Roles in Nominators

The Validator-Nominators Relationship

Validators form and secure the network, maintaining the services provided by it through the production of new blocks and validating parachain blocks. They run perpetually, using the network’s native tokens to back them as validators and to incentivize their continued abidance by the protocol’s rules. Failing to abide by the rules penalizes them (commonly referred to as “slashing,” while keeping the rules rewards them with a share of the fees generated by use of the network’s services.
In NPoS, however, validators must be elected to participate in every active set, which is a determined period of time that typically becomes longer at latter block heights. This is where nominators come in

Nominators are also token owners but, for reasons mentioned above, are not actively participating in consensus. Instead they use their economic backing (in the form of tokens owned) to nominate the validators of their choosing to be designated for active slots. Nominators are incentivized to do this by earning a share of the rewards that their nominated validators in active slots earn. Like validators, they must also play by the protocol rules or face penalties.

Validators are assigned active slots proportionally to their nominations. Thus, validators who receive more nominations and a higher value of tokens backing them are more likely to be elected into the next active set of validators.

Fair Representation
Because rewards are eventually distributed proportionally to the validaotr’s overall stake, nominators stand to earn higher rewards for nominating perhaps less-established validators who may have smaller stakes backing them. This incentivizes nominators to seek out a more diverse group of validators instead of nominating the same ones for each set.

On the other hand, misbehaving validators will get penalized, reducing rewards for nominators. This incentivizes nominators to conduct due diligence on validators to seek out good-behaving ones.

In this way, NPoS can improve decentralization of blockchain networks by maximizing the decision-making power, while maintaining fairness through proportional and justified representation.

Here's the Analysis of #IOTA :

#IOTA is been very trendy and choppy with the market movement. Price is been very wicky and reached the Strong Support zone around $0.33. Looks like price is getting rejected from the zone and hopefully get a reversal too. You can add some there with lower lots as market is correcting itself. There're bunch of minor support, which might work but we've to wait until a structural shift happen.

Yesterday there was $300M+ liquidation over the market.

#UFT made its way to the upside and hit the as well and nearly reached the 3rd Target. Price made a high of $0.68 which is 55% in profits

#FIDA achieved the 3rd as well and made a high of $0.63 which is 96% in profits 🚀

#FIDA in #BTC pair also nearly the same and made nearly its 2nd target with a high of 942 satoshi which is 48% in profits. I hope you’re securing some profits.

#BITCOIN DAILY TF UPDATE :

#BITCOIN is been correcting itself with the market conditions and making the H4 and all LTF bearish. Daily TF also turned bearish at the moment and made a huge wick from the downside showing absorption. Well, price already tested the support and might goes lower for a final shake out too. Eyes on weekly closing and #DXY as well.

BTC.D (Bitcoin Dominance) is currently testing the support line. A breakthrough below this support could signal a bullish trend for altcoins. Expect a strong rally in altcoins if BTC.D progresses towards the next support zone. 📈 #AltSeason

Today it was more than $700M+ in past 24H

Market hitting hard to #FOMO Buyers.

#FIDA made its way to the last and final target and made a high $0.73 which is 123% in profits

#FIDA in #BTC pairs also did well, and made high 1049 Satoshi which is 65% in profits. I hope you books some right there.

What Is a Nonce in Blockchain?

Nonce (literal meaning — for one occasion) is a way to sequence and segregate transactions on the Ethereum blockchain and other smart contract platforms. Generally, it is used in cryptography as a non-repeated number for securing communication.

An Ethereum wallet can broadcast multiple transactions from an account, without much delay between one another, to the mainnet. Hence, it is necessary to have a mechanism which can determine which transaction is processed first. Otherwise, there would be malfunctions caused by conflicting transactions associated with account balance transfers.

For example, if a broadcasted transaction has a nonce value of 2, it must be processed first before the transaction with nonce value of 3. The Ethereum mainnet is designed in such a manner that a higher-nonce-value transaction couldn’t be included in any blocks until the ones before them are cleared and settled on-chain.

However, this process can have issues since if a transaction with a lower nonce value is stuck (owing to the gas amount), all transactions received afterwards with nonce values higher would also be stuck.

The process of transaction cancellation and transaction speeding on the Ethereum network also uses “nonce” as its basis. For instance, if a user wishes to cancel a transaction, he can send a transaction to his own wallet with the same nonce number as the transaction he is attempting to cancel. It’s not always guaranteed, though, since if the nonce is the same, any transaction might get randomly approved.

In case a transaction is stuck and does not get approved, users can raise the gas price and send the same transaction with the same nonce number. Since the nonce number is the same while the fee has been bumped, this transaction has a higher probability of being validated. Some wallets have both of these functions automated.

Here's the Analysis of #AGIX :

#AGIX is been going within the corrective move and dropping hard now. Price reached the support zone of $0.97 - $1.02. Looks like a buy scenario is forming but there're two zone so you can split the risk. The next support zone of $0.79 - $0.82, where you can look for a split.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN did gave the clean break to the upside and now the verge of the retest back to the support zone of $65,500 - $66,300. Now, today is the weekly closing as well, and needs to hodl above the zone too. The Next Upper move is expected very sooner by the next week and always remember, correction is always good if its came more.

#DXY UPDATE :

#DXY made a clear rejection and bounced from the support. Market got it impact with that, market getting it correction now. Well, Index is at resistance and might continue fall, which will backup the price. Monday market open will decide the next week move.

STH Supply has increased by +810k BTC over that same period, absorbing coins from two regions:

660K BTC transferred from Long-Term Holders.

150K BTC withdrawn from Exchange Balances we monitor.

Overall, this transfer of wealth appears to be following a very similar path to all prior Bitcoin cycles, and represents both a shifting ownership structure, but also the dynamic balance between supply, demand, and price.

What Is Nonce Error?

A nonce error occurs when a nonce - a number used only once - is misused or mishandled in a system.

Nonces are commonly used in cryptography, network security and web applications to prevent replay attacks, where an attacker intercepts and maliciously retransmits data. When they are generated or used improperly, they fail to serve their purpose by creating vulnerabilities.

Nonce errors enable attackers to bypass authentication systems, tamper with data integrity and impersonate legitimate users. They are serious flaws that jeopardize security and trust in technologies and applications. As systems become increasingly interconnected and interdependent, nonce errors can have cascading consequences that impact many users and services.

Types of Nonce Errors

Nonce Reuse: A nonce is accidentally used twice, allowing replay attacks. This is a common error and can have severe impacts.

Predictable Nonces: Nonces are generated in a predictable manner, enabling attackers to guess future nonces and launch replay attacks.

Expired Nonce: Time-based nonces expire before use due to synchronization issues, rendering them useless.

Nonce Generation Flaws: Errors in the algorithms or code used to produce nonces result in nonces with low entropy and randomness, allowing attackers to guess them.

With dependence on technologies growing rapidly, the impact of such errors is magnified, making security an increasingly pressing concern.

Not sure what nonce is and why (or where) is it used. Let’s touch on some basics before diving deeper into the topic!

Here's the Analysis of #SEI :

#SEI traded near its #ATH and drop with the market correction. Price rejected strong from the reversal trendline and formed a Inverse Head and Shoulder pattern, which is a reversal pattern, so this can be deep retest back to the supports and expect a push from here.