Actor
Actors are computer programs that interact with distributed ledger technology (DLT) networks. They typically act as facilitators or intermediaries in transactions, help to verify and validate data on the network, and can even provide services such as smart contract execution. Actors usually have their own blockchain address where they store digital assets like cryptocurrency tokens.
Just like actors in real life performances, actors on DLT networks use scripts written by developers to determine how they will behave when interacting with other participants or performing specific tasks within a transaction. Depending on the particular Blockchain protocol being used, there may be different types of actors involved in any given transaction – for example miners who confirm blocks of transactions; validators who process payments; custodians who manage user accounts; etc.. Additionally, some protocols also allow users to create custom roles for certain actions – this is known as “orchestration” and allows complex activities such as automated trading between two parties without relying solely on one actor’s ability to complete all steps necessary for each trade.
Each actor has its own set of rules and responsibilities which must be met before it can successfully execute a task or participate in a transaction — these conditions are enforced through code written into the script governing each action taken by an actor during interactions with others within the network ecosystem. If an actor fails to adhere to these pre-defined parameters then it could lead to errors occurring throughout the system which would ultimately affect overall performance negatively if not rectified quickly enough
