Description: The validator set is the group of validators that are currently active and participating in the consensus process on a blockchain network. These validators are nodes that play a crucial role in the security and integrity of the blockchain, as they are responsible for validating transactions and adding new blocks to the chain. In the context of Proof of Stake (PoS) consensus mechanisms, validators are selected based on the amount of tokens they hold and are willing to ‘stake’ or ‘delegate’. This system not only encourages active participation from users but also ensures that validators have a financial interest in the proper functioning of the network. The validator set can vary in number and in the amount of tokens each has at stake, which influences their ability to be selected to validate blocks. The diversity and competition among validators are essential to maintain the decentralization and resilience of the network, preventing any single actor from having disproportionate control over the consensus process.
