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qortal_glossary [03/24/2025 15:13] – [Ledger] croweticqortal_glossary [03/24/2025 15:36] (current) – [Block Signer] crowetic
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 ===== Block Signer ===== ===== Block Signer =====
  
-The node which is the last to sign off a block before new block can be created. Qortal does not have a mining system that only rewards the block signer, we MINT where everyone who takes part each block, warns portion of the block reward. See the [[Block Rewards & Distribution]] page for more info.+The Block Signer in any blockchain-based system, refers to the account which 'signed' (or created and added the block into the chain) the block. A blockchain is cryptographic database, each block, along with the transactions inside of it, is 'signed' by an account that has the rights to do soThis signer account says 'I approve this block is following the rules of this system', and it is then verified by every other node on the network.  
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 +The block signer of Qortaldoes not get anything 'special' for being the signer. Any level 5+ minter on the Qortal Network could potentially be the signer of any given block. On Qortal, signing the block itself isn't treated with any special circumstance, unlike most chains wherein being the signer is the only way to obtain the block reward.  
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 +Qortal aims to provide completely fair distribution, so the signer is not the only one rewarded every payout block. Insteadany signer creates the block, and during the reward distribution block every minter is rewarded regardless of who signed it. Bringing about completely fair method of coin creation and distribution. All newly minted QORT for that payout period, and transaction fees from created transactions within the last x number of blocks for the payout period, are paid out to every minter based on the distribution. See more - [[block_rewards_distribution|]]
  
 ===== Bootstrap ===== ===== Bootstrap =====
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 ===== Minting ===== ===== Minting =====
    
-We do not MINE, we MINT! Mintingis the process of 'finding blocks' in Qortal. We are not using term like ‘Proof of ___’ for this mining system… it is simply called ‘minting’ See the [[Minting Overview]] page for more info.+Minting is the terminology utilized when discussing the Qortal Consensus Mechanism. Qortal has a custom Consensus mechanism unlike any other blockchain. Developed from scratch to address all issues in the blockchain space. Qortal's minting system utilizes a Memory-based proof-of-work (PoW) algorithm as part of its consensus, along with Proof of Contribution Over TimeHowever, the PoW  algo that Qortal uses is not like other PoW algos like Bitcoin and plethora of additional blockchain-based systems, those system utilize a CPU-based PoW that uses 100% of the CPU 24/7.  
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 +Qortal, on the other hand, can be utilized on 'any' computer, down to even a Raspberry Pi 4, palm-sized computer. Qortal is meant to allow anyone to take part in the process of creating new blocks, and to be rewarded for doing so. See the [[Minting Overview]] page for more info
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 +There is no such thing as 'mining' on Qortal. Our blockchain moves by 'minting'. This is NOT the minting you've heard of with ETH and other such nonsense with 'tokens' that are on another chain. Minting on Qortal is actually the Proof of Contribution Over Time and Memory Proof of Work, consensus mechanism that actually moves the layer 1 chain of Qortal. Minting allows each new block to be added to the chain once this consensus' rules have been met. Any node that has a valid minting key assigned to it, with an account attached to that key that is level 5 or higher, could potentially sign a block on the Qortal Blockchain, and help move the chain forward
  
 ===== Node ===== ===== Node =====
qortal_glossary.1742843625.txt.gz · Last modified: 03/24/2025 15:13 by crowetic