Governance voting: Increase active FXCore validator capacity from 20 to 50
Great news everyone!
The voting is up for the proposal to raise the ACTIVE VALIDATOR CAPACITY ON MAINNET FROM 20 TO 50! The more the number of active validator nodes open up to the public, the more decentralized Function X network will be. The voting period ends in 2 weeks so do cast your votes! I have, have you?
This proposal is especially important for those who wish to become validators. Increasing the active validator capacity will drastically increase your chances of becoming an active validator.
Here is the timeline:
A lower self-delegation limit to set up a validator node
Additionally, the self-delegation limit for validators is 100FX.
The reason being to set up a validator node is proven to require quite a high level of technical skills to set it up and an in-depth knowledge of our proprietary blockchain technology. This hurdle filters out potential bad actors and ensures the validators are set up by members of the community who are serious and dedicated to our project.
With the technical hurdle and a lower self-delegated FX limit, we will be able to achieve our goal of decentralization, and yet maintain network security and stability.
Vote now! We look forward to building Function X the best decentralized blockchain ecosystem with you together.
Link to the proposal: https://explorer.functionx.io/fxcore/proposals/5
Link to the forum: https://forum.functionx.io/t/governance-voting-increase-active-fxcore-validator-capacity-from-20-to-50/2072