Terminology
- MEV (Maximum Extractable Value) Tips: Tips paid by users participating in a blockspace auction powered by Jito-Solana.
- Jito Tip Router NCN (Node Consensus Network): A decentralized network that takes responsibility for programmatically handling the distribution of tips collected by the Tip Distribution Protocol.
- Tip Distribution Protocol: A mechanism that aggregates SOL, generates a merkle tree and merkle root for distribution, and transfers SOL to the appropriate users/accounts.
- Merkle Root: A cryptographic representation of a set of data (in this case, validator tips) that is used to verify the integrity of data stored or transmitted in the network.
- Node: A piece of software running the required protocols as specified by the node consensus network.
- Node Consensus Network (NCN): A set of nodes running software for the same network, working together to achieve consensus and provide services.
- Operator: An entity that manages one or more nodes in the node consensus network.