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Amanda Hui's avatar

this post was so educational and concise - ty!

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Will Chadwick's avatar

For Proof of Stake - "Other validators check if the block is valid. If it is, all participating validators earn a transaction fee. If it’s not, the validator that created the block might lose its stake."

Aren't validators in this scenario just another type of middle man? Banks are the middle man today and take a transaction fee, and validators are doing the same to process the transaction. I'm sure that's an inaccurate analogy, but i'm not sure how.. How do you think about validators and transaction fees in relation to processes we have today?

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