Nominators play a crucial role in a blockchain network that uses the Nominated Proof-of-Stake consensus mechanism. Nominated Proof-of-Stake is used in blockchains such as Polkadot and Kusama.
Who Or What Are Nominators?
Nominators are participants in the staking subsystem of the Polkadot ecosystem. They appoint their stake to validators on the network. By doing this, they can select the active set of validators and share the rewards that are paid out. Compared to validators, nominators’ role in the Polkadot ecosystem is passive. A validator is an active participant in the network, supporting block production and finality mechanisms. Unlike validators, nominators don’t need to run a node or worry about online uptime.
However, nominators have other responsibilities, such as performing due diligence on the validators they elected. When nominating validators, a nominator must pay attention to their own reward percentage and the risk of slashing in the event that thei
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