Getting Started Installation

Short Safecoin Commands

By default you are going to have to specify the entire safecoin path when running safecoin commands as such:

~/Safecoin/target/release/safecoin validators

It can be arduous to do this every time, so as a short cut, I add a symbolic link to the local bin folder:

sudo ln -sf ~/Safecoin/target/release/safecoin /usr/local/bin/safecoin

Now, to run any safecoin command it’s as simple as:

safecoin validators

This is all down to personal preference but it is something I find convenient.

Fees Getting Started Installation Staking

Validator Commission

Every validator has the potential to earn a portion of the staking rewards in return for operational service.

By default, for a new validator, the commission rate is set to 100%.

This would result in all staking rewards being deposited to the validator vote account and no increase in the delegated stake size.

Set the commission on your validator as follows

# set the commission rate to 10%

~/Safecoin/target/release/safecoin vote-update-commission ~/ledger/validator-vote-account.json 10 ~/ledger/validator-identity.json

You can change the validator commission levels at any time.

Getting Started Installation Recovery

Hardware Requirements

For your new SafeCoin Validator you will need a VPS or Dedicated Server that is running Ubuntu 20.04.

Minimum Specification

  • 4 CPU Cores
  • 8,192Mb RAM
  • Ubuntu 20.04

The storage requirement differs according to your intention to run either a Pruned Node (contains a partial segment of the ledger) or a Full History Node which contains a copy of the entire ledger.

Pruned Node

  • 20Gb SSD

Full History Node

  • 2Tb SSD (per annum)

Ready to install? Proceed to Installation Guide