Bond Transaction

Bond transaction is used to bond stake to a validator. If the validator does not exist, it will be created. Once a bond transaction committed, the validator cannot participate in the sortition algorithm for 1 hour. This is called the “bond interval” and is defined in the consensus parameter.

Payload Structure

The bond transaction has a payload consists the following fields:

Size Field
21 bytes Sender address
21 bytes Receiver address
96 bytes (optional) Public key
Variant Amount
  • Sender address is the address of the sender account.
  • Receiver address is the address of the receiver validator.
  • Public key is the validator’s public key. If the validator does not exist yet, the public key should be set, otherwise it should left empty.
  • Amount is the amount of coins that should be staked or bonded.
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