Fantom Network has significantly lowered the threshold for validators, reducing the required assets for a self-staking node from 500,000 FTM to 50,000 FTM. The company announced this change on social media, emphasizing the move's impact on decentralization and the network's overall accessibility.
By reducing the requirements for node operators, Fantom aims to enhance its decentralized ecosystem and protect against potential malicious attacks. The company believes that increasing the number of validators running the network makes it more challenging for malicious actors to launch an attack.
Unlike Ethereum, Fantom Network employs a system where validators confirm and bundle transactions before sending them to others for agreement. With more validators, transactions can reach consensus faster, addressing concerns about slow and clustered systems.
Fantom Network is striving to position itself as a future-proof decentralized network, aiming to prevent a concentration of power in the hands of a few validators. The platform anticipates that new validators will be able to join and contribute significantly to the network, with larger validators projected to handle the majority of transactions to ensure stability.
Additionally, the company has dismissed concerns about a downgrade in onboarding new validators, stating that performance will not be affected by the new development. The cost of becoming a validator has now dropped to approximately $25,000, with FTM trading at $0.40 at the time of the announcement.
