Quantum Portal Miner (QPM)
Last updated
Ferrum Network - Whitepaper
Last updated
Anyone can become a miner
Required to configure Ferrum Network node as QP Miner and stake at least 250,000 FRM (subject to change) on the sourceChain
Can mine blocks but cannot finalize them
To mine for multiple sourceChains a minimum stake will be required natively on each sourceChain
Last action (mining a block) locks stake for a month
Anyone can become a Quantum Portal Miner by configuring the Ferrum Network Node as a Quantum Portal Mining node. This requires you to stake a minimum amount of tokens on the sourceChain you would like to mine Quantum Portal transactions from.
The QP Miners take turns based on an algorithm to create and relay these blocks from the sourceChain to the destinationChain. QP Miners do this by running the Ferrum Node as a QP Miner (QP Node). Once configured, this QP Node monitors the transactions on the network that they have set up to be miners and staked tokens on. The QP Node monitors transactions on the sourceChain and if new data is available, it creates a block every 15 seconds. After creating a block, the QP Node calls the mineRemoteBlock on the destinationChain in order to execute the transaction and mine the . It is considered a mined block after the transaction is executed on the destinationChain
Once a transaction is mined, the record of a mined transaction is added to the destinationChain