Mining & Staking — Web3 Glossary

126 terms • Part of the Cointegrity Web3 Glossary

• Actively Validated Services (AVS) — Actively Validated Services are applications and protocols that leverage restaked cryptocurrency...
• Algorand — Algorand is a pure Proof of Stake blockchain platform engineered to solve the blockchain...
• ASIC Mining — ASIC mining involves using Application-Specific Integrated Circuits—custom-designed computer chips...
• ASIC-Resistant — ASIC-resistant refers to a cryptocurrency mining algorithm intentionally designed to resist...
• ASIC-resistant Algorithms — ASIC-resistant algorithms are mining functions deliberately engineered to prevent specialized...
• Babylon — Babylon is a Bitcoin staking protocol that enables Bitcoin holders to stake their BTC to secure...
• Bakers (Tezos) — Bakers are validators on the Tezos blockchain who participate in the network's Liquid Proof of...
• Bitcoin Halving Events — Bitcoin halving events occur approximately every four years (every 210,000 blocks) and permanently...
• Bitcoin Staking — The use of Bitcoin as economic collateral to secure proof-of-stake networks or earn yield, a...
• Bittensor — Bittensor is a decentralized machine learning network that creates a marketplace for artificial...
• Block Producer Layer — The Block Producer Layer is the consensus mechanism component in Delegated Proof of Stake (DPoS)...
• Block Reward — The total compensation awarded to miners (in PoW) or validators (in PoS) for successfully producing...
• Bonded Proof of Stake — Bonded Proof of Stake is a consensus mechanism where validators must lock up cryptocurrency...
• Byzantine Fault Tolerance Delegate Proof of Stake (BFT-DPoS) — BFT-DPoS combines Delegated Proof of Stake governance with Byzantine Fault Tolerance consensus...
• Candidate Block — A candidate block is a block that a miner or validator has constructed and is actively attempting...
• Cardano — Cardano is a third-generation blockchain platform distinguished by its foundation in peer-reviewed...
• Cloud Mining — Cloud mining is a service model where individuals rent mining hardware or computing power from...
• Consensus Mechanisms — Consensus mechanisms are the protocols and algorithms that enable distributed networks to reach...
• CPU Miner — A CPU miner is an individual or entity that participates in blockchain network consensus by...
• CPU Mining — CPU mining is the process of validating cryptocurrency transactions and creating new blocks using a...
• Cross-Chain Staking — Cross-chain staking refers to mechanisms that allow users to lock tokens on one blockchain while...
• Data Storage Mining — Data storage mining is the process of earning cryptocurrency rewards by contributing unused hard...
• Delegated Proof of Contribution (DPoC) (ICON Network) — The consensus and governance protocol of the ICON network. DPoC allows token holders to delegate...
• Delegation — Delegation is the process by which cryptocurrency token holders assign their staking rights and...
• eETH — The liquid restaking token issued by Ether.fi when users deposit ETH into the protocol,...
• Effective Proof of Stake (EPoS) (Harmony) — Effective Proof of Stake is Harmony's modified version of Proof of Stake that reduces validator...
• EigenLayer — EigenLayer is a restaking protocol built on Ethereum that enables validators to secure additional...
• Electing Nominator — An electing nominator in Polkadot's Nominated Proof-of-Stake (NPoS) system is a token holder who...
• Emission Schedule — An emission schedule is a predetermined plan that specifies the rate at which new tokens are...
• Ethash — Ethash is the memory-hard proof-of-work algorithm that secured Ethereum from its genesis in 2015...
• Ether.fi — Ether.fi is the largest liquid restaking protocol, enabling users to stake ETH and simultaneously...
• Ethereum Proof of Stake Transition — The Merge, executed on September 15, 2022, represented Ethereum's transition from proof-of-work...
• ezETH — The liquid restaking token issued by Renzo Protocol when users deposit ETH or liquid staking tokens...
• Federated Byzantine Agreement (FBA) — Federated Byzantine Agreement is a consensus mechanism where each network node independently...
• Forging — Forging is the process of creating and validating new blocks in Proof of Stake (PoS) blockchains,...
• GPU Mining — GPU mining is the process of using graphics processing units to solve cryptocurrency mining...
• Group Mining — Group mining, commonly known as pool mining, is a collaborative approach where multiple miners...
• Hash Rate — The total computational power being contributed to a proof-of-work blockchain network by all...
• Hashrate — Hashrate measures the total computational power of a proof-of-work blockchain network, expressed in...
• Honeyminer — Honeyminer is a user-friendly cryptocurrency mining software that abstracts away technical...
• Incentive Mechanisms — Incentive mechanisms are deliberately engineered reward systems embedded within blockchain...
• Jito — Jito is the dominant MEV infrastructure provider and liquid staking protocol on Solana, operating...
• JitoSOL — The liquid staking token issued by Jito when users stake SOL through the Jito liquid staking...
• Karak Network — Karak Network is a universal restaking protocol designed to extend the restaking model beyond...
• Kelp DAO — Kelp DAO is a liquid restaking protocol that issues rsETH, a liquid restaking token representing a...
• Leased Proof of Stake (LPoS) — Leased Proof of Stake is a consensus mechanism that democratizes validation participation by...
• Lido Finance — Lido Finance is the largest liquid staking protocol that allows users to stake Ethereum without the...
• Liquid Restaking Tokens (LRTs) — Liquid Restaking Tokens (LRTs) are derivative blockchain tokens that represent restaked...
• Liquid Staking — Liquid staking is a DeFi mechanism that allows users to stake cryptocurrency (securing blockchain...
• Liquid Staking Tokens — Liquid staking tokens are derivative tokens that represent a user's staked cryptocurrency in...
• Marinade Finance — Marinade Finance is the original liquid staking protocol on Solana that solved the problem of...
• Masternodes — Masternodes are full nodes that go beyond standard blockchain validation by performing enhanced...
• Megahashes per Second — Megahashes per second (MH/s) is a unit of measurement that quantifies the computational power or...
• Merged Mining — Merged mining is a technique allowing miners to simultaneously mine two or more blockchains that...
• Mineable — Mineable refers to any cryptocurrency that can be created or earned through the mining process,...
• Miners — Miners are network participants who operate computational hardware to solve cryptographic puzzles...
• Mining — Mining is the process of validating transactions and securing proof-of-work blockchain networks by...
• Mining Algorithm — A mining algorithm is the specific cryptographic hash function or computational puzzle that miners...
• Mining Contract — A mining contract is a commercial agreement between an investor and a mining operation company...
• Mining Difficulty — Mining difficulty is a dynamically adjusting parameter in proof-of-work blockchains that controls...
• Mining Farm — A mining farm is a large-scale cryptocurrency mining operation, typically housed in industrial...
• Mining Pools — Mining pools are collaborative networks where individual miners combine their computational...
• Mining Reward — A mining reward is the total compensation a miner receives for successfully validating a block and...
• Mining Rigs — A mining rig is a specialized computer system optimized for cryptocurrency mining operations....
• Mining-as-a-Service — Mining-as-a-Service (MaaS) is a business model where companies provide cryptocurrency mining...
• Minting — The process of creating new tokens or digital assets on a blockchain network through various...
• mSOL — The liquid staking token issued by Marinade Finance when users stake SOL through the protocol,...
• Multi-asset Restaking — A restaking model that accepts a broad range of assets as economic collateral to secure Actively...
• Mutualized Proof of Stake (MPoS) — Mutualized Proof of Stake is a consensus mechanism variant where block production rewards are...
• Nakamoto Consensus — Nakamoto Consensus is the foundational agreement mechanism that secures Bitcoin and combines Proof...
• Native Restaking — A restaking approach in which Ethereum validators extend their staked ETH to secure additional...
• Nonce — A nonce is a "number used once" that miners in Proof-of-Work systems repeatedly modify to find a...
• Nounce — This term is likely a typo for 'Nonce'. A Nonce (Number only used once) is a number added to a...
• Ommer Block — An ommer block, also known as an "uncle block," is a valid block that was mined or validated but...
• Orphan Block — An orphan block is a valid block that has been successfully mined and meets all protocol...
• Participation Node — A participation node is a validator on the Algorand blockchain that takes an active role in the...
• PoS/PoW Hybrid — A PoS/PoW hybrid is a consensus mechanism that combines elements of both Proof of Work and Proof of...
• Post-Mine — Post-mine refers to a period of cryptocurrency mining that occurs after a blockchain network's...
• Pre-Mining — Pre-mining is the practice of creating and distributing cryptocurrency coins before a project's...
• Probabilistic Finality — Probabilistic finality is a consensus property where transactions become progressively more final...
• Proof of Activity — Proof of Activity is a hybrid consensus mechanism that combines Proof of Work and Proof of Stake to...
• Proof of Capacity (PoC) — Proof of Capacity is a consensus algorithm that allocates mining rights based on the amount of hard...
• Proof of Coverage (PoC) — Proof of Coverage is a consensus mechanism used by Decentralized Physical Infrastructure Networks...
• Proof of Elapsed Time (PoET) — Proof of Elapsed Time is a consensus mechanism primarily designed for permissioned blockchains that...
• Proof of Importance (PoI) — Proof of Importance is a consensus algorithm that selects block validators based on multiple...
• Proof of Liquidity — A novel consensus mechanism introduced by Berachain in which validators must provide liquidity to...
• Proof of Replication (PoRep) — Proof of Replication is a specialized cryptographic proof that demonstrates a miner possesses a...
• Proof of Service — Proof of Service is a consensus system that rewards network participants, often masternodes or...
• Proof of Spacetime (PoSt) — Proof of Spacetime is a cryptographic proof mechanism used in decentralized storage networks to...
• Proof of Stake (PoS) — Proof of Stake is a consensus mechanism where validators replace miners and are selected to create...
• Proof of Storage (PoS) — Proof of Storage is a consensus algorithm where network participants prove they are genuinely...
• Proof of Transfer — The consensus mechanism used by the Stacks blockchain, which secures its blocks by requiring miners...
• Proof of Validation (PoV) — Proof of Validation is a consensus mechanism where staked validator nodes achieve agreement on the...
• Proof of Work (PoW) — Proof of Work is a consensus mechanism that secures blockchain networks by requiring miners to...
• pufETH — The liquid restaking token issued by Puffer Finance when users participate in the protocol's native...
• Puffer Finance — Puffer Finance is a native liquid restaking protocol designed to democratize restaking by enabling...
• Pure Proof of Stake (PPoS) — Pure Proof of Stake is a consensus mechanism that selects validators to propose and confirm blocks...
• Renzo — Renzo is a prominent liquid restaking protocol that simplifies participation in restaking by...
• Repair Miners — Repair miners are specialized participants proposed for the Filecoin network who would focus on...
• Restaking — Restaking is a mechanism that allows cryptocurrency users to re-deploy their already-staked...
• Retargeting — Retargeting, also called difficulty adjustment, is the automated process that adjusts mining...
• Ring Miners — Ring miners are specialized participants in the Loopring protocol who operate as off-chain order...
• Rocket Pool — Rocket Pool is a decentralized Ethereum staking protocol that enables permissionless staking...
• rsETH — The liquid restaking token issued by Kelp DAO when users deposit ETH or liquid staking tokens into...
• Scrypt — Scrypt is a memory-hard, password-based key derivation function designed to resist brute-force...
• Secure Element Chips — Secure Element chips are specialized, tamper-resistant hardware components specifically designed to...
• SHA-256 — SHA-256 (Secure Hash Algorithm 256-bit) is a cryptographic hash function that produces a fixed...
• Shared Security — A model in which the economic security of one established blockchain network is extended to secure...
• Slashing — Slashing is a penalty mechanism in proof-of-stake consensus networks designed to discourage...
• Slot (Ethereum) — A slot is a fixed 12-second time interval in Ethereum's Proof of Stake consensus mechanism. During...
• Smart Chain Validator Nodes — Smart Chain Validator Nodes are network participants on the BNB Smart Chain (formerly Binance Smart...
• Staking — The process of holding and locking cryptocurrency tokens in a blockchain network to support network...
• Staking Rewards — Staking rewards are financial incentives distributed to cryptocurrency holders who participate in...
• Staking Yield — The return earned by participants who lock cryptocurrency tokens to support network operations,...
• Staking-as-a-Service — Staking-as-a-Service platforms automate the technical and operational complexities of...
• Stale Block — A stale block is a valid block that has been successfully mined and meets all protocol...
• Storage Miners — Storage miners are network participants in decentralized storage systems who contribute their...
• Supermajority (Ethereum) — In Ethereum's Proof of Stake consensus protocol, a supermajority represents at least two-thirds of...
• Sustainable Blockchain — Sustainable blockchain refers to blockchain networks designed with environmental responsibility as...
• Symbiotic — Symbiotic is a permissionless shared security protocol that competes with EigenLayer by offering a...
• Tendermint Core Byzantine Fault Tolerance (BFT) — Tendermint Core Byzantine Fault Tolerance is a consensus engine that combines Proof of Stake with...
• Terahashes per Second — Terahashes per second (TH/s) is a measurement unit for hash rate representing one trillion (10^12)...
• Unbonding Period — An unbonding period is a mandatory lockup duration in proof-of-stake networks between when a...
• Validator Client — The software that a blockchain validator runs to participate in the network's consensus process,...
• Validator Delegation — The mechanism by which token holders who do not wish to run their own validator nodes can assign...
• Validator Nodes — Validator nodes are computers operated by network participants who actively participate in...