The purpose of Lite Nodes is to elect Full Nodes as Validators for the Vulcan chain to produce the block. Lite Nodes functioning as electors during an epoch earn a fee which is a portion of the Vulcan block rewards proportional to their reputation (i.e. higher reputation Lite Nodes receive a higher portion of the fee). Reputation is based on the availability of nodes to participate in election and signing epochs for heart beat checks. Offline nodes are warned which affect reputation score which leads to that particular node losing access to participate in the process.
Lite Nodes are rewarded with a portion of trading fee for each block produced determined at the time of launch.
1500 Lite Nodes