1/ Based on a governance vote, we recently reduced the validator self-stake requirement from 500k to 50k FTM, making it more acc
15 Jan 2024, 16:15
1/ Based on a governance vote, we recently reduced the validator self-stake requirement from 500k to 50k FTM, making it more accessible than ever to run a #Fantom validator.
But we've been asked:
"How does an increase in validators impact Fantom?"
Well, let's find out 🧵
Same news in other sources
815 Jan 2024, 16:16
10/ For example, a validator with 1 million FTM staked would have the same power as twenty smaller validators, each with 50k FTM staked ⚖️
And that wraps up this thread! For more detailed information, read the full article here:
10/ For example, a validator with 1 million FTM staked would have the same power as twenty smaller validators, each with 50k FTM
10/ For example, a validator with 1 million FTM staked would have the same power as twenty smaller validators, each with 50k FTM staked ⚖️
And that wraps up this thread! For more detailed information, read the full article here:
15 Jan 2024, 16:16
9/ Finally, we want to clarify that lower staking requirements won't pose a security risk 🛡️
A validator's power to confirm TXs is proportional to their stake amount and not the number of validators a given person runs.
9/ Finally, we want to clarify that lower staking requirements won't pose a security risk.
9/ Finally, we want to clarify that lower staking requirements won't pose a security risk 🛡️
A validator's power to confirm TXs is proportional to their stake amount and not the number of validators a given person runs.
15 Jan 2024, 16:16
7/ Still, we expect the existing large validators to continue being the majority of the 2/3 validators needed for a TX to be finalized, at least in the short term 💻
As such, even if many small validators entered the Fantom network right now, performance wouldn't be impacted.
7/ Still, we expect the existing large validators to continue being the majority of the 2/3 validators needed for a TX to be fin
7/ Still, we expect the existing large validators to continue being the majority of the 2/3 validators needed for a TX to be finalized, at least in the short term 💻
As such, even if many small validators entered the Fantom network right now, performance wouldn't be impacted.
15 Jan 2024, 16:16
6/ With these points in consideration, we don't believe more validators will slow down Fantom.
As long as new validators are running on quality hardware, the network will be more secure and won't see any downgrade in performance as it maintains the 1–2 second time to finality 🚀
6/ With these points in consideration, we don't believe more validators will slow down Fantom.
6/ With these points in consideration, we don't believe more validators will slow down Fantom.
As long as new validators are running on quality hardware, the network will be more secure and won't see any downgrade in performance as it maintains the 1–2 second time to finality 🚀
15 Jan 2024, 16:16
5/ So, how will a validator increase impact Fantom? Three things:
🔒 A more secure network
⚡️ Submitted TXs will reach a validator faster as there are more from which to choose, resulting in faster TX bundling
🕒 It may take more time for a TX bundle to reach 2/3 of validators
5/ So, how will a validator increase impact Fantom. Three things:. A more secure network.
5/ So, how will a validator increase impact Fantom? Three things:
🔒 A more secure network
⚡️ Submitted TXs will reach a validator faster as there are more from which to choose, resulting in faster TX bundling
🕒 It may take more time for a TX bundle to reach 2/3 of validators
15 Jan 2024, 16:16
4/ As a TX bundle is shared across validators in the network, it's finalized into the Fantom blockchain after 2/3 of validators receive it and agree on its TXs ⛓️
That's the basics of Fantom consensus. Read here for a more detailed explanation:
4/ As a TX bundle is shared across validators in the network, it's finalized into the Fantom blockchain after 2/3 of validators
4/ As a TX bundle is shared across validators in the network, it's finalized into the Fantom blockchain after 2/3 of validators receive it and agree on its TXs ⛓️
That's the basics of Fantom consensus. Read here for a more detailed explanation:
15 Jan 2024, 16:15
3/ Secondly, we need to understand how Fantom achieves consensus. Here's a quick explanation:
On Fantom, validators confirm transactions (TXs) on their own and bundle them to share with other validators, as opposed to all validators confirming the same TXs, like on Ethereum 🌐
3/ Secondly, we need to understand how Fantom achieves consensus. Here's a quick explanation:.
3/ Secondly, we need to understand how Fantom achieves consensus. Here's a quick explanation:
On Fantom, validators confirm transactions (TXs) on their own and bundle them to share with other validators, as opposed to all validators confirming the same TXs, like on Ethereum 🌐
15 Jan 2024, 16:15
2/ Firstly, it's important to know that a key priority for any decentralized network is to increase the number of validators running the network.
By having more validators, a network makes it increasingly challenging for malicious actors to launch an attack 🔑
2/ Firstly, it's important to know that a key priority for any decentralized network is to increase the number of validators run
2/ Firstly, it's important to know that a key priority for any decentralized network is to increase the number of validators running the network.
By having more validators, a network makes it increasingly challenging for malicious actors to launch an attack 🔑