So, my understanding is that this variant of the Ethereum network uses Proof-of-Authority, thus only allowing validated miners in. That means that the number of nodes is governed by the democratic process of validators being voted in to join the network.
In the typical crypto ecosystem, more miners means more competition and thus less profit. On the other hand, compute power of the Ethereum network is a function of the number of nodes on that network. Is this also true with Oracles network?
The key point I’m trying to figure out is: What promotes existing miners to add more miners? They don’t want more competition, but they do want more transactions on the network to create blocks. No usage, no transactions, no blocks, no coins. How do you see this economical balance playing out long-term? Will contention on network’s compute power be the forcing function to bring in additional validators?