How can I participate in validating transactions on the network and earn rewards from staking EGLD tokens?
In order to participate in validating transactions on the Elrond network and earn rewards from staking EGLD tokens, you must first become a validator.
To become a validator, you must have a minimum of 10,000 EGLD tokens. You can acquire these tokens by purchasing them on an exchange or by participating in the Elrond staking program. Once you have acquired the necessary amount of EGLD tokens, you can then set up your own validator node.
This requires setting up a secure server with enough storage and computing power to run the Elrond node software. Once your node is set up and running, you can then start staking your EGLD tokens. When you stake your tokens, they are locked in a smart contract and used to validate transactions on the network.
As a reward for providing this service, you will receive rewards in the form of additional EGLD tokens that are distributed to all validators proportionally based on their stake size.
