[Community Review] Pre-discussion: 4th NumbersDAO voting topic community review

[sofiayan0523]

Topic: Should Numbers look to open up the validator set and implement delegated PoS?

Overview

Today, we embark on a journey of exploration and discussion surrounding an important decision that lies at the heart of our decentralized ecosystem. We are here to deliberate on the question of whether Numbers should open up its validator set to the wider community.

At Numbers Protocol, we deeply value our community and the principles of decentralization. Our shared vision is to build a robust and resilient network that empowers its participants, enables secure transactions, and fosters trust. The selection of validators plays a critical role in achieving these goals within a proof-of-stake blockchain. Currently, our validator slots are permissions and limited to Numbers partners. However, we believe it is time to open up the discussion and consider the advantages and challenges of embracing a more inclusive approach.

This article will examine the pros and cons of allowing access to the current permission Numbers blockchain validator set and implementing a delegated proof-of-stake (PoS) mechanism, similar to other prominent layer-1 blockchains. We aim to provide you with an impartial analysis that equips you with the necessary information to understand the dialogue that will take place during the upcoming DAO meeting. Remember, this article is not meant to sway your opinion but rather to foster dialogue and broaden our collective understanding.

So, let us delve into the intricacies of decentralizing the validator set and explore its potential impact on our community, protocol, and Numbers' future.

Decentralizing the validator set

Before diving into the discussion around decentralizing the validator set, first, we will outline what a validators role is within a proof-of-stake blockchain:

In Proof of Stake blockchains, validators are selected to produce the next block based on their stake in the network token. These validators will stake some of NUM tokens and run software that allows them to produce and approve blocks. Although often designed with random functions to prevent a front-running consensus, a larger amount staked by a validator could give them a higher chance of producing the next block. Proposed blocks by validators are then propagated to the rest of the set, who verify and add the approved block to the blockchain.

In the current implementation of the Numbers Blockchain, these validator slots are permissions and only accessible to Numbers partners.

Community and decentralization are core values of Numbers Protocol, and with these values in mind, we have decided to open up the discussion around allowing access to the currently permissioned Numbers blockchain validator set and implementing a delegated proof-of-stake (PoS) mechanism, similar to other popular layer-1 blockchains.

This community article aims to outline the pros and cons of opening the validator set to the community:

Pros

• Opening the validator set is in-line with the core values of Numbers Protocol, which are community and decentralization
• Allows for NUM stakers to delegate their stake to a validator of their choice to share in validation rewards
• Adds additional utility for the NUM token, as this token will be required to be staked and risks slashing in the case of harmful behavior
• Allows for additional rewards for those community members who want to validate the Numbers Blockchain
• Increases decentralization and attack resilience in the event of a malicious validator attacking the network

Cons

• Current validators are permissioned strategic partners of Numbers Protocol, which includes AVAX. By opening the validator set, this opens the door to higher chances of bad actors. Once implemented this action is irreversible, as the validator set will become permissionless and there is no way to remove all new validators.
• Opening the validator set will require technical resources and costs from Numbers Protocol revenues
• Running a validator will require technical expertise on the community members part to run effectively and without downtime in addition to a sizeable stake in NUM

Numbers is actively working with its partner network to assign more utility to the NUM token and work towards a more decentralized future. This article aims at opening the discussion between the community if a decentralized validator set is something that would like to be explored.

Conclusion

Ultimately, the decision to decentralize the validator set within Numbers Protocol is one of great significance and should not be taken lightly. As we assess the advantages and challenges of such a step, we must remain steadfast in our commitment to community and decentralization, which lie at the core of our protocol.

By opening up the validator set, we can embrace a more inclusive approach that empowers NUM stakers to delegate their stake, share in validation rewards, and contribute to the robustness of our blockchain. This move enhances the utility of the NUM token and fortifies the network's resilience against malicious attacks. However, we must be mindful of the additional risks that come with decentralization, such as potential bad actors and the technical resources required to support a larger validator set.

Numbers Protocol remains neutral in this discussion. We encourage all stakeholders to engage in open dialogue and share their perspectives.

Together, let us shape the future of Numbers Protocol as we work towards a more decentralized and inclusive ecosystem driven by the collective wisdom of our community. Your voice matters, and we eagerly anticipate the outcome of this crucial decision.

Thank you for being an integral part of the Numbers Protocol journey!

Entering Community Review

Just like previous DAO meetings topics, this Numbers Governance Proposal will undergo community review until June 20. During this time, we encourage the Numbers community to share your thoughts and concerns on GitHub issues and discuss this proposal openly on our many social channels. We look forward to hearing your feedback!

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[mdrizwan-9]

In my perspective, the decision to open up the validator set and implement delegated PoS in Numbers Protocol presents both advantages and disadvantages. On the positive side, it aligns with the core values of community engagement and decentralization, granting the community a sense of empowerment and expanding the utility of the NUM token. Furthermore, it can bolster network security by introducing a broader range of validators and diversifying their origins.

However, there are noteworthy considerations, including the potential entry of malicious individuals into the network, the irreversible nature of this shift, and the necessity for technical proficiency and adequate resources.

Meticulous assessment and risk analysis are imperative to strike a harmonious balance between community participation and network integrity. I think the team should go forward and open up the validator set to the public.

[Nezukokamado11]

According to the data available, Numbers Protocol should consider increasing its validator network and implementing delegated proof-of-stake (PoS). This choice supports the protocol's essential concepts of decentralisation and community engagement. This technique has several advantages, including increased community involvement, stake delegation, shared validation rewards, greater token utility, risk reduction through staking and cutting, and improved network security. However, there may be drawbacks to consider, such as the ability of bad actors to penetrate the network and the need for additional technical resources and costs to support a larger number of validators. Before making a decision, the community must hold an open discussion and carefully assess the benefits and drawbacks.

[Defiareana]

In my viewpoint, the positive effects of decentralizing the validator set inside the Numbers Blockchain much outweigh the costs to the ecosystem. Numbers Protocol might make use of community involvement and decentralization by making the validator set available to a larger community.

By enabling them to actively participate in the validation process and share in the rewards, this action may give NUM token holders more influence. This not only boosts the NUM token's usefulness but also encourages new users to hold NUM and participate in the network, creating a more open and robust blockchain network.

[emmerson121]

Numbers has been actively working towards a decentralized community. After going through the pros and cons, it is pertinent to commend that the pros are actually going to add more value and make the $NUM token stand-out but having evaluating the consequences of opening up the mainnet validators to the community, I would say everything should be maintained the way it is currently.

Since opening up the validator set is irreversible once it is done, it calls for concern if it ends up not being sustainable and since it is will cost revenues from Numbers Protocol, it'll be a waste if it ends up not living up to expectations.

[valirvan]

I am very impressed by Numbers initiative to increase network resilience and security by introducing delegated proof-of-stake (PoS). This means that anyone in the community can become a validator and help maintain the network’s integrity. I think this is a great way to prevent centralization and protect the network from malicious attacks. It also makes the protocol more efficient by speeding up block confirmation times.

Another benefit of delegated PoS is that it involves NUM holders in the consensus process. They can delegate NUM tokens to validators they trust, which creates a sense of accountability and responsibility among the validators. They have a stake in the network’s stability and security, so they will act in the best interest of the community. This also builds trust and engagement among the token holders, who can have a say in how the network is run. I think this will be a good move to take action.

[TylerDylan]

The provided information suggests that Numbers Protocol should consider opening up the validator set and implementing delegated proof-of-stake (PoS). This decision aligns with the protocol's core values of community involvement and decentralization. By allowing token holders to delegate their stake to validators, it introduces a reward mechanism that incentivizes participation and adds utility to the token. Requiring staking and the possibility of slashing mitigates risks and enhances network security. Additionally, decentralization improves resilience against attacks. However, there are potential drawbacks, such as the risk of bad actors entering the network and the need for additional technical resources and costs to support a larger validator set. These factors should be carefully managed and considered through open dialogue and community engagement before a final decision is made.

[WEB3Queen01]

As I thoroughly assess the pros and cons, the decision to open the validator set should consider the long-term goals, security requirements, and level of community participation desired. Increasing decentralization and attack resilience through a larger set of validators can help protect against malicious attacks. Just It is crucial to strike a balance between decentralization and maintaining a secure and reliable network.

[avie018]

By decentralizing the validator set, I see the Numbers Protocol aiming to achieve several potential benefits:

Increased Community Participation: Opening up the validator set allows a broader range of community members to participate in the validation process. This inclusivity promotes community engagement and ownership of the network.

Enhanced Security and Resilience: A decentralized validator set reduces the risk of a single point of failure or control. It enhances the network's security by distributing validation responsibilities among multiple validators, making it more resistant to attacks and manipulation.

Diversification of Validators: Allowing new validators to join the network brings in fresh perspectives and expertise. It fosters innovation and ensures a more diverse and robust validator set, further strengthening the network's integrity.

Competitive Validation Rewards: With delegated proof-of-stake, NUM token holders can delegate their stake to validators of their choice. This mechanism encourages healthy competition among validators to attract delegations, leading to improved services and potentially higher validation rewards for token holders.

Decentralized Governance: A decentralized validator set aligns with the principles of decentralized governance. It provides an opportunity for a wider range of stakeholders to have a say in decision-making processes and protocol upgrades, leading to more inclusive and representative governance.

And in my conclusion, decentralizing the validator set aligns with the community and decentralization values of the Numbers Protocol. It has the potential to increase community participation, enhance security, foster innovation, and promote decentralized governance. However, careful consideration must be given to addressing the risks associated with bad actors, technical requirements, monitoring, and governance complexity. Through thoughtful planning and active community engagement, the Numbers Protocol can pave the way for a more decentralized and robust network.

[Tahira19]

In my perspective, adopting delegated proof of stake while expanding the Numbers community is viewed favourably as being useful in terms of creating interpersonal ties and building trust among community members. But crucial decisions must be taken.

The following are a few benefits of accessing the validator set:

Decentralization: The network can become more decentralised by letting more users to become validators or assign tokens to other users. By distributing authority, reaching consensus, and decision-making across a wider range of stakeholders, the network's security and resilience are improved.

Broader Participation: Expanding the validator set and enabling token delegation can promote greater token holder participation. It makes it possible for people with less technical expertise or resources to still contribute to the consensus-building process and actively take part in network security.

Reduced Entry Barrier: The entry barrier to taking part in consensus is reduced by allowing more individuals to become validators or delegate their tokens. This encourages a more inclusive and diversified network by making it easier for smaller stakeholders to participate.

Network security can be improved with the use of a decentralised validator set. A larger number of validators reduces the possibility of collusion or malicious activity, making it more challenging for any one entity to jeopardise the integrity of the network.

Cons of Opening up the Validator Set and Implementing Delegated PoS:

Governance Complexity: Delegated PoS introduces additional complexity to the governance process. Coordinating voting and decision-making among numerous validators and their delegated token holders can be challenging and may require the development of effective governance mechanisms.

Ultimately, the decision to open up the validator set and implement delegated PoS should be based on a thorough evaluation of the specific needs, goals, and dynamics of NumbersDAO, as well as input and consensus from the community members.

[Mahabirgope]

Embracing an open validator set and implementing delegated proof-of-stake (PoS) could be a game-changer for Numbers Protocol. It perfectly aligns with their core values of community engagement and decentralization. The benefits A thriving community, rewarding token holders through delegation, mitigating risks, boosting utility, and fortifying against attacks. Of course, there are challenges to tackle, like potential bad actors and increased technical demands. Let's foster an open dialogue within the community to carefully evaluate the implications. Exciting times ahead

[BennyBrave]

I think this is definitely something Numbers protocol team should consider, as it would provide a more decentralized and secure network, as well as potentially helping to drive more growth and usage to Numbers. Also Delegated PoS is an exciting and evolving technology with a lot of potential, and Numbers Protocol could benefit greatly from being an early adopter and getting ahead of the curve on this evolving field. As with any technology, there are pros and cons to delegated Proof of Stake, and it is vital that the team of Numbers Protocol does their due diligence and fully understands the implications of such a move before deciding to implement it.

[12divine]

Based on the various benefits shown in the article below, I believe numbers should approve and implement the delegated POS technology, it's similar to what ethereum uses, and will go a long way to better the chain! So it's a yes from me.

[rahulkr2503]

I personally feel Numbers Protocol will get many benefits from opening up its validator set and implementing delegated PoS. Opening up the validator set & implementing delegated PoS could be a best decision for Numbers Protocol. It will bring community involvement and network will become more decentralized. Allowing NUM token holders to delegate their stake to validators of their choice introduces a mechanism for sharing in validation rewards. This incentivizes token holders to actively participate and stake their NUM tokens, adding utility to the token itself. However, there are certain risk which team must look before implementing . There is potential risks of bad players entering the network and the need for additional technical resources and costs. By opening the validator set, this opens the door to higher chances of bad actors. Once implemented this action is irreversible, as the validator set will become permissionless and there is no way to remove all new validators. NUM team should consider the implications before making a final decision. All i know that Numbers Protcol team is well experienced and will surely do what is best for NUM holders.

[Defiareana]

Numbers Protocol opening up the validator set and implementing delegated Proof of Stake (PoS), I feel it comes with potential benefits and some big threats. My observation -

Pros: Opening up the validator set will bring decentralization as it will allow more participants to contribute to the network's consensus mechanism. This will improve the network's security and resilience against attacks. Allowing more validators to join the network encourages greater participation from the community. Delegated PoS can increase the efficiency of the consensus mechanism by allowing token holders to delegate their voting power to experienced validators. This can reduce the computational and energy requirements compared to traditional PoW consensus algorithms.

Cons: Opening up the validator set & implementing delegated PoS will bring centralization risks. The team should implement measures to prevent a small number of validators from gaining excessive control over the network. Also once it is implemented this cant be reversed, as the validator set will become permissionless and you cant remove all new validators. The team should carefully assess the risk associated before implementing anything. Wishing the team good luck.

[Giftino]

Numbers Protocol has been actively dedicated to establishing a decentralized community. Upon thorough examination of the pros and cons, it is essential to acknowledge that the benefits will significantly enhance the value and distinctiveness of the $NUM token. However, after evaluating the potential ramifications of granting access to the mainnet validators for the community, it is recommended to maintain the current setup.

The irreversible nature of opening up the validator set raises concerns about sustainability. Considering the potential loss of revenues for Numbers Protocol, it would be unfortunate if the decision does not meet expectations and proves to be futile.

[samxonite]

Increasing the validator set of a blockchain can have several advantages and disadvantages. Pros: A larger validator set enhances the security of the blockchain, Increasing the validator set can enhance the consensus mechanism of the blockchain. With more validators, the network can achieve a more reliable and accurate consensus on the state of the blockchain, ensuring that only valid transactions are included.

Cons: Increasing the validator set can complicate the governance of the Numbers network. Decision-making processes, protocol upgrades, agreement among a larger number of validators, potentially leading to slower decision-making and implementation.

considering these pros and cons should be noted in the context of the Numbers goals at this phase. including the desired level of decentralization, security requirements, scalability goals.

[Aniel756]

The vision of Numbers Protocol is to build a strong network that not only empower its participants but also enable secured transactions and trust.

Opening the validators set will see to a lot of advantages to the Numbers protocol which are not limited to:

1. Decentralisation and Alignment with core values: opening up the validators set will increase decentralisation and will also align with the core values of Numbers Protocol.

2. Increased utility of NUM tokens: opening the validator set will increase the utility of NUM tokens and also community participation, it will enhance token utility and network security.

There are more advantages that comes with opening the validators set but it will also open up the network to some disadvantages which are:

1. Making the network a potential for bad actors: opening up the validator set means there won't be a limit as to who will enter the network. And this can open the network to bad actors who want to bring down the core values of Numbers Protocol.

In conclusion, opening up the validator set will have a lot of benefits for Numbers Protocol. It will bring about decentralisation, strengthen Numbers core values and bring additional rewards. But the issue that needs to be addressed are the risk of bad actors getting involved and the cost of revenue being on a high side.

If these are addressed efficiently, then opening the validators set will be the next step to bring the vision of Numbers protocol closer to the community.

[fredlex]

Implementing the proof of stake POS For delegates, opening of the validator set to a wider Community helps to build the interrelationship among community members hence creating an improved utility for the $NUM token since this makes community members benefit from the profit of staking being us closers to everything decentralization stands for.

Proper measures should be taken to eradicate any form of bad actions from validators to keep the community completely secured. ..

[Radikapratama]

Topic: Should Numbers look to open up the validator set and implement delegated PoS?

Overview

Today, we embark on a journey of exploration and discussion surrounding an important decision that lies at the heart of our decentralized ecosystem. We are here to deliberate on the question of whether Numbers should open up its validator set to the wider community.

At Numbers Protocol, we deeply value our community and the principles of decentralization. Our shared vision is to build a robust and resilient network that empowers its participants, enables secure transactions, and fosters trust. The selection of validators plays a critical role in achieving these goals within a proof-of-stake blockchain. Currently, our validator slots are permissions and limited to Numbers partners. However, we believe it is time to open up the discussion and consider the advantages and challenges of embracing a more inclusive approach.

This article will examine the pros and cons of allowing access to the current permission Numbers blockchain validator set and implementing a delegated proof-of-stake (PoS) mechanism, similar to other prominent layer-1 blockchains. We aim to provide you with an impartial analysis that equips you with the necessary information to understand the dialogue that will take place during the upcoming DAO meeting. Remember, this article is not meant to sway your opinion but rather to foster dialogue and broaden our collective understanding.

So, let us delve into the intricacies of decentralizing the validator set and explore its potential impact on our community, protocol, and Numbers' future.

Decentralizing the validator set

Before diving into the discussion around decentralizing the validator set, first, we will outline what a validators role is within a proof-of-stake blockchain:

In Proof of Stake blockchains, validators are selected to produce the next block based on their stake in the network token. These validators will stake some of NUM tokens and run software that allows them to produce and approve blocks. Although often designed with random functions to prevent a front-running consensus, a larger amount staked by a validator could give them a higher chance of producing the next block. Proposed blocks by validators are then propagated to the rest of the set, who verify and add the approved block to the blockchain.

In the current implementation of the Numbers Blockchain, these validator slots are permissions and only accessible to Numbers partners.

Community and decentralization are core values of Numbers Protocol, and with these values in mind, we have decided to open up the discussion around allowing access to the currently permissioned Numbers blockchain validator set and implementing a delegated proof-of-stake (PoS) mechanism, similar to other popular layer-1 blockchains.

This community article aims to outline the pros and cons of opening the validator set to the community:

Pros

• Opening the validator set is in-line with the core values of Numbers Protocol, which are community and decentralization
• Allows for NUM stakers to delegate their stake to a validator of their choice to share in validation rewards
• Adds additional utility for the NUM token, as this token will be required to be staked and risks slashing in the case of harmful behavior
• Allows for additional rewards for those community members who want to validate the Numbers Blockchain
• Increases decentralization and attack resilience in the event of a malicious validator attacking the network

Cons

• Current validators are permissioned strategic partners of Numbers Protocol, which includes AVA. By opening the validator set, this opens the door to higher chances of bad actors. Once implemented this action is irreversible, as the validator set will become permissionless and there is no way to remove all new validators.
• Opening the validator set will require technical resources and costs from Numbers Protocol revenues
• Running a validator will require technical expertise on the community members part to run effectively and without downtime in addition to a sizeable stake in NUM

Numbers is actively working with its partner network to assign more utility to the NUM token and work towards a more decentralized future. This article aims at opening the discussion between the community if a decentralized validator set is something that would like to be explored.

Conclusion

Ultimately, the decision to decentralize the validator set within Numbers Protocol is one of great significance and should not be taken lightly. As we assess the advantages and challenges of such a step, we must remain steadfast in our commitment to community and decentralization, which lie at the core of our protocol.

By opening up the validator set, we can embrace a more inclusive approach that empowers NUM stakers to delegate their stake, share in validation rewards, and contribute to the robustness of our blockchain. This move enhances the utility of the NUM token and fortifies the network's resilience against malicious attacks. However, we must be mindful of the additional risks that come with decentralization, such as potential bad actors and the technical resources required to support a larger validator set.

Numbers Protocol remains neutral in this discussion. We encourage all stakeholders to engage in open dialogue and share their perspectives.

Together, let us shape the future of Numbers Protocol as we work towards a more decentralized and inclusive ecosystem driven by the collective wisdom of our community. Your voice matters, and we eagerly anticipate the outcome of this crucial decision.

Thank you for being an integral part of the Numbers Protocol journey!

Entering Community Review

Just like previous DAO meetings topics, this Numbers Governance Proposal will undergo community review until June 20. During this time, we encourage the Numbers community to share your thoughts and concerns on GitHub issues and discuss this proposal openly on our many social channels. We look forward to hearing your feedback!

┆Issue is synchronized with this Asana task by Unito

Good project and nice project and I hope long live for this project.. LFG

[a2tim]

In my opinion.. opening the validator set to a wider Numbers community while implementing delegated proof of stake is seen from a positive light as being beneficial improving inter relationship and trust building among members of the community. However, critical decisions needs to be made.

Here are few advantages of opening the validator set:

Opening the validator set is in-line with the core values of Numbers Protocol, which are community and decentralization Allows for NUM stakers to delegate their stake to a validator of their choice to share in validation rewards

2. Staking reward: Adds additional utility for the NUM token, as this token will be required to be staked and risks slashing in the case of harmful behavior Allows for additional rewards for those community members who want to validate the Numbers Blockchain

Cons.. Opening of the validator set would require a robust technical and financial input to present and efficient staking ecosystem

Similarly an expected outcome of potential bad actors should not be ruled out as this may in turn reduce trust level..

[nzubezion]

Yes, opening up the validator set and implementing delegated proof-of-stake (PoS) is a positive step for Numbers Protocol. It aligns with Numbers' core values of community and decentralization, empowering NUM stakers to actively participate in the validation process and share in rewards. This move enhances the utility of the NUM token and strengthens the security and resilience of the blockchain network.

[Zeecok]

Goood

[DeFiDebbie]

I'm sure you're aware that, unlike the proof of stake, dPoS encourages scalability due to the limited number of block producers. In PoS, the mechanism only favours the whales. If you're talking about incentivisation, you should have your community in view. There should be no barrier of entry but rather a floor to prove themselves worthy of being a Numbers Validator.

[Mohitsid0]

Numbers Protocol is advised to explore the option of opening up its validator set and incorporating delegated proof-of-stake (PoS) as suggested in the available information. This choice aligns well with the protocol's fundamental principles of community engagement and decentralization. There are several benefits associated with this approach, including increased community involvement, stake delegation, shared validation rewards, enhanced token utility, risk management through staking and slashing, and bolstered network security. However, it is essential to consider potential drawbacks, such as the potential entry of malicious actors into the network and the requirement for additional technical resources and expenses to support a larger group of validators. Prior to reaching a final decision, it is crucial for the community to engage in transparent discussions and carefully assess the advantages and disadvantages of this proposal.

[Mayasharmark]

Hi this topic is really good to open up with the community.

For opening up the validator set and implementing delegated PoS for Numbers. There are pros and cons to be consider such as More validators mean more security and community involvement. However, it may slow down decision-making and there’s a risk of troublemakers.

So for numbers protocol .. I think weighing the pros and cons is a must and make an informed decision to the community.

[Desure01]

Meanwhile based on what I saw in the article.

I believe numbers team should implement the delegated POS technology, the Numbers community and decentralization, empowering NUM stakers to actively participate in the validation process and share in rewards. This is a utility of the NUM token.

[BTComrade]

with a vision and a plan already set in place increasing the validator set would bring great benefits. Here are some pros and cons to consider Pros of Increasing the Validator Set: A larger validator set increases the level of decentralization in the blockchain network. With more validators, power and decision-making authority are distributed among a larger group of participants, reducing the risk of a single entity or group gaining control over the network. A larger validator set would also enhance the security of the blockchain.

Cons of Increasing the Validator Set: As the validator set grows, coordinating decision-making and consensus among a larger group of participants becomes more challenging. It may require additional mechanisms and protocols to manage communication, voting, and governance processes effectively.

[ritoAryan]

Expanding the validator set and introducing delegated Proof of Stake (PoS) offer numerous advantages for Numbers. By increasing the size of the validator set, Numbers can enhance decentralization, enabling more participants to contribute to the network's consensus. This, in turn, improves the overall security and resilience of the blockchain.

The implementation of delegated PoS allows token holders to delegate their stake to trusted validators who can represent their interests and participate in the consensus process on their behalf. This approach encourages engagement and involvement from a wider community, including those with limited technical expertise or resources to operate their own validators. It also provides incentives for token holders to stake their assets, which contributes to the network's security and stability.

[Dharam0965]

Numbers should consider opening up the validator set and implementing delegated Proof of Stake (PoS) for the following reasons:

Advantages:

1. Community engagement and decentralization: By allowing more participants to become validators, Numbers can involve a larger community in the network's consensus process, leading to increased decentralization.

2. Delegation for rewards: Token holders can delegate their stake to validators and earn rewards in return. This incentivizes participation and provides an opportunity for token holders to benefit from their holdings.

3. Enhanced utility and risk management: Opening up the validator set can increase the overall utility of the network by allowing more transactions to be processed. Additionally, delegated PoS can help mitigate the risk associated with a single validator holding a significant portion of the stake.

4. Improved decentralization and network resilience: The inclusion of a larger number of validators improves the decentralization of the network, making it less prone to manipulation or control by a single entity. This, in turn, enhances the resilience of the network.

Disadvantages:

1. Potential for malicious actors: Opening up the validator set introduces the possibility of bad actors entering the network. This risk should be carefully managed through robust vetting processes and security measures.

2. Additional technical resources and costs: Implementing delegated PoS requires technical resources and infrastructure to support the increased number of validators. This can lead to additional costs and complexities for the network.

In summary, the proposed changes of opening up the validator set and implementing delegated PoS offer numerous benefits, including community participation, rewards, and improved network security. However, they also bring certain risks that need to be carefully addressed and managed.

[luckymod4]

Implementing Proof of Stake (PoS) and opening the validator set will greatly enhance the utility of the Numbers Protocol native token, fostering increased community trust and driving growth within the Numbers ecosystem. This move aligns with our core values and holds promising potential. While there may be concerns, such as the risk of bad actors and the requirement for financial and technical involvement, we can address them by implementing robust security protection technology and establishing strict criteria for validator recognition. Together, we can create a seamless environment while keeping malicious actors at bay. #NumbersProtocol #PoS #CommunityTrust

[NuelDesigns99]

It introduces the concept of decentralizing the validator set in Numbers Protocol and outlines the advantages and disadvantages of such a move. It acknowledges the core values of community and decentralization and highlights the potential benefits of opening up the validator set to the wider community.

The pros presented in the article include aligning with the protocol's core values, empowering NUM token holders, adding utility to the token, and enhancing decentralization and attack resilience. On the other hand, the cons discussed involve the risks associated with bad actors, the technical requirements and costs, and the need for expertise and a significant stake in NUM.

The write-up concludes by emphasizing the importance of the decision and the commitment to community and decentralization. It encourages further discussion and consideration of the potential impact.

Overall, the write-up provides a balanced view of the topic, presenting both the advantages and challenges associated with opening up the validator set. It aims to inform readers and stimulate dialogue within the Numbers Protocol community.

[eserboo]

Am sure you know that unlike the proof of stake, dPoS encourages scalability.

In PoS, the mechanism only favours the whales. If you're talking about incentivisation, the community view is very important.

[CaptainJackSparrow09]

I have been using Capture App since three months now. Overall experience on the application is really amazing. From launching the app to converting a picture into NFT in just few clicks.

However, one issue that I would like to address here is Capture App isn't all devices friendly. Personally I have two devices one is Realme and another is Vivo. On Realme Capture App works fine while on Vivo Capture camera doesn't support at all which dilutes my motivation to navigate Capture App sometimes. I would be very happy if Capture App fixed this issue permanently.

I believe, it will help to on-board million more users.

[cryptomate7863]

I. Introduction

Explanation of the Numbers Protocol's plan to open up its validator set and implement a delegated proof-of-stake mechanism

Brief overview of how proof-of-stake blockchains work

II. Pros of Opening up the Validator Set to the Community

Increased decentralization and community involvement

Increased attack resilience

Ability for token holders to delegate their stake and earn rewards

Potential for a more efficient and cost-effective consensus mechanism

III. Cons of Opening up the Validator Set to the Community

Risk of centralization if a few large stakeholders dominate the validator set

Potential for vote buying and other forms of collusion

Increased complexity in managing the validator set and ensuring its security

Possibility for decreased network performance if inexperienced validators are selected

IV. Conclusion

Summary of the pros and cons of opening up the validator set to the community

Discussion of how the Numbers Protocol can mitigate the risks and maximize the benefits of this decision

Final thoughts on the potential impact of this decision on the Numbers Protocol and the wider blockchain ecosystem

[PhaeTee]

The roles of validators is an essential one in every project and i believe if the Numbers community members are granted the opportunities as well to become validators, it'll actively promote trust and also give a chance to lovers and true believers of the protocol and those who were not opportuned to be among early partners of Numbers to invest seeing the potentials of the project and also the rewards that comes with it. Everybody loves a good reward system i must say

[Kristeeyo]

The implementation of the delegated Proof of Stake (PoS) consensus mechanism is beneficial to Numbers Protocol as well as the community members

Greater interaction of the members with the Numbers ecosystem will be achieved thereby also increasing the utility of the $NUM token and maintaining the core value of Numbers - decentralisation and community

However, the cons can't be overlooked too as bad actors can be a major cause of concern. Another concern may be in the field of technicality.

Regardless, the advantages outweighs the disadvantages. This new development will have a positive impact on the Numbers Ecosystem.

[RisingStar05]

To be honest, there is nothing that doesn't have disadvantages attached to them. Choosing dPOS as a new staking mechanism gives more weight to NUM and actively involves the community members in securing the blockchain. Not only that but being able to provide a great reward system such as this is highly commendable.

[ElieTrades]

Implementing the delegated proof of Stake consensus mechanism (dPOS) is a huge step towards adopting complete decentralization in Numbers protocol.

The chance of bad actors trying to game the system might be slim if the community is given the time to fully get familiar with who they will vote to become validators. Overall, I believe you should rely on community votes on this topic.

[qqorq]

As Mayasharmark said, The topic is ideal for community engagement. Implementing delegated PoS for Numbers involves weighing advantages (enhanced security, community participation) and disadvantages (slower decision-making, potential troublemakers).

I also believe the community must carefully evaluate these aspects to make an informed decision for the Numbers protocol.

[Markie07]

It is great that you open this topic. As a read this topic, the proposal to open up the validator set in Numbers Protocol raises an important question about community participation and decentralization. It acknowledges the significance of validators in achieving the protocol's goals and aims to explore the advantages and challenges of embracing a more inclusive approach.

The article presents a balanced analysis of the pros and cons associated with this proposal. On the positive side, opening up the validator set aligns with the core values of Numbers Protocol, emphasizing community involvement and decentralization. It allows NUM token holders to delegate their stake and receive validation rewards, which enhances the utility of the token. Moreover, it promotes increased decentralization and resilience against malicious attacks.

However, the proposal also acknowledges potential challenges. Opening the validator set may introduce the possibility of bad actors, as the current permissioned validators would be joined by new ones. It requires technical resources and costs from Numbers Protocol, and running a validator necessitates technical expertise and a significant stake in NUM.

The conclusion emphasizes the gravity of the decision and underscores the commitment to community and decentralization. It encourages stakeholders to engage in open dialogue and share their perspectives during the community review phase.

Overall, the proposal shows a thoughtful consideration of the benefits and drawbacks of opening up the validator set. It reflects the commitment of Numbers Protocol to its community and seeks to make an informed decision in line with the protocol's goals.

[Bikso1]

Expanding the validator set and implementing delegated PoS can improve decentralization, security, participation, and efficiency in blockchain projects. By allowing more participants to become validators, the network becomes more diverse, making it harder for malicious actors to exert undue influence. This also increases token holders' participation in securing transactions and earning rewards. However, it is crucial to consider potential challenges and risks, such as ensuring the reliability and trustworthiness of validators and reducing centralization. The decision to implement these changes should be carefully evaluated based on the blockchain project's context, goals, and characteristics.