What is a blockchain?
Wallets
Transactions
Proof-Of-Stake (Validators)
A blockchain is a distributed database or ledger that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format.
Learn MoreA blockchain wallet is a digital wallet that allows users to store and manage their cryptocurrencies. A blockchain wallet allows transfers in cryptocurrencies and the ability to convert them back into a user's local currency.
Learn MoreA transaction is a transfer of value on the blockchain. In very simple terms, a transaction is when one person gives a designated amount of cryptocurrency they own to another person. How can we check if the transaction is Fraudelent? Lets talk about Validators!
Learn MoreProof-of-stake reduces the amount of computational work needed to verify blocks and transactions. Under proof-of-work, it kept blockchain secure. Proof-of-stake changes the way blocks are verified using the machines of coin owners, so there doesn't need to be as much computational work done. The owners offer their coins as collateral—staking—for the chance to validate blocks and then become validators.
Calm down mister tech guy, im not reading a white-paper, im just trying to learn how I can benefit as a Validator.
Ok, Lets go!
Basically every blockchain has their own way to gift validators that stake their coins in other to validate transactions.
Learn MoreOur algorithm rewards and chooses a validator based on three things: Amount of stake, validated transactions, time in staking.
Learn MoreWe are trying to change the world, so how can we be rewarding as fair as possible?
We measure your stake with the amount of transactions that you are being rewarded for, imagine the scenario were
you are staking 10% of all the amount staked at the moment. It is only fair that you validate at least 10% of the total transations, isn't it?
Coupled with the amount of time that you have staked your coins, we generate a staking index that will benefit those that are not meeting this requirements
This implicits that no matter what you invest you will be rewarded accordingly to your investment
Your transaction was sucessfully sent to the blockchain, it will be aproved depending on the currect demand of the blockchain. You can check the transaction pool to see if your transaction is pending, check the blocks page, or wait until your wallet updates.
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