#FantomFoundation, #FTMToken, #FantomNetwork, #CryptoCurrency, #CryptoSecurity, #TokenStaking, #BlockchainTechnology, #ValidatorNodes
In a significant move, the Fantom Foundation made a strategic decision in the interest of scaling their ecosystem. In 2023, a vote was held to decide if the requisite minimum staked tokens should remain at 500k FTM tokens or be decreased by 90%. Although this proposition was initially put forward in February 2022, it wasn’t put to vote until later and has only recently been implemented.
Post extensive research, testing, and groundwork, the ecosystem embraced the change. As a result, the validator self-stake requirement reduced dramatically from 500k to 50k FTM, thus rendering the process of running a Fantom validator considerably more accessible than before. Existing rules dictate that one requires approximately $19,650 worth of FTM to operate a validation node on the Fantom network. While it is true that the barrier to entry has receded with these changes, the developers stress that this move will serve to solidify the network’s resilience instead of undermining it.
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