The proposal **sets a limit on the maximum number of validators**, namely `1200`, and leaves the rest of the parameters unchanged (`20000`/`20DOTs`) for nominators. This proposal started as an **external motion**, meaning that if the Council passes this, the community needs to vote in referenda queue to be executed. 

The validator community should be aware that the discussion around minimum DOT stake limit for validators (similar to what was imposed recently on nominators) has already begun [on the Polkadot Direction channel](https://matrix.to/#/!OwgojQyBzTlUQGGLhq:matrix.parity.io?via=matrix.parity.io&via=matrix.org&via=corepaper.org), and will be proposed **as soon as discussion reaches consensus**. Similar to the nominator limits, **these limits are for the safety of the network and will grow as the network grows.**

The preimage of this proposal can be found [HERE](https://drive.google.com/file/d/1W8J1zSPobzNMSAoAWaSeTWvLRI7QdmwH/view?usp=sharing). 

Context on why this is needed and an explanation of the scaling issues we are seeing on Polkadot Network can be found on the [last runtime upgrade post](https://polkadot.polkassembly.io/motion/88).

Please vote at your convenience!

Schedule the currently externally-proposed majority-carries referendum to be tabled
immediately. If there is no externally-proposed referendum currently, or if there is one
but it is not a majority-carries referendum then it fails.

The dispatch of this call must be `FastTrackOrigin`.

- `proposal_hash`: The hash of the current external proposal.
- `voting_period`: The period that is allowed for voting on this proposal. Increased to
  `FastTrackVotingPeriod` if too low.
- `delay`: The number of block after voting has ended in approval and this should be
  enacted. This doesn't have a minimum amount.

Emits `Started`.

Weight: `O(1)`

- **Problem Statement:** Setting a limit of 1200 validators with unchanged parameters for nominators.
- **Significance:** Ensuring network safety and scalability by addressing scaling issues on the Polkadot Network.
- **Proposed Solution:** Implementing a maximum validator limit to enhance network stability and growth.
- **Expected Outcomes:** Improved network performance and scalability as the community votes on the proposal.

#3 Limit on the maximum number of validators, based on scaling issues