Like other blockchains, Helium’s staking is centered around validating that the data and related ‘transactions’ are true. The Validators on the Helium Blockchain add new blocks to the blockchain every time they verify activity. The Validators and related staked 10,000 HNT play a critical role in the stability and success of the Helium Network. The staked HNT is put up as collateral and is forfeited if the validator is seen as a bad actor or shows poor performance around their required role. 25% of the Validators in the consensus group are ejected. That ejected 25% is replaced by available Validators. When performing their job correctly, they are rewarded with additional HNT.
- September 10, 2022
- IoT News