As the Core ecosystem continues to evolve and grow, there is a continuous need for efforts to ensure that the network remains decentralized, secure, and robust. As part of this need, Core Foundation is glad to announce the passing of the Core DAO community-approved CIP-2 proposal, which will expand the Core blockchain active validator set from 21 to 31 by Q2 of 2025.
Following the first phase of successful expansion of the Core blockchain’s active validator set from 21 to 23, as per the community approved CIP-2, there were multiple applicants for Core Validator seats. Building on the community’s enthusiasm, Core Foundation is pleased to announce on behalf of the DAO the next phase of the Core blockchain validator set expansion. In accordance with the CIP-2, the active validator set will gradually increase from 23 to 31 by Q2 2025, further strengthening decentralization and reinforcing the security and resilience of the Core ecosystem.
Background
Validators are the backbone of the Core blockchain, responsible for securing the network, validating transactions, and producing blocks. As the Core ecosystem continues to expand, it is essential to increase the diversity and number of validators to maintain network resilience and meet the growing demands while ensuring a decentralized structure. Based on this requirement, CIP-2 was proposed to the community which outlined the need for validator set expansion from 21 to 31 over a period of 12 months, resulting in approval by the community with overwhelming support.
Strengthening Core Through Validator Growth
This step of validator expansion from 23 to 31 marks the next phase of the Core’s community-approved CIP-2 proposal highlighting the efforts to foster a more decentralized and secure network. This is to invite interested community members to apply for this opportunity to become a part of Core’s active validator set. By increasing the number of validators, Core contributors continue to distribute the responsibility of block production across a broader base, further solidifying the network’s integrity.
Benefits of Validator Expansion
- Enhanced Decentralization: A larger validator set means greater distribution of power, reducing the influence of any single entity and enhancing the network’s security.
- Strengthened Network: More validators contribute to the overall resilience and stability of the Core blockchain, ensuring its continued robustness as the ecosystem grows.
- Institutional Participation: This expansion opens the door for more reputable institutions to join the Core network as validators, further enhancing the credibility and reliability of the network.
Call to Action
Core Foundation encourages all community members to participate in this expansion. Interested candidates can express their interest by directly participating in the discussion on this post by dropping their comments below for better community visibility. This is a unique opportunity to contribute to the future of BTCfi and be part of a rapidly growing ecosystem.
Conclusion
Expanding the active validator set from 23 to 31 is a crucial step in the ongoing efforts for enhancing the decentralization and security of the Core blockchain. Looking forward to welcoming new validators into the Core ecosystem with confidence that this initiative will contribute to the long-term success and stability of the Core ecosystem.
Thank you for your continued support and participation.