Polkadot today: Referendum 1966 would cut 100 of 600 validator slots

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Context: Polkadot wants to shrink its active validator set in three stages from 600 to 320, and Referendum 1966 starts the process from around November 10. Anyone nominating DOT themselves should check whether their validators survive the cut.Anyone nominating DOT should check before November 10 whether their validators remain active.Add as a preferred source on GoogleFollow on Google NewsPolkadot is shrinking its circle of active validators. Referendum 1966 has been running since Tuesday and aims to cut the number of validators that produce blocks and earn rewards from 600 to 500. If approved, the change mathematically takes effect from Tuesday, November 10, at around 11 a.m. Central European Time. It is the first of three steps: by the end of November only 320 validators are to remain active. Anyone nominating DOT themselves may then be left without rewards if none of their chosen validators survives the cut. What is documented: content, timing and voting status come from the ...