#DeFi Decoded: Bite-sized lessons for financial freedom 📚

**Validator**

A validator in the world of cryptocurrency is a crucial participant in a blockchain network, specifically in a Proof of Stake (PoS) consensus mechanism. Validators are responsible for verifying new transactions and blocks, ensuring that they adhere to the network's rules and that the sender has sufficient funds. They play a critical role in maintaining the security and integrity of the blockchain. Validators are chosen to validate transactions and create new blocks based on the amount of cryptocurrency they 'stake' as collateral. This staking process helps to ensure that validators act honestly, as they can lose their stake if they fail to validate transactions correctly or attempt to cheat the system. In return for their validation services, validators receive rewards, typically in the form of the network's native cryptocurrency.
$MOONEY #ToTheMoon is inevitable! 🚀🌚
#DeFi