Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
The Fantom Foundation lowers the staking requirements for validators to encourage broader participation

The Fantom Foundation lowers the staking requirements for validators to encourage broader participation

2024/01/16 01:25

The Fantom Foundation announced on platform X that Fantom has recently reduced the validator self-staking requirement from 500,000 FTM to 50,000 FTM according to governance voting. This is aimed at making it easier for a wider range of participants to play the role of validators on the network.

By having more validators, the network makes it increasingly difficult for malicious actors to launch attacks. In addition, submitted transactions will reach validators faster as there are more options available, leading to quicker transaction bundling.

Even if many small-scale validators now enter the Fantom network, performance will not be affected. The Fantom Foundation clarified that lower staking requirements do not pose a security risk; the power of validators in confirming transactions is proportional to their stake amount rather than being proportional to the number of validators run by an individual.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!