Decryptopedia™

Terms that start with “V”

1. Validator

   Much like miners in a Proof-of-Work(PoW) network, they are network nodes that operate in Proof of Stake (PoS) blockchains, also validating transaction blocks to the blockchain. Validators are generally picked at random, based on the amount of cryptocurrency they are willing to stake or lock up in a smart contract, to win the rights to validation. This is different than the competition-style mechanism like Proof-of-Work (PoW)

2. Vitalik Buterin

   Vitalik Buterin is best known for being a co-founder of Ethereum, along with co-founders  Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. In 2013, Buterin first published his ideas behind Ethereum in a whitepaper, proposing that Bitcoin (BTC) lacked a scripting language for application development. He also co-founded Bitcoin Magazine in 2011, later becoming its leading writer.

3. Volatility

   Volatility is the measure of fluctuation in an asset’s price over some period of time. If you’ve ever watched a cryptocurrency price chart, you’ll notice the crypto prices shift dramatically, up and down, sometimes in a matter of minutes. This is an example of the volatile nature of cryptocurrency prices, which are more volatile compared […]