting their crypto assets to a validator, allowing the validator to earn rewards from their transactions.

Undelegate: A transaction type used to end delegation, enabling users to withdraw their crypto assets from a validator.

Bond : The process in which individuals who wish to become validators commit a certain amount of collateral before participating in the network.

Unbond : A transaction type used by those who want to withdraw their collateral from a validator.

Gas: Represents the transaction fees required for processing transactions. It can vary based on transaction volume and complexity on the blockchain network.

Jail: Temporary suspension imposed by the Rapid Chain network on a validator exhibiting faulty behavior.

Unjail : A transaction type used to reinstate a previously suspended validator back to normal operation.

Governance : Enables the Rapid Chain community to make decisions about the network's future and implement changes.

Vote : A voting process used as part of the governance mechanism for users to express support or opposition to specific proposals or changes.