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Overview

draft

This is a concept article. We're still looking for someone experienced to write it.

Wallets

To read more about wallets, feel free to check out the WALLET APPS section.

Run a node

To read more about nodes, feel free to check out the NODE TYPES section.

Validators vs Nominators

If you are familiar with cryptocurrencies, you must have heard about validators and nominators. These words often appear in crypto-related channels (our channel is no exception). Now, the time has come to find out what they are – the two major actors ruling the blockchain.

Validators

First, let's speak about validators. A validator is a network node that helps keep the blockchain running by verifying (or validating) suggested blocks and recording them on the blockchain.

To become a validator, you must meet two requirements: have a high-performance server and obtain a serious amount of TON (600,000) in order to make a stake. At the time of writing, there are 227 validators on TON.

Nominators

It's evident that not everyone can afford to have 100,000s of Toncoin on their balance – here's where nominators come into play. Simply put, the nominator is a user who lends his TON to validators. Every time the validator earns a reward by validating blocks, it is distributed between the involved participants.

Some time ago, Ton Whales ran the first staking pool on TON with a minimum deposit of 50 TON. Later, TON Foundation launched the first open nominator pool. Now, users may stake Toncoin in a fully-decentralized way, starting with 10,000 TON.

From TON Community post.