Cryptocurrency Q&A
How do validators get paid?
How do validators get paid?
Ilaria
Thu Dec 26 2024
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5 answers
1241
I'm wondering how validators, who are responsible for verifying transactions on a blockchain network, receive their payments. Is it through transaction fees, block rewards, or some other mechanism?
5 answers
Lorenzo
Fri Dec 27 2024
The more era points a validator collects, the higher their proportionate payment will be at the end of each era.
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Dario
Fri Dec 27 2024
In Kusama, an era spans approximately six hours, while in Polkadot, it lasts for 24 hours.
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Caterina
Fri Dec 27 2024
During each era, validators are rewarded based on the number of era points they have accumulated.
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Chiara
Fri Dec 27 2024
Era points serve as reward points for validators who perform payable actions.
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GangnamGlitzGlamourGloryDays
Fri Dec 27 2024
One of the payable actions that validators can perform is issuing validity statements for parachain blocks.
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