The ‘Unjail’ period for validators is also reduced to four days, as all four governance proposals raised last week have been approved.
Mercado Bitcoin, Latin America’s biggest digital asset exchange, has become our latest validator. This builds on our already strong relationship, which has seen multiple Fan Tokens listed on the platform.
As Brazil’s first crypto unicorn and a trusted leader in LATAM’s fast-growing blockchain sector with over 4M customers, Mercado Bitcoin will bring a valuable new dimension to our validator set.
Furthermore, the addition of Mercado Bitcoin strengthens our position in the Brazilian market, where we already support over 50 projects in partnership with the country’s biggest teams and Web3 leaders.
It’s great news, but it’s not the only positive update we have to share now that all four of last week’s governance proposals have been approved.
Increased flexibility for our staking community as ‘unstake’ period is reduced to two days.
Good news for everyone staking, or planning on staking CHZ, because you’ll no longer have to wait 7 epochs (approx 7 days) to claim them back after you’ve ‘unstaked’. Instead, you’ll only need to wait 2 epochs (approx 2 days).
Efficiency boosted as ‘unjail’ period reduced to 4 days.
Up until now, ‘jailed’ validators have had to wait 7 days before rejoining the set and starting to produce blocks again. From now on, the waiting period will only be 4 days, bringing us in line with the industry and helping minimize operational disruption.
The validator team is becoming a squad.
The addition of Mercado Bitcoin meant increasing the number of main active validators to 12, which has taken us beyond our initial promised starting 11. It’s good news because 1) we have more expertise on-chain, and 2) as a PoSA chain with a limited set of validators, the initial increase to 12 paves the way for the addition of more decentralisation to the network.
