This page provides detailed information about the validators in the Format system. Validators are crucial components in maintaining the integrity and security of the network.
What are Validators? Validators are responsible for validating transactions and adding new blocks to the blockchain. They are chosen based on their commitment to the network and their ability to perform these tasks efficiently.
Role of Validators
- Transaction Validation: Validators ensure that all transactions are valid and conform to the network's rules.
- Block Creation: They create new blocks by collecting transactions and adding them to the blockchain.
How to become a Validator? To become a validator, one must meet certain criteria and undergo a selection process. This includes having a certain amount of Format tokens staked as collateral.
Validator Rewards Validators are rewarded for their contributions to the network. This includes block rewards and transaction fees.
Security Measures The Format network employs various security measures to protect against malicious activities. Validators are required to adhere to strict security protocols.
- Validator Diagram
For more information on the Format network and its validators, please visit our Format Network Overview.