Validator
By CoinGecko | Updated on Mar 03, 2020
In contrast to mining on a Proof of Work blockchain network, Proof of Stake blockchain networks are secured by a distributed consensus of dedicated validators who have staked (locked into the network) a significant amount of token as long as the validator nodes are running. Validators are queued for block-signing based on a cambination of random selection, amount (weight) staked and length of time staked (age) and others depending on the design of the consensus algorithm.
Related Terms
Nonce
Abbreviation for ‘number only used once’ It is of vital importance next to the hash in the verification of data from the Bitcoin blockchain network.
ROI
Short for “Return on Investment”, the ratio between the net profit and cost of investing.
Bagholder
A person who is holding a large quantity of cryptocurrency which is declining in value or becoming worthless
Degen
Cryptotrading without Due Diligence and research - basically gambling
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