THORNodes service the THORCHain network, of which there is intended to be initially 99. Each THORNode is comprised of several independent servers. All THORNodes communicate and operate in cooperation to create a cross-chain swapping network.
Node Operators earn 67% of the system income when it is stable. You can read more here:
Follow these setup up instructions
Node Operators should stay anonymous and never socially signal that they are running a node. For this reason, no ability to delegate or token-voting is supported at the protocol level.
There are a variety of tools available in the ecosystem for Node Operators, such as the Telegram Alerts bot:
For THORChain to work, it needs to be a nuetral ammoral platform that has no opinion on the nature of transactions processed on its network, nor the source or destination of funds. THORChain needs to avoid all sources of bias, subjectivity or localised influence. It needs to be a moving target, shuffling funds and avoiding capture. It needs to treat node operators as second-class citizens, paying them for their services and ejecting any node that has been in the system for too long or starts misbehaving. THORChain treats liquidity providers as first-class citizens and does everything it needs to protect their capital.
Delegation is not permitted on the THORChain protocol because delegation undermines both the decentralisation of the project as well as its security.
If delegation was permitted, then Node Operators would begin running initiatives that would try and attract delegated funds, such as marketing campaigns, or reducing commissions to low or negative amounts. This type of behaviour is wide-spread on existing DPoS networks such as CosmosHub, EOS and Tron. This begins to erode the centralisation of the network since funds would accumulate with large branded nodes that can pay for large campaigns.
As a follow-on, if nodes began social signalling, they would naturally try and build brands to gain public trust. They would buy domain names, and try and promote on-chain identification of their nodes "monikors" to allow users to easily find and delegate them. Over time, this brand will become more and more associated with the protocol and the protocol would start to lose its nuetrality. The branded node would try and asset themselves more and more on the network, and this bias would make its way into the source code and eventually affect how the protocol would operate.
The most important aspect is that Nodes must pay for their Bond, since this is a core assumption to the security of the network. If a node pays $1m for their bond, then they will never try to steal assets unless if they can access more than $1m of funds. If they can, then they will make a profit.
If delegation was permitted, a Node Operator that paid $100k in RUNE, can possibly receive $900k in delegated funds to qualify and meet the $1m bond requirement. They will now contemplate stealing assets the moment they get access to more than $100k in capital, which is likely.