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Glossary

What is a Validator?

The short answer

A participant on a proof-of-stake network responsible for checking and confirming transactions.

Validators stake coins as a financial commitment to behave honestly; dishonest behaviour can result in a penalty called “slashing.” Ordinary holders often delegate their stake to a validator rather than running one themselves.

Related terms

Full glossary

Altcoin

Informal shorthand for any cryptocurrency that isn't Bitcoin.

Whale

Slang for an individual or entity holding a very large amount of a given cryptocurrency.

Proof of Stake

A consensus method (used by Ethereum) where network security comes from participants locking up coins as collateral.

Blockchain

A shared, tamper-evident record of transactions, copied across many independent computers instead of one company's private database.

Volatility

How much and how quickly a price moves, in either direction.

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