In the world of cryptocurrency, an endorser refers to a participant in a proof-of-stake system who validates and vouches for transactions on the network. Endorsers play a crucial role in securing the network and ensuring the validity of transactions.
When a transaction occurs, it must be endorsed by a designated endorser before being added to the blockchain. Endorsers are chosen based on factors such as their stake in the network, reputation, and past performance.
Endorsers are incentivized to act honestly and accurately by receiving rewards for their work. This creates a system of checks and balances that helps to maintain the integrity and security of the network.
Overall, endorsers act as a vital component of the cryptocurrency ecosystem, contributing to the efficiency and trustworthiness of the network.
