Proof of stake, in practice
What validators actually do, what slashing punishes, and where the yield comes from.
Start here if the vocabulary itself is still new. No prior assumptions.
What validators actually do, what slashing punishes, and where the yield comes from.
Not files, not coins in a vault — a single ledger of who can spend what, agreed on by everyone at once.
One key proves who you are without ever being shown to anyone. The other is the address people send to.
One is connected to the internet and easy to spend from. The other isn't.
In a bank, your money is a claim on the bank. In self-custodied crypto, it's yours directly.
In most of the world, yes. The confusion usually comes from mixing up three different questions.
The monitoring rules were written for drug trafficking and terrorism financing. An ordinary purchase just happens to fit the same pattern.