💥 ✨ More Validator Nodes = More Power for the People! ⚡🌍$SOL $ALGO $SUI
The strength of blockchains begins with decentralization, and validator nodes are the foundation! Here’s a quick recap of validators in different networks:
ALGO: ~3,700 nodes 🟢
SOL: ~1,400 nodes 🟣
SUI: ~100 nodes 🔵
Solana:
* Role: Verify transactions, secure the network, decentralize, and participate in governance.
* Requirements: Staking SOL, specific hardware and software, and technical skills.
* Rewards: Staking rewards and transaction fees.
* Information: Solana Validator, Solana Compass, Validators.app, Solanabeach.io.
Algorand:
* Role: Validate transactions, secure the network, participate in Pure Proof-of-Stake (PPoS) consensus, and maintain the ledger.
* Requirements: Any account with a minimum balance (for basic node), recommended hardware for consensus nodes.
* Rewards: Rewards for proposed blocks and transaction fees included in those blocks.
* Types of Nodes: Relay (communication), Consensus (validation and consensus), Archive (full history).
* Information: Algorand Developer Documentation, Algorand website.
Sui:
* Role: Process transactions, participate in consensus, and secure the network.
* Requirements: Recommended hardware and a minimum stake of 20 million SUI to remain active.
* Rewards: Fees from staking rewards (initially include subsidies and gas fees).
* Information: Sui Network website, documentation for validator node operators, Imperator.co.
In essence, validators are crucial participants in these blockchains, responsible for security, transaction verification, and, in many cases, governance, in exchange for rewards. The requirements and reward mechanisms vary across the three platforms.