What is a blockchain validator?

Validator is a blockchain participant who:

• Verifies transactions and adds them to the blockchain

• Maintains network consensus

• Protects the blockchain from attacks

• Keeps the network running smoothly

• Processes smart contract operations

• Ensures data consistency

Validator Responsibilities

• Transaction Validation Verify and process transactions on the network

• Block Creation Create new blocks with validated transactions

• Network Security Protect against malicious activities and attacks

• Consensus Participation Help maintain network agreement on transaction validity

• Network Maintenance Ensure smooth operation of the blockchain

How Validators Work

1. Transaction Verification Check transaction validity and authenticity

2. Block Creation Group valid transactions into blocks

3. Consensus Participation Vote on block validity with other validators

4. Reward Distribution Earn fees from transaction processing and staking

Validator Requirements

• Technical Infrastructure High-performance hardware and stable internet connection

• Stake Amount Minimum required tokens to participate

• Uptime Consistent network availability

• Technical Knowledge Understanding of blockchain technology

Validators are essential for maintaining the functionality and security of blockchains that use the PoS (Proof-of-Stake) mechanism. They earn rewards for their work in the form of commission from staking.

MyTonWallet is one of the biggest validators in the TON network, which means the wallet actively participates in maintaining and developing the TON blockchain, ensuring its security and stability.

Validators play a crucial role in blockchain security and decentralization. Their performance directly affects network reliability and transaction processing speed.

Choose validators carefully as they handle your staked assets. Look for validators with proven track records and reliable infrastructure.