The Use of Validators and Risks Involved
The Use of Validators & Risks Involved
Dubai, UAE, 12th January 2024, The growth of the blockchain industry is inseparably linked to finding weak points and problems, rethinking them, and inventing new approaches. Therefore, the crypto community spends a lot of time examining the drawbacks associated with each component of the blockchain ecosystem to ensure progress and develop more robust and efficient solutions. One such component is validators, which are crucial for various consensus mechanisms, including proof-of-stake (PoS) and delegated proof-of-stake (DPoS).
Validators bear the responsibility of maintaining the network’s credibility and integrity by verifying transactions and maintaining the consensus. Therefore, they play a significant role in making blockchains operate smoo...