Fantom Slashes Validator Staking Requirements by 90%, FTM Prices Unchanged
Summary
Fantom (FTM) has reduced the validator requirements for running a self-staking node on its network by 90%. The staking requirement has been lowered to 50,000 FTM, equivalent to just under $20,000, from the previous 500,000 FTM. Validators, who lock a certain amount of tokens to process network transactions and maintain security, confirm transactions individually on Fantom, unlike on Ethereum where all validators confirm the same transactions. The reduction in cost to run a validator node is expected to improve network security by making the network more distributed and making it harder for malicious actors to launch attacks. The price of FTM remained unchanged following the announcement.
