Fantom Cuts Staking Requirements By 90% in a Bid to Bolster Security

Fantom Cuts Staking Requirements By 90% in a Bid to Bolster Security

Back in June of 2023, the Fantom Foundation held a vote to determine whether the network should maintain its minimum staked token requirement at 500k FTM tokens or slash it by 90% in a bid to increase the spread of the ecosystem.
The change had first been proposed in February 2022 but wasn’t voted on until much later and only implemented recently.
Increase in Security, Possible Drop in Performance
Now that the necessary legwork and preparations have been carried out, the changes have gone live.
1/ Based on a governance vote, we recently reduced the validator self-stake requirement from 500k to 50k FTM, making it more accessible than ever to run a #Fantom validator.
But we’ve been asked:
“How does an increase in validators impact Fantom?”
Well, let’s find out pic.twitter.com/H8AfnT5Itv
— Fantom Foundation (@FantomFDN) January 15, 2024

In order to run a validation node on the Fantom network, you would currently need about $19,650 worth of FTM, according to CoinGecko.
The de

Czytaj więcej

We współpracy z: https://cryptopotato.com/fantom-cuts-staking-requirements-by-90-in-a-bid-to-bolster-security/

Total
0
Shares
Dodaj komentarz

Podobne Wpisy