Validators

Empowering Consensus and Security

In CHADCHAIN, validators play a crucial role in maintaining the integrity and security of the blockchain. As participants responsible for block validation, their collective efforts contribute to achieving consensus and confirming transactions.

Validators are tasked with proposing and validating new blocks within the CHADCHAIN network. Their primary responsibility is to verify the legitimacy of transactions and ensure that they adhere to the protocol rules. By doing so, validators enable smooth and efficient transaction processing, enhancing the overall user experience.

CHADCHAIN adopts the Proof of Authority (PoA) consensus mechanism, where validators are selected based on their reputation, expertise, and trustworthiness. Unlike Proof of Work (PoW) or Proof of Stake (PoS), where the selection process is based on computational power or token holdings, PoA provides a more efficient and centralized approach.

In the PoA system, a fixed set of validators, often referred to as the "authority nodes," are appointed to participate in block validation. Each validator takes turns proposing new blocks in a predefined order. This rotation ensures equal opportunities for all validators to participate in block creation and maintain network security.

To become a validator on CHADCHAIN, participants must hold a minimum of 15,000 C2.0 tokens. This requirement ensures that validators have a significant stake in the network and are incentivized to act in its best interest.

Validators are incentivized to perform their duties honestly and efficiently. By contributing to the consensus process, validators earn rewards, typically in the form of transaction fees or native tokens. As active participants in the network, they are motivated to maintain the blockchain's integrity and reputation, as their standing within the ecosystem directly impacts their rewards.

Validators in CHADCHAIN play a pivotal role in ensuring the security and efficiency of the network. Through the PoA consensus mechanism, they uphold a transparent and trustworthy environment, making CHADCHAIN a robust and reliable platform for its community. With the requirement of holding 15,000 C2.0 tokens, validators are invested stakeholders, further strengthening the decentralization and inclusivity of the ecosystem.