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
Hey Hey Hey
A term made popular by Carlos Matos who was the spokesperson for the Bitconnect Ponzi. He used it frequently during Bitconnect events to rile up the crowd.
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
Whitelist
List of approved participants that will be given access to a token sale (ICO, IEO, STO etc...)
Non-custodial
It is a decentralized type-of-wallet, where the users owns its private keys.
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