"Roles in Cryptoeconomic Systems" TAG

Block Explorer
  • glossary
A block explorer is an application that allows for the examination of blockchains. These programs enable the user to view information as detailed as individual blocks, transactions and addresses at a given point in time. One can also view histories of forks and orphaned chains. Block explorers are specific to certain blockchains and can only...
Full Node
  • glossary
A full node is any device that connects to a blockchain network, contains a complete copy of the blockchain’s transaction history, and can fully verify the chain’s consensus rules. A network’s full nodes contrast with a network’s nodes (any device that can connect to the network) as well as a network’s lightweight nodes (devices that...
Lightweight Node
  • glossary
A lightweight node is a type of blockchain node client that validates transactions by downloading only the block headers, not the entire contents of the blocks. This significantly reduces the storage requirements for node operators. Lightweight nodes do not interact directly with a blockchain or its consensus process, and instead use full nodes as intermediaries...
Mining
  • glossary
In the context of ablockchain based ecosystem, “mining” describes a process where a distributed network of independent actors achieve shared consensus on the state of transactions on the blockchain. The process of mining is generally used in reference to a type of distributed consensus mechanism called “Proof of Work”, which was originally introduced in the...