cRYPTO Glossary

An authority masternode (AM) within the VeChain ecosystem refers to a network-connected server that hosts and runs the VeChainThor full node software.

Explanation of Specific Terms:

• VeChainThor: The blockchain platform developed by VeChain, designed for enterprise-level applications, supply chain management, and decentralized applications (dApps).
• Full node: A complete copy of the blockchain ledger that maintains and updates the blockchain network in real-time.
• Network-connected server: Refers to a dedicated computing device with internet connectivity, optimized to perform the tasks required by the VeChain blockchain, such as validating transactions and participating in consensus.

Key Points for Beginners:

• Role and Function: Authority masternodes play a crucial role in the VeChain ecosystem by maintaining network stability, processing transactions, and participating in governance and consensus mechanisms.
• Requirements: Operators of authority masternodes typically need to stake a significant amount of VeChain's native cryptocurrency (VET) as collateral to qualify for running a masternode.
• Incentives: Operators may earn rewards in VET tokens for successfully validating transactions and contributing to the security and efficiency of the VeChainThor blockchain.