From d041d17059a864513e1bd6bc33b042f0e818d121 Mon Sep 17 00:00:00 2001 From: Profsmith9000 <42823258+Profsmith9000@users.noreply.github.com> Date: Mon, 29 Apr 2024 15:32:39 -0600 Subject: [PATCH] Update 02-about-stake-pools.mdx Just some suggested changes in wording. --- .../02-about-stake-pools.mdx | 59 +++++++++---------- 1 file changed, 27 insertions(+), 32 deletions(-) diff --git a/docs/08-operating-a-stake-pool/02-about-stake-pools.mdx b/docs/08-operating-a-stake-pool/02-about-stake-pools.mdx index 93233aff..3c2419c7 100644 --- a/docs/08-operating-a-stake-pool/02-about-stake-pools.mdx +++ b/docs/08-operating-a-stake-pool/02-about-stake-pools.mdx @@ -6,39 +6,34 @@ metaTitle: About stake pools, operators, and owners This section includes an overview of stake pool operations and explains the ways of creating and managing your own stake pool. -A [stake pool](/learn/stake-pools) is a reliable server node that holds and -maintains the combined stake of various stakeholders in a single entity. Stake +A [stake pool](/learn/stake-pools) is a reliable server node that represents the + combined stake of various stakeholders in a single entity. Stake pools use the [Cardano node](https://docs.cardano.org/learn/cardano-node/) to -validate how the pool interacts with the network and are responsible for -transaction processing and block production. - -Successfully operating a stake pool includes the roles of a stake pool operator -and one or more stake pool owner(s). It is important to note that there is a -conceptual difference between these two roles: - -- A _stake pool operator_ is a person who is assigned responsibility for setting - up and keeping the stake pool running, which means that they own or rent a - server, hold the key of the stake pool, and hold responsibility for running - and monitoring the node. With their key, a stake pool operator can sign - blocks, register, re-register, or retire a stake pool, and post updated - certificates. A stake pool operator is also empowered to exclude some stake - pool owners during re-registration. -- A _stake pool owner_ is a person who pledges their stake to the pool to - increase the pool’s reward earning capacity and desirability. The ability of - the owner to [pledge stake](/learn/pledging-rewards) provides protection - against Sybil attacks. - -Usually, the stake pool operator and the owner is the same person, however, a -stake pool can also have multiple owners, who pledge their stake to form one -larger pool to ensure it is competitive. Even in this case, there is still only -one stake pool operator who is responsible for stake pool processes. - -It is essential that all stake pool owners trust a stake pool operator. All -operators’ and owners’ rewards are paid out into a single shared reward account -associated with the reward address of the pool. The holder of the rewards -account pays out rewards independently to the owners. - -This makes it clear to all parties that an agreement is needed to define when +form the backbone of the Cardano network by processing transactions and validating and producing blocks. + +Stake pool roles include a stake pool operator +and one or more stake pool owner(s). It is important to note the +conceptual differences between the two: + +- A _stake pool operator_ is the owner of the cold and VRF signing keys used to create the stake pool. + The operator configures and maintains stake pool infrastructure and is responsible for monitoring and . + The operator is able to register, re-register, or retire a stake pool, update + certificates, and ensure that the block-producing node is able to sign and validate blocks and process transactions. +- A _stake pool owner_ is determined by the stake signing-keys used in stake pool creation. The owner's + [pledge stake](/learn/pledging-rewards) is intended to + provide protection against Sybil attacks. + +Usually, the stake pool operator and the owner are the same person. However, a +stake pool can have multiple owners that choose to combine their pledge. It should +be noted that the stake pool's declared pledge must be met by the combined stake in the +owner's wallets and failure to do so will result in the pool being unable to produce blocks. + +All operator and owner rewards are paid out into a single rewards account +associated with the reward address of the pool. If a stake pool has multiple owners, it is +up to the owner of the rewards account to distribute rewards to the operator and +other owners. + +An agreement is likely needed to define when and how the accumulated rewards in a shared account should be split. For example, they can agree to have the operator control the shared account, or they could choose to use a multisig account.