Glossary
Validator Set Meaning: What Does Validator Set Mean in Crypto?
Definition
The Validator Set is the group of people or entities chosen to verify new transactions and create blocks in a Proof of Stake (PoS) system.
These participants are chosen by locking up (staking) their coins. If a validator tries to cheat or goes offline, they can be penalized by having some of their staked coins taken away (slashing), which keeps them honest.