Blockchain Could Produce a New Method of Benchmarking for Validators
The inherent transparency, replicability, and immutability of blockchain technology have made it an innovative force that continues to change the world as we know it. For blockchain validators looking to take their performance to the next level, there could be a new benchmarking option on the horizon.
In order to fully achieve the promise of this technology, a standardized benchmark that captures and publishes daily, annualized means of on-chain rewards across all validators could be produced. Unlike the notorious LIBOR benchmark that powered traditional finance (TradFi) credit markets for years, this benchmark would be difficult to manipulate due to the inherent traits of the blockchain.
As this technology continues to disrupt traditional industries and processes, it’s important to consider how standardization and benchmarking can help to create a more transparent and equitable future. By adopting this new benchmarking strategy, blockchain validators can work to establish themselves as leaders in the industry while upholding the principles of transparency and accountability.
By embracing blockchain technology in new and innovative ways, we can continue to push the boundaries of what is possible and create a brighter future for all.
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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