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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.

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Related Terms

ASIC Resistant
A term used to describe cryptocurrency proof-of-work protocols that are resistant to Application-Specific Integrated Circuit (ASIC), by packing in various parameters that make it difficult for ASICs to have a competitive edge against consumer hardwares.
Block
In the context of blockchain, block refers to the collection of transactional data or information that are bundled together in a predetermined size.
Stale Block
Double mined blocks that are not included in the blockchain.
Circulating Supply
An approximation of the number of coins or tokens that are currently not locked and available for public transactions.
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