Validator
By | 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
Gwei
The monetary domination of gas, involving Ether
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
Decentralized Autonomous Organization (DAO)
Open source and decentralized systems that do not require centralized operators or controllers.
Wallet
Software client that handles storage of cryptocurrencies and allows users to send cryptocurrencies.
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