A blockchainA blockchain is a distributed database that is shared among the nodes of a computer network. Read More validatorBlockchain validators are responsible for verifying transactions on a blockchain. Once verified, validators add the verified transactions to the distributed... Read More is someone who is 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 transactions are verified, they are added 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 Bitcointesting out a lowercase version of this. Read More, validators, also known as minersThe plugin doesn't mess with the featured image feature either, but allows WordPress and the theme we choose to hide/show... Read More, solve complex computational math problems in order to win the right to verify transactions and receive rewards for the “work.” 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 are given rewards as long as they stake 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 participate in the network. This mechanism helps secure the network by imposing the need to lock up value in the network in order to participate in the 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.
