A protocol validator is a participant in a blockchain network responsible for verifying and confirming transactions according to the rules of the network’s protocol. Validators play a crucial role in maintaining the integrity and security of the blockchain.In Proof of Stake (PoS) systems, for instance, validators are chosen based on the number of coins they hold and are willing to “stake” as collateral. They are rewarded with new coins or transaction fees for their work in validating blocks, which are groups of transactions.By ensuring that transactions meet the network’s criteria, protocol validators help prevent fraud and maintain trust among users. Their actions directly impact the network’s performance, security, and overall stability.In some networks, multiple validators must reach consensus before a transaction is considered valid, adding an extra layer of security. As the blockchain evolves, the role and importance of protocol validators continue to grow, shaping the future of decentralized systems.
Bank of Japan Weighs Additional Rate Hikes as Inflation Persists
The Bank of Japan will continue to raise interest rates if economic and price trends progress as expected, Deputy Governor