DongdaemunTrendsetterStyleIconTrendTue Oct 22 2024|5 answers1358
I'm curious about the Telos network and would like to know the number of validators it currently has. Could you please provide me with this information?
The decentralized Proof of Stake (DPoS) consensus mechanism employed by Telos revolves around a CORE group of 21 "active" validators. These validators play a pivotal role in the network's security and functionality.
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LorenzoWed Oct 23 2024
The process of selecting these validators is democratic and decentralized, with the choice ultimately resting in the hands of Telos stakeholders. Stakeholders are individuals or entities who have invested in Telos by holding its native cryptocurrency, TELOS, and are thus entitled to participate in the governance of the network.
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DigitalDukedomWed Oct 23 2024
By staking their TELOS tokens, stakeholders can vote for their preferred validators. The validators who receive the most votes are then selected to become part of the 21-member validator set. This mechanism ensures that validators are accountable to the community and have a vested interest in maintaining the health and stability of the network.
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GiovanniWed Oct 23 2024
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