BlockchainA Blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a... Read More validators are responsible for verifying transactions on a blockchainA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by.... Once verified, validators add the verified transactions to the distributed ledgerA Ledger whose data is stored and synced across a network of nodes. A distributed ledger is not limited to... Read More. In proof of work (PoW)An algorithm that rewards the first person that solves a computational problem (i.e. mining) to achieve distributed consensus. Miners compete... Read More systems like BitcoinBitcoin is a cryptocurrency. It is a decentralized digital currency that is based on cryptography. As such, it can operate without the... Read More, validators (known as miners) verify transactions and receive rewards for solving complex computational math problems. In proof of stake (PoS)Proof of Stake (PoS) is a consensus mechanism where block validators are selected based on the number of coins they... Read More systems, validators receive rewards for stakingStaking is the way many cryptocurrencies verify their transactions, and it allows participants to earn rewards on their holdings. Staking... Read More the network’s tokenTokens and Coins are often erroneously regarded as interchangeable terms. However, while both Tokens and Coins share technical similarity, tokens... Read More and correctly participating in the network. Staking helps secure the network by locking value in the network. Validators stake their tokens in exchangeA digital marketplace where you can buy and sell cryptocurrency. Read More for participation in consensusConsensus is what allows a distributed system (like the blockchain) to function as a decentralized peer-to-peer system without the need... Read More decisions.
