News
Solana devs and validators have worked together to patch up a critical security issue, but this speedy fix didn’t come without criticism over the network’s centralization.
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Validator News
A validator is a person or entity in charge of verifying blockchain transactions. Transactions are added to the distributed ledger after the blockchain validator has gone through the official process of validating them.
In systems using the proof-of-work (PoW) algorithm, such as Bitcoin, miners (acting as validators) solve challenging computational arithmetic problems to earn the ability to validate transactions and collect rewards for their work. On the other hand, in proof-of-stake (PoS) systems, validators receive incentives when they stake the network’s token and correctly engage with the network, such as with Avalanche and its AVAX token. By requiring value to be locked up in the network to take part in the consensus decisions, this approach aids in network security.
In the PoS version of Ethereum, a validator on the Beacon Chain participates in Ethereum network consensus and is represented by a balance, public key and other features. The validators must stake at least 32 ETH to participate in the validation process. However, they can use pooled staking services if they don’t have 32 ETH but still want to earn block rewards by properly batching transactions into new blocks.
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DeFi Development Corp is seeking to raise more capital for its Solana treasury and operational expenses.
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Solana briefly overtook Ethereum in terms of staked token value, but there’s debate whether this is a bullish or bearish milestone.
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Solana is celebrating its fifth year since its genesis block was created on March 16, 2020. Here are five developments that have helped shape the last five years of Solana.
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Ethereum researcher “Malik672” has proposed a solution to democratize Ethereum’s block proposer process, which they claim would also eliminate MEV at the block level.
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A Solana price recovery could lag Bitcoin and altcoins. Cointelegraph explains why
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Ripple’s technology chief, David Schwartz, said the firm is investigating after its XRP Ledger stopped for just over an hour on Feb. 4.
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Learn how Stellar (XLM) enables seamless transactions, promotes financial inclusion, and supports a decentralized digital economy.
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Validators are the backbone of PoS blockchains, but centralization and compromises can threaten their integrity, security and user trust
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Ethereum core developer Eric Connor said increasing gas limits could result in a 15% to 33% reduction in transaction fees.
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Google Cloud will contribute to Cronos’ decentralization and security, along with other notable validators like Crypto.com and Blockdaemon.
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Some analysts don’t see this as a centralization concern due to the Ethereum network’s underlying builder-proposer architecture.
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Institutional interest is increasing thanks to the capital efficiency introduced by restaking and liquid staking.
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A consortium of big crypto companies, including Coinbase, has just launched a new certification scheme for Ethereum node operators called NORS.
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The Canto blockchain has gone down again after briefly resuming. The team is currently working on a fix for the newly emerged issue.
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