Glossary-Blockchain

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Zero Knowledge Proof

Zero Knowledge Proof

A zero-knowledge proof is a cryptographic technique that lets one party prove a statement's truth to another without revealing any…

November 11, 2023

Transaction Hash

A transaction hash is a unique code that identifies and records blockchain transactions for verification and tracking.

November 11, 2023

Tokenless Ledger

A tokenless ledger is a blockchain or distributed ledger that does not require native tokens for transactions making it different…

November 11, 2023

Sharding

Sharding in crypto is like breaking a big task into smaller pieces. Each piece (shard) has its own team (nodes)…

November 11, 2023

PoW

Proof of Work in crypto means validating transactions and creating new blocks by solving complex puzzles with powerful computers, but…

November 11, 2023

Pos

Proof of Stake is a way to validate transactions and create new blocks based on the coins held and will…

November 11, 2023

POA

POA stands for Proof of Authority, A blockchain consensus mechanism where trusted entities validate transactions and create blocks, commonly used…

November 11, 2023

Orphan Block

An orphan block is a term used in blockchain technology to describe a block that has been mined but is…

November 11, 2023

Node

Node is like a computer that helps run the network by processing transactions and ensuring security.

November 11, 2023

Validator

A validator in cryptocurrency is like a transaction referee who checks and approves transactions, helping maintain the blockchain's security and…

November 10, 2023

Ledger

A record or database containing all historical transactions on the network.

November 10, 2023

Hash

Hashing transforms a key or string into a shorter fixed value for easier access and use, commonly used in creating…

November 10, 2023

Genesis Block

It is the very first block mined in a cryptocurrency network like Bitcoin. It marks the beginning of the blockchain…

November 10, 2023

Gas Limit

The gas limit is the maximum computation allowed in a single blockchain block, controlling transaction costs and ensuring network stability.

November 10, 2023

Gas Fee

Gas fееs in thе Crypto arе transaction fееs rеquirеd to facilitatе and validatе various opеrations on thе nеtwork.

November 10, 2023

Fork

Forking in cryptocurrency is when the community makes a significant change to the blockchain. Forks are initiated for various reasons…

November 10, 2023

Ethereum

Ethereum is known for its cryptocurrency and the blockchain technology it employs. This technology facilitates the creation and maintenance of…

November 10, 2023

dApp

Stands for decentralized applications which use blockchain technology to create transparent, secure, and inclusive systems.

November 10, 2023

Cardano

Cardano (ADA) is PoS blockchain platform. its ecosystem allows developers to build tokens and dApps (decentralized apps)

November 10, 2023

Blockchain

Blockchain is a decentralized database technology that keeps track of data in interconnected blocks providing transparency and security using cryptographic…

November 10, 2023