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
Stop-loss Order
Conditional market order to sell at the next available price, excuted if the price of an asset falls below set-upon limit
Mining Reward
The reward resulting from contributing computing resources to process transactions
Trustless
Entirely verifiable, without needing to trust or assume an action is done completely and in good faith.
Trading Volume
The amount of the cryptocurrency that has been traded in the last 24 hours.
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