Validator

A validator is a participant in a Proof of Stake (PoS) blockchain chosen to create new blocks and validate transactions based on the amount of cryptocurrency they ‘stake’ in the network. Responsible for validating new transactions and maintaining the security of the blockchain, validators play a crucial role in achieving consensus, as they confirm the authenticity and accuracy of the transaction records and add the verified data to the blockchain.

Delegated Proof of Stake (DPoS) is a variation of PoS, where coin holders vote to elect a limited number of validators responsible for validating transactions and creating new blocks.

Key Takeaway

Responsible for achieving consensus, a validator is a participant in a Proof of Stake (PoS) blockchain network chosen to create new blocks and validate transactions based on the amount of cryptocurrency they ‘stake’ in the network.

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TradFi

Traditional finance, or TradFi, is a conventional approach to financial activities that relies on established institutions, such as banks, insurance companies, investment companies, and stock exchanges.

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Collection Value

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NFT Sales Volume Index (7D)

The NFT Sales Volume Index (7D) shows the price and number of editions of a non-fungible token (NFT) collection sold over a 7-day (7D) period.

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Crypto Asset

Crypto assets are transferable digital representations of value made possible by cryptography and blockchain technology.

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24H Volume

24H Volume shows the number of a cryptocurrency’s tokens traded over a 24-hour time frame.

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7D

7D, short for seven days, refers to price data that has been collected for a cryptocurrency over a 7-day period.

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Floor Price

Floor Price is equal to the lowest-priced NFT in a collection.

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Gas (ETH)

Gas is the cost of a transaction on the Ethereum network.

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