About Validators
Chiliz Chain relies on the Proof of Staked Authority (PoSA) consensus mechanism, designed to ensure fast block times and cost-efficient transactions.
Advanced security features, including double-sign detection and slashing mechanisms, maintain the integrity, stability, and finality of the chain.
This consensus mechanism is primarily managed by two key roles:
the Validators, who are a critical part of the chain. They create and validate blocks in turns.
the Delegators, who allocate their CHZ to the validators' pools in order to participate in the governance of the chain and earn reward.
In Chiliz Chain, there can be a maximum of 12 block-creating validators. There can also be an unlimited amount of active validators which are not creating blocks, but are in the queue in case a block-creating validator goes offline or gets "jailed".
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