Decentralization is a cornerstone of any secure and resilient Distributed Ledger Technology (DLT) network, and Waterfall is no exception. By rapidly expanding its validator base — from 2,048 to an impressive 7,409 after just a couple of months — Waterfall demonstrates a strong commitment to becoming more decentralized.
Why Decentralization Matters for DLT
Decentralization is fundamental for the integrity and security of any DLT network. It eliminates single points of failure, ensuring that control isn’t concentrated in the hands of a few entities. A decentralized network is more resilient to attacks, as decisions are made collectively by a large number of participants (validators). This also increases trust, as users know that no single party has disproportionate control over the network. In a decentralized system like Waterfall, each validator contributes to the overall health, transparency, and fairness of the network, safeguarding it against malicious actors or collusion.
Simplifying Validator Deployment
Waterfall is focused on making validator deployment as accessible as possible to a broad audience, believing that the more validators there are, the stronger the network's decentralization becomes. The network provides three straightforward methods to set up a validator: 1. Infrastructure Providers: Waterfall’s native applications for macOS and Windows offer a simple way for users to deploy validators on an infrastructure provider. 2. Cloud-based Services: For those who prefer the reliability of cloud infrastructure, several providers support Waterfall validators. 3. Docker: For advanced users, deploying a validator through Docker offers flexibility and control. With low hardware requirements — just a CPU with 2 cores and 4 GB of RAM — Waterfall makes it easy for anyone to participate, encouraging wider adoption and ensuring the network’s ongoing decentralization.
Earning Rewards as a Validator
Beyond its accessibility, being a validator on Waterfall’s network is also financially rewarding. Validators earn a competitive Annual Percentage Rate (APR), making it an attractive opportunity for those contributing to the network’s security and stability.
In conclusion, decentralization is key to the security and integrity of DLT, and Waterfall is leading the way by creating a network where anyone can contribute, reinforcing its mission of fairness, transparency, and resilience.
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