Terminology

This section houses definitions for several key terms referred to throughout this manual. [This page is incomplete.]

General terms

Proof-of-Stake (PoS)

The PoS concept states that a person can mine or validate block transactions according to how many coins they hold. This is a vastly improved iteration on Proof-of-Work (PoW), which relies on immense amounts of computational power to advance the state of the blockchain.

Validator

Most often refers to a validator client instance, but can also refer to an individual that is physically managing a validator client.

Proposal (propose)

The process of creating and adding new blocks to the beacon chain.

Attestation (attest)

The process of voting on the validity of newly created blocks on the beacon chain.

ETH1

The existing Ethereum 1.0 protocol.

Technical terms

Canonical head block

The latest block to be proposed on a blockchain.

Key-value store

A data storage paradigm designed for storing, retrieving, and managing hash tables.

Fork choice rule

A function evaluated by the client that takes, as input, the set of blocks and other messages that have been produced, and outputs to the client what the 'canonical chain' is.