How does a nominator contribute to the security of a blockchain network?

3 answers

• Manoj Kumar SoniSep 21, 2023 · 2 years ago
  A nominator is a participant in a proof-of-stake blockchain network who helps secure the network by selecting and supporting validators. By nominating validators, they contribute to the decentralization and security of the network. Validators are responsible for validating transactions and adding them to the blockchain. The more nominations a validator receives, the higher their chances of being selected to validate transactions. This system ensures that the network remains secure and resistant to attacks. Nominators play a crucial role in maintaining the integrity and security of the blockchain network.
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• Serdar AkyarNov 18, 2022 · 3 years ago
  Nominators are like the guardians of a blockchain network. They carefully choose validators who they believe will act honestly and in the best interest of the network. By nominating trustworthy validators, they help ensure that the network remains secure and free from malicious activities. Nominators also have the power to remove their nominations from validators who are not performing their duties properly or are acting against the network's rules. This active participation from nominators helps maintain the security and stability of the blockchain network.
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• Joshua DawsonJul 24, 2020 · 5 years ago
  As a nominator, your role is to select validators who you trust to validate transactions on the blockchain. By choosing validators who have a good track record and reputation, you contribute to the overall security of the network. Validators who receive more nominations have a higher chance of being selected to validate transactions. This selection process ensures that only reliable validators are chosen to maintain the security and integrity of the blockchain. So, as a nominator, your active involvement in selecting trustworthy validators directly contributes to the security of the blockchain network.
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