Active Stake
The stake (tokens) that is currently used by pools.
A blockchain is a distributed digital ledger maintained by a set of validators that remains correct even if some of the validators (less than a third) are malicious.
Process of locking up staking tokens for a period of time to obtain voting power. Bonded tokens give the right to rewards and are exposed to slashing.
Consensus Algorithm
A consensus algorithm is a process in computer science that achieves agreement on a state value among distributed nodes.
Delegators are staking token holders that contribute to the security of a blockchain network by delegating the voting power they obtain from bonding to secure and highly available validators.
Live Stake
The total amount of stake (tokens) that a stake pool controls. It combines the stake owned by the pool operator with any stake that has been delegated to the pool by other ada holders. It can be measured as a total ada amount (e.g., 5 million ada), or as a percentage of the total supply of ada within the network (e.g., 3%).
Process of creating new units of tokens.
A mnemonic is a sequence of words that is used as seed to derive private keys. The mnemonic is at the core of each wallet. Never lose your mnemonic. Write it down on a piece of paper and store it somewhere safe. If you lose it, there is no way to retrieve it. If someone gains access to your mnemonic, they gain access to all the associated accounts.
A permissionless system is an open system that everyone can join and participate in.
Proof-of-Stake (PoS) is an incentivisation layer that works in conjunction with a consensus layer to prevent Sybil attacks and incentivise validators to behave correctly.
Public Key
A public key is a piece of information obtained by applying a one-way mathematical function on a private key. From the public-key, an address can be derived. A private key cannot be found from a public key.
Newly minted tokens and transactions fees that are given out as rewards to bonded staking token holders.
Smart Contract
Smart contracts are account holding objects that contain code functions. They are usually deployed on blockchains that have a virtual machine as part of their application layer.
A testnet is a blockchain network dedicated to testing the software.
A token is a digital asset usually stored and secured by a blockchain.
Validators are special full-nodes that take part in the consensus algorithm to collectively add blocks to the blockchain.