The validators are at the heart of a blockchain network that integrates the role to maintain the ecosystem. By actively participating in transaction validation and consensus mechanisms, validators make the blockchain more trustworthy, improve network security, and ensure that recorded transactions are accurate. In this post, we discuss who these blockchain validators are, the various crypto validator types, and their importance in a crypto network!

What is a Blockchain Validator?

A participant in a blockchain network who checks and examines transactions or blocks is called a “blockchain validator.” They are essential to keeping the blockchain safe and secure, ensuring only valid transactions are added to the ledger. Validators can be chosen differently, such as by how much of the network’s original cryptocurrency they own.
Blockchain validators ensure that transactions are real and follow the network rules. They also stop bad actors from pulling moves like double-spending. Further, validators help reach a consensus by agreeing with other validators about whether transactions or blocks are acceptable.

How to Become a Blockchain Validator?

Follow these basic steps to become a crypto validator:
1. Choose a blockchain network: Choose a blockchain platform that uses a consensus method like Proof of Stake (PoS) that requires validators to maintain the system.
2. Acquire the native cryptocurrency: Get enough of the network’s original cryptocurrency, often needed as a stake to become a validator.
3. Set up a validator node: Follow the steps unique to each blockchain network to install the right software and set up a validator node on your computer or server.
4. Stake your cryptocurrency: Lock the native crypto you own as a stake, making it a part of the network. The process of staking will be different for each blockchain network.
5. Participate in the network: Once your validator node is up and running, you can actively participate in the validation process by checking transactions, proposing blocks, and coming to a consensus with other validators.
6. Keep up your good behavior: Follow the network’s rules and standards, be honest, and don’t take any steps that could lead to penalties or the loss of the cryptocurrency you’ve staked.
Remember that the exact process to become a blockchain validator can change based on the blockchain platform and its needs, so it’s essential to look at the documentation and community resources the blockchain network of your choice provides.