Become a Node Operator

Node operators on Polymesh must be licensed financial entities. As a node operator, you’ll manage and run authoring nodes that keep the Polymesh blockchain secure and operational at all times.

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What is a Node Operator?

Node Operators on Polymesh are entities who run the nodes that author new blocks and vote on block finality, writing transactions to the chain.

What do Node Operators do?

Node Operators run the chain’s software, certifying transactions as they are entered into the chain by writing new blocks and broadcasting them to the network. They process blocks based on transactions that follow the blockchain’s protocol rules.

Who are the Polymesh Node Operators?

Permissioned node operators are one of the aspects that make Polymesh unique and fit-for-purpose. By contrast, most blockchains allow anyone to author new blocks, which can create issues for regulated entities dealing with regulated assets.

A public permissioned blockchain

On Polymesh, anyone can run a regular node or check the upholding of network rules and public state secured by the blockchain. However, not everyone can author new blocks.

On Polymesh, only licensed financial entities can run the nodes that author new blocks or vote on block finality. These entities are called node operators and are permissioned through a governance process.

Node operators share earnings with those who stake funds with them, creating a competitive business model in which node operators compete for user support on the basis of reliability and expected return on investment.

Trusted entities using Polymesh

Node Operators have
3 primary roles

Gather transactions into blocks to be proposed for writing to Polymesh.

Secure the chain by staking it with POLYX.

Vote on blocks proposed by other node operators to ensure they meet protocol rules.

Why become a Node Operator?

Guide the industry

Be involved in the development of Polymesh and the security token industry while gaining valuable insights.

Collaborate with the market leader

Be part of the world’s first public, permissioned blockchain for security tokens.

Benefit with low investment

Low infrastructure and operational costs let you benefit from working with blockchain without needing to create your own.

Drive innovation

Innovate in the security token space with the opportunity to offer new and unique services to your clients.

Polymesh provides strong foundations that will play a critical role in helping blockchain companies meet the needs of capital markets and their participants.

Sylvan Martin • Chief Operating Officer Scrypt Asset Management 

Polymesh provides strong foundations that will play a critical role in helping blockchain companies meet the needs of capital markets and their participants.

Sylvan Martin • Chief Operating Officer Scrypt Asset Management 

Polymesh provides strong foundations that will play a critical role in helping blockchain companies meet the needs of capital markets and their participants.

Sylvan Martin • Chief Operating Officer
SCRYPT DIGITAL

As a permissioned blockchain specifically for securities, Polymesh is an attractive alternative that brings the benefits of blockchain, transparency and efficiency, while overcoming problems of compliance and confidentiality seen on public chains.

Pat LaVecchia • Chief Executive Officer
Oasis Pro Markets

Polymesh uses nominated proof-of-stake

Arriving at consensus about the ordered list of transactions is a core concern of any blockchain network. Polymesh uses a Proof-of-Stake (PoS) consensus mechanism and relies on a small set of node operators who know exactly who each other are, and are thereby accountable and expected to be cooperative. The node operators are regulated financial entities who would not be expected to attack the network intentionally.

The system doesn’t rely exclusively on reputation, ethics, or recourse to courts of law (although these factors are clearly helpful). Malfunctioning, unresponsive, or hostile node operators are detected by the remaining well-functioning, well-intended node operators. There is little rogue node operators can do to cause harm to the network beyond a momentary performance hiccup, and they are financially penalised for service interruptions.