BlockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions.... Read More validators are responsible for verifying transactions on a blockchain. Once verified, validators add the verified transactions to the distributed ledgerA ledger is a database that stores recorded data; a distributed ledger synchronizes that data across a network of nodes.... Read More. In proof of work (PoW)Proof of work (PoW) is a type of algorithm that rewards the first user (miner) that succeeds in solving a... Read More systems like BitcoinOne bitcoin is a unit of the virtual currency called Bitcoin. BTC is the ticker symbol for Bitcoin, and refers... 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) systems randomly select block validators from all nodes in the blockchain network. Block validators must lock... Read More systems, validators receive rewards for staking the network’s tokenTokens are created and distributed on a blockchain and can represent a variety of assets or utilities, including commodities, loyalty... Read More and correctly participating in the network. Staking helps secure the network by locking value in the network. Validators stake their tokens in exchangeAn exchange is a marketplace where traders can buy and sell cryptocurrencies and other digital assets. The "exchange" acts as... Read More for participation in consensusConsensus allows a distributed system such as a blockchain to function as a decentralized peer-to-peer system without the need to... Read More decisions.
