Glossary

• Account: It represents a user's or entity's presence on a blockchain.
• Address: A unique numerical identifier for digital wallets within a blockchain network.
• Airdrop: A promotional or gift program where specific cryptocurrencies are distributed for free.
• API (Application Programming Interface): An interface that enables data and transaction communication between software applications.
• Block: A unit in a blockchain where data is stored; it can contain multiple transactions.
• Block Explorer: A web interface used to inspect transactions and blocks on the blockchain.
• Blockchain: A continuously growing, distributed digital ledger or record system composed of independent blocks.
• Bridge: A tool that facilitates the transfer of assets or data between different blockchains.
• Bug / Bug Bounty: Software errors or security vulnerabilities, and a program that rewards those who discover such issues.
• Cold Wallet: A secure method of storing cryptocurrencies with no internet connection, typically on a device.
• Consensus Agreement among network participants for validating transactions in a blockchain network.
• Contract: Refers to smart contracts, which are self-executing programs on a blockchain.
• Crypto Wallet: A digital wallet application used to store, send, and receive cryptocurrencies.
• dApp (Decentralized Application): Decentralized applications built on blockchain technology.
• Delegator: A person or entity that grants authority to someone else to perform specific functions on a blockchain network.
• DEX (Decentralized Exchange): A decentralized exchange, a platform for direct cryptocurrency trading.
• Digital Asset: Any value represented and stored on technologies like blockchain.
• EVM (Ethereum Virtual Machine): The virtual processor of the Ethereum network where smart contracts execute and transactions take place.
• Exchange: An online platform or service used for buying and selling cryptocurrencies.
• Faucet: A website or service that often distributes free cryptocurrencies.
• Gas: The fee or resource required to execute a transaction or a smart contract.
• Gas Limit: A restriction that sets the maximum amount of gas a transaction can use.
• Genesis Block: The first block of a blockchain, marking the beginning of the blockchain's creation.
• Gwei: A unit for measuring transaction fees on the Ethereum network.
• Hash: A unique string generated through a mathematical process from data.
• Hot Wallet: An internet-connected wallet type used for quick transactions but with security risks.
• Keys: Pairs that provide access to cryptocurrency assets, typically consisting of private and public keys.
• Liquidity: The ease with which an asset can be bought or sold.
• Mainnet: The live and real version of a blockchain network where actual transactions occur.
• Market Cap: The total value of a cryptocurrency, often calculated by multiplying the circulating token supply.
• Mnemonic Phrase: A series of words used to recover or back up your cryptocurrency wallet.
• NFT (Non-Fungible Token): Unique, non-interchangeable digital assets.
• Node: A device or software component connected to a blockchain network.
• Private Key: A secret key used and stored by the owner of a cryptocurrency wallet.
• RPC (Remote Procedure Call): A communication protocol that facilitates access to blockchain networks through remote access.
• Scalability: The ability of a blockchain network to handle more transactions.
• Seedphrase: A series of words used to recover or back up your cryptocurrency wallet (serving the same purpose as a mnemonic phrase).
• Smart Contract: A self-executing program or agreement that automatically performs transactions based on specific conditions.
• Staking: The process of locking up your cryptocurrencies on a network and earning rewards.
• Swap: A transaction in which cryptocurrencies are exchanged for one another.
• Testnet: A non-live version of a blockchain network used for testing and development.
• Token: A digital unit representing assets on a blockchain network.
• Transaction: An action or transfer on a blockchain network.
• Validator: A participant in a blockchain network who verifies transactions.
• Wallet: A digital wallet application or service used to store, send, and receive cryptocurrencies.
• web3: A term referring to Web 3.0, supporting the development and use of decentralized applications (DApps).