👹Need to Know
This section will be continually updated based on the most frequently asked questions.
What is a blockchain validator? - Blockchain validators verify transactions and receive rewards for doing to. On Proof-of-Work blockchains, like Bitcoin and Ethereum, validators are commonly referred to as miners.
What is Proof-of-Stake? - Proof-of-Stake is a transaction consensus mechanism, where validators are required to stake tokens to verify transactions. Bad actors are subject to slashing, where they lose some of their stake (not currently implemented on Solana).
What is Proof-of-History? - Solana uses a unique mechanism called Proof-of-History, which operates alongside Proof-of-Stake. Proof-of-History allows validators to verify transactions based on time. This implementation allows for Solana to operate at a much faster rate than other Proof-of-Stake blockchains. Read more in the Solana whitepaper linked below. [1]
What is a Solana validator? - Validators are what run the Solana blockchain. Validators validate transactions and provide consensus, and receive rewards for making positive contributions to the blockchain. Validators earn a consistent amount of SOL based on the inflation rate of Solana, which is why we see a validator as a great option to supplement staking.
What is a token-curated registry? - Token curated registries are a form of list management using a token. Voters must deposit an amount of tokens to back their vote, and those who are in the majority split the losing side's token deposits.
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