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SUPERFINA (Financial Supermarket) Supermarket of Finance » Free TON Crystal: Blockchain Economics » Fundamentals of Economics in the Free TON Ecosystem » An overview of the economic aspects of the Free TON ecosystem » Ensuring high-quality operation of the Free TON network (Free TON Crystal EN)
Ensuring high-quality operation of the Free TON network
MEDCOДата: Середа, 21.07.2021, 20:43 | Повідомлення # 1
Generalissimo
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Статус: Оффлайн
Ensuring high-quality operation of the Free TON network

As noted earlier, a team of validators is working to ensure smooth and fast transaction processing. Their task is to carry out formal verification of blocks of information related to operations in the Free TON blockchain. To carry out validation activities, periodically competitions are held for their professional selection. Winners are usually provided with around 700,000 TON Crystal from the Free TON community to ensure validation.

However, this is not enough. In order to obtain the right to process the data, the validator must be selected. This is done by voting, which implies the temporary provision of tokens by Free TON participants for staking to the validator.

The validator and the staker earn their profit in proportion to the specified conditions.

Validators provide some of the free computing power, thereby providing a truly decentralized Free TON blockchain network.

It is profitable for the owners of Crystals who keep tokens in wallets for a long time to place their assets in staking. You should also remember about the risks of losing part or all of the staker's tokens in case of gross violations on the part of the selected validator.

Author:
Oleksandr Petrovich Overchuk
financial expert
LinkedIn
 
SUPERFINA (Financial Supermarket) Supermarket of Finance » Free TON Crystal: Blockchain Economics » Fundamentals of Economics in the Free TON Ecosystem » An overview of the economic aspects of the Free TON ecosystem » Ensuring high-quality operation of the Free TON network (Free TON Crystal EN)
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