With the Sahara mainnet launch, the complete suite of Web3 products within the Fastex ecosystem, including ftNFT marketplace, Fastex Verse and FastexPay, will be migrated to the Bahamut Chain, and Fasttoken will become the native currency of the whole ecosystem.How to become a validator on a PoSA blockchain
Validators, users who ensure the security and sustainability of a blockchain by confirming on-chain transactions, are required to stake at least 8.192 FTN to become eligible for selection. The Bahamut Chain has an execution layer and a consensus layer on its Sahara mainnet, so users need to run both the execution and consensus clients and set up a node to become a validator.
While PoS validators are chosen based on the amount of staked crypto, the PoSA picks validators based on not only their staked crypto, but also their level of smart contract activity on the blockchain. Therefore, validators have incentives to validate transactions correctly. To keep validators’ work in check, the PoSA blockchain also has a penalty mechanism that punishes malicious acts by seizing staked crypto.
Businesses can develop their DApps on the Bahamut Chain with fast transactions and better scalability while benefiting from the same staking and activity rewards in the meantime. By adding activity rewards to incentivize validators, aims to provide a secure and sustainable blockchain to act as the underlying technology for a thriving Web3 ecosystem.Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.