Delegated Proof of Stake roles and concepts
ADA
staking rewards – newly minted supply of Cardano cryptocurrency created by
the Stake Pool Operators when new blocks are certified
ADA
Reserves – coins that have not yet been minted and have not yet entered the
circulation
Delegator
– assigns authority to mint ADA on their behalf from the newly created
supply to a Stake Pool Operator
Stake Pool – transaction validator
and block producer on the Blockchain
Stake
Pool Operator – runs computers that validate transactions on the
Blockchain, to make new blocks on the Blockchain and secure the network
EPOCH –
a period of computing time on the Blockchain, approximately
5 days
Slottery – random assignment of
slots to be completed by stake pools as they verify and process transactions
Block – records transactions like a
page in a ledger book