Description: Nominators are participants who delegate their stake to validators in a proof-of-stake (PoS) network. In this system, nominators play a crucial role by selecting and backing the validators responsible for creating new blocks and validating transactions on the blockchain. Unlike miners in a proof-of-work (PoW) system, where competition is based on processing power, in PoS, nominators choose validators based on their reputation and performance. This fosters a more efficient and sustainable ecosystem, as it reduces the energy consumption associated with mining. By delegating their stake, nominators can earn rewards in the form of tokens, allowing them to participate in the consensus process without needing to operate a full node. This model also promotes decentralization, as it enables users with fewer resources to contribute to the network’s maintenance. In summary, nominators are fundamental to the functioning of proof-of-stake networks, as their choice of validators directly influences the security and efficiency of the blockchain.
