Core Validator

Understand essential crypto terminology relevant to a Corporate Code of Conduct, ensuring compliance and fostering ethical practices in digital finance.

A Core Validator is an essential component in many blockchain networks, primarily those using proof-of-stake or similar consensus mechanisms. These nodes are responsible for verifying and validating transactions within the network.Core Validators are typically chosen based on their stake in the network, meaning they hold a certain amount of the native cryptocurrency, which gives them a vested interest in maintaining the integrity and security of the blockchain. They contribute by creating new blocks, confirming transactions, and ensuring that the rules of the network are followed.Being a Core Validator often requires running a full node, which means maintaining a complete copy of the blockchain and participating actively in the consensus process. Validators earn rewards for their work, usually in the form of the network’s cryptocurrency. This incentivizes them to act honestly and to participate consistently.Overall, Core Validators play a crucial role in maintaining the functionality and security of the network, helping to protect against fraud and ensuring that transactions are processed efficiently.

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