Fantom Cuts Validator Staking Requirements by 90%

Move aimed at bolstering network security, FTM prices remain stable

Fantom (FTM) has reduced the validator requirements for running a self-staking node on its network by 90%.
The staking requirement has been cut to 50,000 FTM, currently worth just under $20,000, from 500,000 FTM.
Validators are entities that lock a certain amount of tokens to process network transactions and maintain network security.
A lower cost of running a validator node can make the network more distributed, thus improving network security.
FTM prices remain unchanged as of early European trading hours.