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qortal_glossary

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qortal_glossary [03/24/2025 15:29] – [Minting] 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 =====
qortal_glossary.1742844541.txt.gz · Last modified: 03/24/2025 15:29 by crowetic