FastexChain is proud to announce the launch of its mainnet with the opportunity for users to become validators at the earliest stage. Validators play a critical role in ensuring the security of the FastexChain network by participating in block creation and validation mechanisms.
To become a validator, individuals will need to deposit at least 8192 FTN onto the staking smart contract, run the execution and consensus clients, and set up a validator node. In addition, those who deploy smart contracts on FastexChain will be eligible for activity accumulation, which increases their chances of earning block validation rewards.A validator is a complete member of Fastex Chain who provides the smooth operational process of the network. That’s why the validators get awards from the network, performing the same function in PoS as the mainer in PoW mechanism.
The minimum hardware/cloud server requirements for becoming a validator are the following:
– A 64-bit Linux operating system.
– 4+ cores at 2.8+ GHz.
– 16GB+ RAM.
– An SSD with at least 200GB of free space (1TB recommended).
– 8 MBit/sec broadband.
FastexChain requires at least 4096 validators for the mainnet launch, which is crucial for network security. To incentivize early adoption, the first 4096 validators will have the opportunity to acquire 5% of the required deposit amount for staking purposes from FastexChain.
About FastexChain
Fastex Chainn is an EVM-based public blockchain that introduces a new, fair approach to block validation rewards distribution. Fastex Chain is an accessible solution that can significantly boost the adoption of web3 businesses and help them experience the benefits of a distributed economy.
Disclaimer: Not investment advice.
