What is the difference from “Miners” and “Validator”?

Miners are cryptocurrency mining equipment operators who solve machine-generated cryptographic problems for a chance to write the next block on a blockchain and receive block rewards in the process and part of the transaction fees charged by users of the blockchain. It helps to protect PoW-based networks by ensuring that only one version of the “reality” exists and thus achieving consensus on a distributed network. This consensus process is generally regarded as expensive and inefficient of energy resources, but it has been widely accepted as the most stable and efficient consensus protocol to date.

In comparison, PoS “validators” assumes the role of “miners,” but they are only required to hold and “stake” a certain amount of PoS digital tokens or coins in order to participate in the validation process instead of running crypto mining machines. It reduces the cost of setting up the mining infrastructure including the associated risk of mining operations — fluctuating energy costs, shifting regulatory regulations, and fading and tearing mining equipment. It ensures that anyone interested in staking will be able to do so immediately as long as they meet the minimum required tokens and have these tokens “Staked.”

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