🚀 Validators are the backbone of PoS blockchains like Ethereum & Solana, helping to process transactions and secure the network. Unlike PoW, PoS uses staking to ensure integrity. 🤔
- Decentralization of validators helps make the blockchain fair, resistant to censorship & attacks. However, many factors such as software uniformity and concentrated staking can lead to centralization.
- The Hyperliquid Protocol faced issues due to centralization, causing disruptions and loss of trust. The price of HYPE token plummeted. 😬
- Solution: Diversify software, redistribute stakes, and build decentralized infrastructure. On-chain security and governance need to be reinforced.
What do you think about the role of validators in blockchain? Share your thoughts! 💬