Validators: Attributes
Validators are GSMA Mobile Network Operators (MNOs) who stake TEL for proof-of-stake consensus (PoS) and manage validator nodes to produce, verify blocks of transactions to Telcoin Network, and earn TEL gas fees and TEL issuance when they secure blocks to the blockchain.
Validators are one of four Miner Groups that share equal authority in Telcoin governance. An individual validator’s political power is based on their pro-rata share of TEL staked for PoS versus other validators.
Validators: Number of ActorsThere are 667 GSMA Operator Member MNOs who are eligible to participate in the role.Validators: Socioeconomic AttributesValidators are GSMA Operator Member MNOs who manage nodes on Telcoin Network. They have a global reach and operate mobile networks all across the world. Their existing customers include all mobile phone users, and they earn gas fees and TEL issuance from block production....Validators: Technology UsedValidators use TEL to consume platform services, stake TEL as a production input to participate in PoS consensus and earn TEL rewards, use staked TEL as political power to propose and vote in governance, use a governance-approved wallet address to interact with the blockchain...Validators: Social CapitalThe GSMA, business partnerships, customer networks, regulatory relationships, employee networks, online and social media presence, other validators and other miner groups serve as social capital for Validators.