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Web3 glossary

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Term
Definition
Validator

A validator is a node or group of nodes that participate in the consensus process by validating new transactions, adding them to the blockchain and verifying the state of a blockchain.

Vaporware

Vaporware refers to projects or tokens that are overhyped and do not have any functional product. They are often scams.

Virtual Economy

A virtual economy refers to an economy in the metaverse where digital assets can be traded through virtual currency.

Volatility

Volatility refers to the rapid fluctuation in the price of a particular cryptocurrency over time. Cryptocurrencies are known for their high volatility which occurs in response to factors such as news events, market speculation, regulatory changes and technological releases.