Generating Node

Generating node is a node that generates blocks.

Each generating node is a validating node.

Generating account is an account that node uses for signing generated blocks.

For a node to be able to generate blocks, its generating balance must be at least 1000 WAVES. This means that the account balance in WAVES, taking into account leasing, was not less than 1000 WAVES in each of the last 1000 blocks (for more information about types of balances in WAVES, see the Account Balance article). The greater the generating balance of the node, the higher is its chance of being eligible to generate the next block.

By adding a new block to the blockchain, block generators receive the block reward (the current reward is 6 WAVES) and transaction fees. The calculation of the rewards is described in detail in the Generator's Income article.

If you'd like to run a generating node and get rewarded, see instructions.