Blockchain Glossary | Key Crypto & Web3 Terms Explained https://coinpedia.org/tag/glossary-blockchain/ Sat, 23 Aug 2025 07:29:19 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://image.coinpedia.org/wp-content/uploads/2024/10/14133523/favicon.ico Blockchain Glossary | Key Crypto & Web3 Terms Explained https://coinpedia.org/tag/glossary-blockchain/ 32 32 Zero Knowledge Proof https://coinpedia.org/glossary/zero-knowledge-proof/ Sat, 11 Nov 2023 09:29:06 +0000 https://coinpedia.org/?p=244347

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A zero-knowledge proof is a cryptographic technique that lets one party prove a statement's truth to another without revealing any details preserving privacy and security commonly used in cryptocurrencies.

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

]]> Tokenless Ledger https://coinpedia.org/glossary/tok%d0%b5nl%d0%b5ss-l%d0%b5dg%d0%b5r/ Sat, 11 Nov 2023 07:22:06 +0000 https://coinpedia.org/?p=244259

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A tokenless ledger is a blockchain or distributed ledger that does not require native tokens for transactions making it different from token-based blockchains.

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Sharding in crypto is like breaking a big task into smaller pieces. Each piece (shard) has its own team (nodes) to handle the work. This helps the crypto network process lots of things at once, making it faster and more efficient. It's a way to handle a large number of transactions while keeping the network encrypted and speed.

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Proof of Work in crypto means validating transactions and creating new blocks by solving complex puzzles with powerful computers, but it's energy-intensive.

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Proof of Stake is a way to validate transactions and create new blocks based on the coins held and will to stake as collateral making it more energy-efficient than other methods like Proof of Work.

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

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An orphan block is a term used in blockchain technology to describe a block that has been mined but is not accepted by the blockchain network.

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

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

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