29 active validators?
How are they elected? Are there big whale accounts that can basically put in who they want? Telos doesn't have that. Are there enforced rules that one entity cannot run or own a stake in more than one validator? Because Telos has this rule & enforces it.
if I understood correctly, you stake and then you get to vote... and I'm sure there are big whales, like the dev team
you can vote for 5 and I think anyone can run a validator but only 29 top actually count, afaik.. the others are just "reserve"
This is correct. I don't know the breakdown on proton but on Telos we don't think any private holder owns more than 3-4% of the token supply. Not talking about accounts but account owners. Of course it's hard to tell but I've been watching from the start and I have a decent sense of who the biggest holders are.
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