SGTstake

Cryptocurrency

A collection of binary data which is designed to work as a medium of exchange. Individual coin ownership records are stored in a ledger, which is a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

Blockchain

A growing list of records, called blocks, that are linked together using cryptography, where each block contains information of the previous block, forming a chain, with each additional block reinforcing the ones before it. Blockchains are resistant to modification of their data as the data in any given block cannot be altered without altering all subsequent blocks.

Monitoring

Our instances are monitored using Zabbix, with zabbix help we can get flexibility and options fully control all data.

Proof of Stake

A class of consensus mechanisms for blockchains that work by selecting validators in proportion to their quantity of holdings in the associated cryptocurrency. This is done to avoid the computational cost of proof of work schemes.

Node

A member of the blockchain network that can access the blockchain and has a specific application (e.g., adding a block), which depends on the type of the node. Full nodes store a copy of the blockchain and act as a server in a decentralized network.