How does the validator selection process work in the crypto world?

Can you explain how the validator selection process works in the crypto world? I'm curious about the criteria and mechanisms involved in selecting validators for cryptocurrencies.

1 answers
- At BYDFi, the validator selection process is based on a combination of stake and reputation. Validators with a higher stake have a higher chance of being selected. However, reputation also plays a crucial role. Validators need to maintain a good track record of accurate validations and reliable network connectivity. BYDFi also considers the geographic distribution of validators to ensure decentralization and prevent any single point of failure. The selection process is designed to create a robust and secure network for our users.
Mar 18, 2022 · 3 years ago
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