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How to setup a LikeCoin validator node (Part 1)
LikeCoin is a decentralize publishing protocol. It’s a “create-to-eran” platform. Turning your content creation into crypto currency. Another main innovation is the ISCN (International Standard Content Number) standard. They have largely simplified storing and cataloging content on chain.
LikeCoin is a proof-of-stake chain built on the Cosmos SDK. Like other proof-of-stake chains, it requires validators to commit transactions to the blockchain. In return, the chain offer staking reward to validators and people who stake their coins to the validators. The current staking reward is around 20%.
This guide is about setting up a node and become a validator on the LikeCoin chain.
We will start with setting up a node on Digital Ocean. According to the official guide, you need at least 2 cores with 2GB of memory.
We can start with a droplet with premium Intel processors.
Once the droplet is setup, you can follow this guide to initialize the server. Follow this guide to setup your local machine as the remote control server for Ansible.
