Dedicated To Mass Participation Built For Secure Blockchain Network

Become a stake pool operator to earn UTG and contribute to the UltronGlow blockchain network.

WHAT IS STAKING?

The UTG held on the UltronGlow network represents a stake in the network. The amount of UTG you hold determines your stake proportion. Stake Delegate or pledge are the fundamental of the UltronGlow PoS consensus.

Two ways to earn UTG rewards in UltronGlow’s PoS consensus:
1) Delegate your stake to a stake pool run by someone else.
2) Run your own stake pool.

UltronGlow's block production is based on the PoS consensus, but unlike the PoS consensus of other traditional blockchains, UltronGlow PoS is produced by Ultron Nodes at different levels. UltronGlow’s PoS improves the transaction confirmation speed. Ideally, the confirmation time is consistent with the time of generating a new block, which greatly improves the processing efficiency of the blockchain. At the same time, the multi-level selection method provides more fair blocking opportunities for all candidate nodes. A stake pool with more stakes possess a higher chance to become an Ultron Node to add the next block and receive a monetary reward for doing so. The rewards that it earns are shared between everyone who delegated their stake to that stake pool.

WHAT IS A STAKE POOL?

Stake pools may be either public or private. A public stake pool is a UltronGlow network node with a public address that other users can delegate into it, and receive rewards base on your stake proportional. Private stake pools only deliver rewards to their owners and is not open for everyone.

Stake pools are run by a reliable operator: an individual or business with the knowledge and resources to run the node on a consistent basis. UTG holders can delegate to public stake pools if they wish to participate in the PoS protocol and receive rewards, but do not wish to operate a UltronGlow network node themselves.

The more stake that is delegated to a stake pool, the greater chance it has of being selected as a Ultron Node in the election every 60480 blocks. Each time it is selected and produces a block that is accepted onto the blockchain, it is rewarded, and Stake pool operators may set a management fee for stake pool, which means every reward into the stake pool will have to pay for a management fee for the stake pool operators because they have cost for running a Ultron Node then the remaining of the rewards will be shared between the stake pool operator and the stake delegators.

Extensive research and development has gone into ensuring a fair, competitive marketplace that proportionately incentivizes participation, and rewards the investment of time, energy, and resources. The key technical parameters influencing stake pools and the rewards received are:

How do I set up A Stake pool?

It’s important to remember the role of a stake pool operator:

To ensure reliable, 24/7 operation of a network node. As a stake pool operator, you have a responsibility to the UTG holders who delegate to you but also to the health of the network itself.

This requires a stable and reliable network infrastructure and, ideally, system operation and server administration skills along with experience in development and operations.

Anybody can learn how to operate a stake pool, but a degree of technical familiarity and knowledge is required.

Interested In Running A UltronGlow Stake Pool?