Liquid Proof of Stake (LPoS)
By CoinGecko | Updated on Aug 12, 2021
A proof of stake consensus mechanism by Tezos that slightly differs from Delegated Proof of Stake.
Related Terms
Satoshi
A unit measure for the smallest divisible unit of a bitcoin. 1 bitcoin is equal to 100 Million Satoshi.
Hybrid PoW/PoS
It is the allowance for both Proof-of-Stake and Proof-of-Work distribution consensus to work on the same network.
Mining Reward
The reward resulting from contributing computing resources to process transactions
Merkle Tree
A Merkle tree is also known as a hash tree in cryptography. It is a tree where every lead node is labelled with cryptographic hash of a data block, and every non-leaf node is labelled with the hash of the labels of its child nodes. It is used to verify of data stored within it and transferable in and between computers.
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