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Kroma, a Superchain-based optimistic rollup using zkEVM technology, has recently unveiled its exclusive validator mechanism. The release of Kroma’s exclusive project permits the holders of Kroma Guardian House NFT and $KRO token to improve network security. The company took to its official account on the social media platform X to disclose this development.
Introducing Kroma's New Validator System
— Kroma (✳️_✳️) (@kroma_network) August 1, 2024
Kroma's new validator system introduces $KRO-based incentives, allowing $KRO token and Kroma Guardian House (KGH) NFT holders to enhance network security.
Highlights:
• Validators deposit $KRO tokens to submit and validate outputs.
•… pic.twitter.com/BpebHGwjfc
Kroma Releases a New Validator Mechanism, Allowing for the Contribution by KHG NFT and $KRO Holders
In its latest post covering the new project, Kroma noted that the latest validator mechanism offers $KRO-based incentives. They reportedly enable the people holding KGH NFTs and $KRO coins to contribute to security. For this purpose, they can utilize the procedure of delegation. This turns the Kroma network into a relatively resilient and secure forum.
Additionally, the endeavor also decreases the hindrance for non-technical clients to take part in the validation on the network. On the 5th of September last year, Kroma conducted its mainnet launch, providing the permissionless validator mechanism. Since that time, above 360 validators have registered with the platform. In addition to this, diverse validators have reportedly submitted more than 7,500 checkpoint outputs.
As a result of this, Kroma has backed decentralized state settlements and withdrawals. The latest validator mechanism takes into account KGH delegators, KRO delegators, and validators as its participants. Apart from that, it selects validators at priority equaling the amount of the $KRO tokens that they delegate. If a priority validator fails to submit an output in the priority round, it leads to opening the public round.
The Initiative Overcomes the Current Validator System’s Limitations
Upon submission, the deposited $KRO coins are partly bonded. If the bonded tokens complete the challenge phase to finalize, the bonded $KRO coin witnesses its release. Subsequently, the validator gains rewards in return for their output submission. Kroma asserted that the introduction of this unique validator mechanism overwhelms the present validator system’s limitations.