Quote:
Originally Posted by afc wimbledon
are the validator nodes used for something other than maintaining the function of the currency, something external that generates revenue from doing something useful that has sod all to do with the crypto itself?
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They are currently running in a parallel testnet and simply just re-affirming the transaction processes miners handle, but upon 2.0 launch miners will be terminated from the process.
Functionally, the validators confirm (validate) any transactions that occur on the Ethereum network, which is a host of 100,000+ tokens and the majority of the NFT chain.
You can argue a lot about the validity of the network (of those tokens, I'd say only ~200-300 see a lot of use and trading, and while NFTs have a solid use-case for contract hosting and proof of ownership they are mostly relegated to being a joke of people "owning" JPEGs), but it is massive and is the functional backbone for a majority chunk of crypto used today.