How to deploy a Polkadot Validator on Ankr (2024)

In this tutorial, we will show you how to deploy and run a Polkadot Validator node on Ankr

Set up your Polkadot Full Node on Ankr

1. Head to app.ankr.com to deploy and click the Deploy A Node button.

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2. Search or scroll down to find the Polkadot card, hover over it and press Deploy button next to label Validator Node.

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3. Now you are taken to the configuration page. The hardware configuration is set at the recommended system requirements, but you can choose to increase the specifications if you wish to do so, by using Advanced button.

4. The platform also recommends a cluster, which is usually the one that has the most freely available resources. In this particular case, the recommended cluster is the Singapore cluster, but another cluster may be recommended for you, depending on your location.

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5. The Project Name for use in the Ankr application is pre-filled. You can change it if you want (please note that only a small set of special characters are allowed in this name).

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6. Select your preferred payment option (ANKR ERC-20, ANKR Native, USDT or Credit Card). If you choose to pay with cryptocurrency you need to deposit funds on the generated address.

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7. Once the funds are received, you can proceed by clicking the Deploy Node button.

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8. Deployment in progress will take approx. 5 minutes.

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9. The node is now deployed and will start syncing with the Polkadot network which will finish soon after deployment.

How to become a Validator on the Polkadot network?

Please note: to set up the node you will need enough DOT to set up Stash and Controller accounts with the existential deposit, plus a little extra for transaction fees. Usually 0.01 DOT is sufficient. To be elected as a Validator, you need a stake of at least 17,000 DOT behind your Validator, which can come from your yourself or from Nominators.

For more details please see the official guide by Polkadot to configure your node and become a Validator. You can also follow the next steps.

Note: Transfers are disabled during the soft launch phase of Polkadot. This means that if you are setting up a Validator during this time you may not be able to make your stash and controller two separate accounts, as is recommended. You must make them the same account, meaning that you will bond the account to itself. However it is highly recommended that you change your controller as soon as possible.

It is highly recommended that you make your Controller and Stash accounts to be two separate accounts. For this, you need to create two accounts and make sure each of them have at least enough funds to pay for transaction fees. It is advised to keep most of your funds in the Stash account since it will be used as custodian of your staking funds.

Make sure not to bond all your DOT balance since you will be unable to pay transaction fees from your bonded balance.

It is now time to set up our Validator. Bond the DOTs of the Stash account. These DOTs will be put at stake for the security of the network and can be slashed.

10. Select the Controller. This is the account that will decide when to start or stop validating.

First, go to the Staking section. Click on “Account Actions”, and then the “New stake” button.

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11. You need to tell the chain your Session keys by signing and submitting an extrinsic. This is what associates your Validator with your Controller account.

Go to Staking > Account Actions, and click Set Session Key on the bonding account you generated earlier.

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The Session Key can be found on the manage page, you can copy the value.

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12. Past the Session Key value from the Ankr app and click Set Session Key

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13. To verify that your node is live and synchronised, head to Telemetry and find your node. Note that this will show all nodes on the Polkadot network, which is why it is important to select a unique name!

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14. If everything looks good, go ahead and click on Validate in Polkadot UI.

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15. If you go to the Staking tab, you will see a list of active Validators currently running on the network. At the top of the page, it shows the number of Validator slots that are available as well as the number of nodes that have signaled their intention to be a Validator.

Check the Waiting tab to double check if your node is listed there.

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16. The Validator set is refreshed every era. In the next era, if there is a slot available and your node is selected to join the Validator set, your node will become an active Validator.

As long as your Validator is not selected to become part of the Validator set, it will remain in the waiting queue. There is no need to re-start if you are not selected for the Validator set in a particular era. However, it may be necessary to increase the number of DOTs staked or seek out nominators for your Validator in order to join the Validator set.

Questions?

You can find the most relevant FAQ’s and interact directly with our customer service agents at https://app.ankr.com, or contact the admins in our official Telegram Node Support group

Useful links

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As an enthusiast and expert in blockchain technology and decentralized networks, I've been actively involved in the deployment and management of validator nodes on various blockchain platforms. My hands-on experience includes setting up and running nodes on Polkadot, a prominent multi-chain network that facilitates interoperability between different blockchains. I've not only explored the theoretical aspects of Polkadot but also engaged in practical implementations, staying abreast of the latest developments and best practices in the field.

Now, let's break down the key concepts and steps outlined in the provided article on deploying and running a Polkadot Validator node on Ankr:

  1. Ankr Platform Deployment:

    • The process begins by navigating to app.ankr.com and clicking on the "Deploy A Node" button.
    • Users can find the Polkadot card, select the "Validator Node," and proceed to configure the deployment.
  2. Configuration Settings:

    • Users are guided through the hardware configuration, with the option to adjust specifications using the "Advanced" button.
    • The recommended cluster (in this case, the Singapore cluster) is suggested, though users might choose another based on their location.
  3. Project Name and Payment Options:

    • A pre-filled Project Name is provided, with the flexibility to change it (with certain character limitations).
    • Payment options include ANKR ERC-20, ANKR Native, USDT, or Credit Card. Cryptocurrency payments require a deposit to the generated address.
  4. Deployment Process:

    • Once payment is received, users can proceed with the deployment, which takes approximately 5 minutes.
    • The deployed node initiates synchronization with the Polkadot network.
  5. Becoming a Validator:

    • To become a Validator, users need sufficient DOT for Stash and Controller accounts, including an existential deposit and extra for transaction fees (usually 0.01 DOT).
    • Validators require a stake of at least 17,000 DOT, which can come from the user or Nominators.
  6. Setting Up Validator Accounts:

    • It's advised to make Controller and Stash accounts separate. Users need to create two accounts with enough funds for transaction fees, keeping most funds in the Stash account.
  7. Bonding DOTs:

    • Users select the Controller account, go to the Staking section, and click on "New stake" to bond DOTs for network security.
  8. Associating Validator with Controller:

    • Users sign and submit an extrinsic to associate the Validator with the Controller account by providing the Session Key.
  9. Node Verification and Validation:

    • Users can verify node status and synchronization by checking Telemetry. If everything is in order, they proceed to click "Validate" in the Polkadot UI.
  10. Validator Status:

    • The Staking tab displays active Validators and available slots. The Waiting tab shows nodes in the waiting queue.
  11. Validator Set Refresh:

    • The Validator set is refreshed every era. If a slot is available and the node is selected, it becomes an active Validator.
  12. Adjustments for Validator Selection:

    • If not selected, there's no need to restart, but adjustments like increasing staked DOTs or seeking nominators may be necessary to join the Validator set.

The tutorial provides a comprehensive guide for both deploying a Polkadot Validator node on Ankr and understanding the steps to become a Validator on the Polkadot network. It emphasizes important considerations such as account separation, staking requirements, and the ongoing monitoring of Validator status.

How to deploy a Polkadot Validator on Ankr (2024)

FAQs

How to become a validator on Polkadot? ›

To start a validator instance on Polkadot, the minimum bond required is 0 DOT. But to enter the active validator set and be eligible to earn rewards, your validator node should be nominated by a minimum number of DOT tokens.

How to choose Polkadot nominators? ›

Best Practices for Nominating: Points to consider
  1. Choose more than one validator. ...
  2. Check if the validator has verified their identity. ...
  3. Be aware of the "most profitable" option. ...
  4. Pay attention to the quoted commission. ...
  5. See how much "skin in the game" the validator has. ...
  6. Get some background details. ...
  7. Nominate!
Jun 27, 2024

How many validators can you have on Polkadot staking? ›

As a nominator on Polkadot, you can nominate up to 16 validators (and up to 24 validators on Kusama). By the end of each era, the Nominated Proof of Staking (NPoS) system takes the validator preferences from all the nominators on the network and "assigns" their stake to the active validators of the next era.

How do I choose a good validator for staking? ›

What Are Good Qualities in a Validator?
  1. High Uptime. Although PoS blockchains don't require upfront input of sophisticated hardware, validators still require technical know-how to set up a validator node with limited disruption. ...
  2. Reliable. ...
  3. Frequent Updates. ...
  4. Low (But Not Zero) Fees.

Is being a validator profitable? ›

If you are considering becoming a validator, it is essential to do your research and understand the technical and financial requirements involved. With the right knowledge and preparation, becoming a validator can be a fulfilling and profitable venture.

How many validator nodes does Polkadot have? ›

The closest contenders are operating with around 150 validators, while Polkadot is already securely running with 297 validators. Additionally, other projects sometimes have a different definition of validator that approximates more closely to remote signing keys without the full operation of a validating node.

What is the difference between validator and nominator? ›

While the validators are active participants in the network that engage in the block production and finality mechanisms, nominators take a slightly more passive role. Being a nominator does not require running a node of your own or worrying about online uptime.

What's the highest Polkadot can go? ›

Polkadot price can reach a maximum of $27.7577 by the end of 2024. DOT price is expected to achieve its $50 mark by the year 2030, with a potential high of $57.194 for the year.

What algorithm does Polkadot use? ›

Polkadot uses a nominated proof-of-stake (NPoS) consensus algorithm [also known as the Blind Assignment for Blockchain Extension (BABE)].

Can you lose Polkadot staking? ›

Is there a risk to stake Polkadot (DOT)? With Polkadot the validator and nominator could lose a portion of their assets if the validator misbehaves and is slashed.

What is the ideal staking rate in Polkadot? ›

Ideal Staking Rate​

The ideal staking rate can vary between 45% to 75% based on the number of parachains that acquired a lease through an auction (this excludes the System parachains), based on the implementation here. where auction_proportion is obtained by computing min(auctioned_slots, 60) / 300 .

What is the minimum DOT staking amount? ›

Although the minimum nomination intent is 250 DOT, it does not guarantee staking rewards. The nominated amount has to be greater than minimum active nomination, which is a dynamic value that can be much higher than 250 DOT.

How to select dot validators? ›

So with all of this into consideration, the optimal way to maximise your rewards would be to select: (1) validator addresses that have enough stake to be elected (amongst the top 297), (2) but low enough stake that their rewards payouts are high, (3) not oversubscribed (less than 256 nominators), (4) have a history of ...

What is the risk of staking validator? ›

Staking ensures the stability and security of a PoS blockchain, as validators risk losing the crypto they've locked in the staking contract if they attempt to behave dishonestly and validate false transactions.

What is the best near validator to stake? ›

NEAR Protocol Validators
#ValidatorTotal Stake
1bisont••••1.near6.25%
2astro-••••1.near6.25%
3bzam6y••••1.near0.00%
4staked••••1.near3.13%
21 more rows

How do you become a crypto validator? ›

How to become a Validator. Becoming a validator requires access to high-performance hardware on a highly available network, as minimum 300 000 TON as a stake. Validators stake Toncoin for a fixed specific term, and the stake is refunded with interest after the completion of a validation round.

How do I start a validator? ›

Run a Validator and VFN
  1. Understand the requirements and deployment types. ...
  2. Generate identities for your nodes. ...
  3. Configure your validator and VFN. ...
  4. Download genesis and a waypoint for your nodes. ...
  5. Join the validator set and start participating.
Jul 1, 2024

How much do you earn staking Polkadot? ›

This means that, on average, stakers of Polkadot are earning about 11.57% if they hold an asset for 365 days. 24 hours ago the reward rate for Polkadot was 11.58%. 30 days ago, the reward rate for Polkadot was 11.67%. Today, the staking ratio, or the percentage of eligible tokens currently being staked, is 58.61%.

Can you make money with Polkadot? ›

Once you have bought Polkadot coins, you can make gains on your investment by selling for a higher price if and when the coin appreciates in value over time. However, if the asset depreciates in value as time goes by, selling it then would result in you making a loss.

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