What is the difference between validator, delegator, coiner and user

From Minter Wiki


All Minter network users (individuals or legal entities) have their name and role that depends on goals and tasks they solve within network. Those roles are neither chosen at sign-up nor assigned for some achievements.

  • Validator is a user who keeps a node up and running as well as verifies and signs transactions. The fact is Validator maintains the network’s operation. A Validator can vote on major decisions in Minter network. Validator’s voting power depends on the size of the stake (own + delegated) directly.
  • Delegator is a user who delegates (bonds) his coins to selected Validators and thus gives him a vote. It allows the Validator to increase his voting power. The Delegator constantly receives a reward from the delegated coins.
  • Coiner is a user who issues his custom coins (tokens) for maintaining and promoting own projects, integrating them into an offline-business or for other purposes.
  • User simply use a wide functionality of Minter network, performs transactions, pays for purchases, invests in promising Custom coins and receives profit.

Thus the same user can launch a node and become a Validator, as well as create a project and issue its tokens, becoming a Coiner at the same time.

As an example, a legal entity that has a functional business creates its own Minter network token. In that case this entity becomes a Coiner and directs a share of their profit to Validators’ nodes, becoming a Delegator at the same time. But the legal entity that receives payments and/or makes purchases with Minter network tokens is a common User.