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0.01 ETH or less, through decentralized staking pools. But your main argument is wrong: validators do not control the network. Users running node software do.
by zeroclip 4y ago
0.01 ETH or less, through decentralized staking pools.
But your main argument is wrong: validators do not control the network. Users running node software do. Running a node is free. If a single validator began to exert unwanted control, the honest majority of non-rich users could slash or evict them.
- Cameri 4y agoWhat prevents the rich validators from slashing non-rich users so they don't lose their majority?
- zeroclip 4y agoIt’s not the majority of stake that controls the chain, it’s the majority of honest users. Rich validators can collude to have 51% staking power and start to exert unwanted force, like censoring blocks for their own profit or doing something else unwanted, but the majority of honest users can decide to coordinate a soft fork and point their clients at a new chain. The controlling validators will only be rich on the old chain.