Cointime

Download App
iOS & Android

TON Validators Receive Single Nominator Smart Contract

Orbs, a public blockchain infrastructure designed for mass usage applications, has released a single nominator smart contract for validators in the Telegram Open Network (TON), a decentralized layer-1 blockchain. The feature provides an isolated cold wallet for securing the validation process, enhancing validator independence, security, and protection against gas-spending attacks. The single nominator contract offers protection against attack methods by keeping the validator node's hot wallet separate from the principal staking funds and provides the ability to recover stakes during emergencies. The contract has been audited by CertiK, a Web3, blockchain, and smart contract security firm, which recently partnered with TON to audit future projects on the network.

(By AMAKA NWAOKOCHA)

Comments

All Comments

Recommended for you