Validators play two essential roles in maintaining the Cere network: participating in consensus to produce new blocks on the Relay Chain and verifying the information in assigned parachain blocks. They receive rewards in CERE and must adhere to specific requirements and responsibilities.
Validators have two crucial roles in maintaining the Cere network. First, they participate in consensus with other validators to produce new blocks.
In return for their work and performance, they receive rewards in the form of CERE. Their rewards come in two forms:
Should they not comply with the consensus algorithm (e.g., go offline, attack the network, or run modified software), they and their nominators will be punished by losing some or all of their staked CEREs. This is called "slashing" and is a way of discouraging bad actors in the network.
Becoming a validator requires some technical skills, a stake of CERE, as well as trust and support from the community in the form of nominations.