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Which cryptocurrencies rely on validators for transaction validation?

avatarMudasser Moin ShohanDec 17, 2021 · 3 years ago1 answers

Can you provide a list of cryptocurrencies that rely on validators for transaction validation?

Which cryptocurrencies rely on validators for transaction validation?
Cryptocurrencies
Validators
Transaction Validation

1 answers

  • avatarDec 17, 2021 · 3 years ago
    Absolutely! Here are some cryptocurrencies that rely on validators for transaction validation: 1. Ripple (XRP): Ripple's network relies on a set of trusted validators to validate transactions and maintain consensus. 2. Stellar (XLM): Stellar's consensus algorithm involves validators who agree on the validity of transactions. 3. Cardano (ADA): Cardano's proof-of-stake mechanism relies on validators to validate transactions and secure the network. 4. Tezos (XTZ): Tezos uses a delegated proof-of-stake consensus algorithm, where validators, known as bakers, validate transactions and participate in block creation. These are just a few examples, and there are other cryptocurrencies that also rely on validators for transaction validation.

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