The Fantom Foundation lowers the staking requirements for validators to encourage broader participation
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.
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.
You may also like
Analysis: Bitcoin Poised to Reach $125,000 Based on Short-Term Holder Cost Basis
U.S. Spot Ethereum ETFs Saw Net Inflow of $6.22 Million Yesterday
Solana Ecosystem Advisor Nikita Bier Joins X as Head of Product
Data: Bitcoin rose 31.41% in the second quarter
Trending news
MoreCrypto prices
More








