| title | has_children | nav_order |
|---|---|---|
Terminology |
false |
100 |
- Account
- Is cryptographic key pair that holds a balance and signs transactions. Transactions have a minimum balance to be considered active on the network.
- Address
- The public key address for an account that can receive transactions on the platform.
- Block
- A group of transactions that will be validated and voted upon by other delegates in the current term of its creation.
- Block Vote
- Delegates vote on blocks during a round in a term to validate the accuracy of the delegate creating the block.
- Bond
- An amount of stake in the creation of a block that will be forfeited by a delegate if an invalid block is provided by a designated position in the current term.
- Delegate
- A vetted account that is allowed to receive votes to be selected for a position in a term to create blocks for a reward. Delegates must pay a fee and provide KYC information.
- Delegate Node
- A full node ran by a delegate that must meet hardware and performance requirements during operation or it will lose its position and delegate status for the operator.
- Election
- The tallying of votes for delegates placed in order of most to least to select delegates for the next term.
- Fee
- An amount paid to the foundation for redistribution back into the platform and it's supporting systems.
- Forfeit
- The loss of the bond posted by a delegate during block creation. The bond is paid to the delegate in the next position in the current term.
- Foundation
- The governing body of the platform that manages fees and the base protocols of the network.
- Genesis Account
- The initial accounts governed by the foundation that are hardcoded into the protocol.
- Module
- A piece of software that runs on the platform and adds a set of features to the network.
- Name
- The label for an account on the network.
- Network
- The sum of all nodes connected under the consensus protocol.
- Node
- An account connected to the network abiding by consensus protocols to communicate with other nodes. A node can operate in different modes that will provide different features depending on its settings.
- Peer
- Peer is often used specifically in the networking layer of the peer to peer protocol but is synonymous with a Node.
- Position
- An ordered placing in a term held by an elected delegate selected by a majority vote.
- Rename
- The act of relabeling an account on the platform for a fee.
- Term
- A term, a set the number of blocks in length, in which votes are tallied and delegates are selected by a majority to do the creation and validation of blocks.
- Transaction
- The base component of the platform that is transmitted from peer to peer that contains network and module data.
- Transaction Fee
- The amount paid by an account to a delegate for selection in a block.
- Vote
- The act of an account voting for delegate in hopes that the delegate is a majority and selected for the next term. Votes are permanent until changed by paying a fee.