Staking is the process of maintaining the cryptocurrencies blocked into the blockchain to obtain rewards. In networks under the PoS protocol, nodes need to stake to validate new transactions, and for that they are rewarded. This process is similar to Holding, but through Staking, the cryptocurrencies are not tradable.« Back to Glossary Index
Sharding is the process to divide a database into several pieces or shards to decrease the work load. This way, each shard manages just a small piece of information. In blockchain, sharding is used to increase the number of transactions per minute. This improves the scalability of the network.
A node is every single computer where an updated and complete copy of the DLT network can be stored. Nodes are in charge of the validation of new transactions. When the nodes validate a new transaction, this is added to the network, and the nodes receive a copy of the updated network. This way, the […]