What is the difference between an eth2 validator and a miner?

1 answers

• Mar 21, 2022 · 3 years ago
  As for the benefits and drawbacks, validators enjoy the advantage of not needing expensive hardware and the potential for the cryptocurrency to appreciate in value due to the burning of transaction fees. However, validators need to be vigilant in maintaining their nodes and ensuring uptime to avoid penalties. Miners, on the other hand, have the advantage of earning transaction fees directly and not being subject to penalties for misbehavior. However, they need to invest in powerful hardware and compete with other miners for block rewards. Overall, both validators and miners play crucial roles in their respective consensus mechanisms, and their differences reflect the evolution of the Ethereum network.
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