Fantom Reduces Wagering Requirements by 90% in Aim to Increase Security

THE Ghost Foundation waits THE changes will beef up Fantom's security without to slow down down THE network.

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THE Ghost Foundation has confirmed he has cut THE validator self-staking requirement on It is layer-1 blockchain Ghost by 90%, more that six month after having succeeded A governance vote.

In A Jan. 15 job on X, Ghost Foundation said THE changes were do "recently," following THE vote, which concluded In June 2023. THE changes see Ghost (FTM) staking threshold cut Since 500,000 FTM has 50,000 FTM, Currently value $19,500.

THE foundation said THE change will to strenghten Fantom's security while manufacturing he "more accessible that Never" has run A validator.

"By having more validators, A network makes he more and more difficult For malicious actors has launch A attack," THE foundation said on Jan. 15.

2/ First of all, It is important has know that A key priority For any of them decentralized network East has increase THE number of validators running THE network.

By having more validators, A network makes he more and more difficult For malicious actors has launch A attack

— Ghost Foundation (@FantômeFDN) January 15, 2024

Ghost validators function by grouping up transactions And sharing them with other validators. Purpose occurs When has less two-thirds of network validators reach A consensus.

THE foundation note that A validator increase would be result In submitted transactions reach validators faster as there would be be more has choose from.

But THE foundation Also preempted A potential concern by declaring that THE slight increase In validator count will not slow down THE Ghost network:

"As long as new validator....