The current validator number is limited to fifty-five. This project has attracted a wide community of validators and due to Centrifuge’s recent success in the crypto community, there is a surge in demand for Centrifuge validators. As a result, many teams are finding it increasingly difficult to enter the active validator set, even displacing established validators from the active set.
As a result, I suggest increasing the maximum validator set size for the Centrifuge Network by ten. This new maximum number of validators, I feel, will improve validator variety, aid to decentralize the network, and result in additional devoted community members.
As far as I know, there are no negatives to increasing the validator set so I believe increasing the validator set is beneficial for the community.
I generally think increasing the validator size is good provided that the reward is enough for validators to make enough fees from the reward and I generally support this proposal. However I want to highlight that this proposal will only really be in effect for a short period of time as we plan to migrate to the parachain as soon as they go live in March.
Is this the preimage that you proposed, with has 0x0e5751c026e543b2e8ab2eb06099daa1d1e5df47778f7787faab45cdf12fe3a8 from proposer address 4d7UBHcXEjLA3v7PYqK8Hmp2Up9BpjMjieQ5c2kFW5dAYkRS? If yes, would you be able to add the image so that people know what the hash is for?
As Lucas said, validators will be going away soon and replaced with collators when Centrifuge goes live as a parachain. So while more validators would be great, they would be short lived.
Not sure how many collators will be allowed in the active set for Centrifuge once the parachain goes live.
I am no dev but Branan mentioned in one call to start with a few selected validators at the beginning. The system of parachains and the whole logic behind it is to reduce validators/collators
