What are validator reward structures in blockchain?
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What are validator reward structures in blockchain?
Validator reward structures are mechanisms that incentivize validators to participate in blockchain networks by rewarding them for their contributions.
How do these rewards differ between proof of stake and proof of work?
In proof of stake, rewards are typically based on the amount of cryptocurrency staked, while in proof of work, rewards are based on computational power used to solve complex problems.
Can you explain how slashing works in these systems?
Slashing is a penalty mechanism where a portion of a validator's stake is forfeited for misbehavior, such as double-signing or being offline.
What are the benefits of having a well-structured reward system?
A well-structured reward system encourages network security, promotes active participation, and aligns the interests of validators with the network's health.
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