What Is Avalanche?
Avalanche is a blockchain platform that allows people to build decentralized applications and financial systems. It boasts several advantages in comparison to other blockchains. To name a few:
It is highly scalable, capable of handling a large number of transactions quickly
Transactions on Avalanche are confirmed rapidly, ensuring fast transaction finality
Developers have the ability to customize the platform through subnets, creating customized blockchains
What are Validators?
Validators in Avalanche can be thought of as an essential part of the network infrastructure. They form the backbone of the consensus mechanism and contribute to the functioning and security of the blockchain network. Validators are responsible for ensuring that the transactions added to the blockchain are valid, adhere to the consensus rules, and are in agreement with the state of the network.
How do Validators Earn?
Validators are given rewards for staking the network’s token (AVAX) and correctly participating in the network.
Paying 7.96% in AVAX (As of 07/31/2023)
If you have the extra computing power and network resources available, you can lease or rent them out to DApps on the Avalanche network. By doing so, you can earn money or other rewards in return.
Equity incentives from new businesses on chain