Leader Log

[Shiva]

Can someone please explain the purpose of leader log.

[tomdx]

Sure …

Cardano rewards

Every slot (i.e. every sec) the block producer runs a lottery. Every ADA that is delegated to your pool represents one ticket in that lottery. The total stake (i.e. 23bn) represents the total number of tickets over all pools. Only five percent of the slots are actually used, which makes 21600 blocks per epoch. So, there is a draw from a jug of lottery tickets 21600 times per epoch. If you divide the 23bn from above by 21600 you get the required stake to mint 1 block per epoch (on average), which…

[Shiva]

So the purpose of finding the leader log is to make sure that your pool is online. Is that only purpose? And what is the time zone of the timestamp?

[tomdx]

The purpose of the leaderlog is, to know the exact slots when your pool is expected to mint a block. It is an offline process. The timezone can be configured.

[Shiva]

Thanks a lot.