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:

• 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.