The following terms are used throughout the documentation.
A front-end application that interacts with a Velas cluster.
Smallest encrypted chunk of ledger, an encrypted ledger segment would be made of many CBC blocks.
ledger_segment_size / cbc_block_size to be exact.
Some number of epochs after stake has been deactivated while it progressively becomes available for withdrawal. During this period, the stake is considered to be "deactivating".
See vote credit.
A multicast network used to efficiently validate entries and gain consensus.
An off-chain service that acts as a custodian for a user's private key. It typically serves to validate and sign transactions.
- The entry being generated after a duration of time
- The specified transactions are those included in the entry
- The entry's position with respect to other entries in ledger
See Proof of History.
The fee account in the transaction is the account pays for the cost of including the transaction in the ledger. This is the first account in the transaction. This account must be declared as Read-Write (writable) in the transaction since paying for the transaction reduces the account balance.
When nodes representing 2/3rd of the stake have a common root.
A ledger derived from common entries but then diverged.
The first block in the chain.
A digital fingerprint of a sequence of bytes.
An increase in token supply over time used to fund rewards for validation and to fund continued development of Velas.
A hash of the validator's state at a given tick height. It comprises a validator's affirmation that a block it has received has been verified, as well as a promise not to vote for a conflicting block (i.e. fork) for a specific amount of time, the lockout period.
A program with the ability to interpret the binary encoding of other on-chain programs.
A computer participating in a cluster.
See Proof of History.
A weighted credit in a rewards regime. In the validator rewards regime, the number of points owed to a stake during redemption is the product of the vote credits earned and the number of lamports staked.
The private key of a keypair.
The code that interprets instructions.
Proof of History
A stack of proofs, each which proves that some data existed before the proof was created and that a precise duration of time passed before the previous proof. Like a VDF, a Proof of History can be verified in less time than it took to produce.
The public key of a keypair.
A block or slot that has reached maximum lockout on a validator. The root is the highest block that is an ancestor of all active forks on a validator. All ancestor blocks of a root are also transitively a root. Blocks that are not an ancestor and not a descendant of the root are excluded from consideration for consensus and can be discarded.
A set of constraints that once satisfied, signal to a program that some predefined account updates are permitted.
2/3 of a cluster.
A ledger entry that estimates wallclock duration.
A scarce, fungible member of a set of tokens.
Transactions per second.
A set of transactions that may be executed in parallel.
verifiable delay function
A function that takes a fixed amount of time to execute that produces a proof that it ran, which can then be verified in less time than it took to produce.
See ledger vote.
A reward tally for validators. A vote credit is awarded to a validator in its vote account when the validator reaches a root.
A collection of keypairs.
Some number of epochs after stake has been delegated while it progressively becomes effective. During this period, the stake is considered to be "activating". More info about: warmup and cooldown