IX.1 Terminology
Blockchain: A distributed and secure database where data is stored in blocks linked together with cryptography.
Mainnet: The primary network of a blockchain where real transactions and activities occur and hold economic value.
Testnet: A blockchain's test network used to experiment with features and updates without affecting the main network.
Stellar Consensus Protocol (SCP): A consensus protocol used in the Stellar blockchain network, ensuring decentralization, security, and energy efficiency.
Node: A device or computer participating in a blockchain network, maintaining and validating transactions.
Transaction Per Second (TPS): The number of transactions a network can process per second.
Public Key Infrastructure (PKI): A cryptographic system using public and private key pairs to secure transactions and data.
Digital Signature: A security mechanism using digital signatures to verify the integrity and authenticity of transactions.
Smart Contract: Self-executing contracts where predefined conditions are met, operating on a blockchain platform.
NFT (Non-Fungible Token): A unique digital asset on a blockchain that cannot be replaced or exchanged similarly to cryptocurrencies.
DeFi (Decentralized Finance): Decentralized financial systems that operate without intermediaries like banks.
Layer 2: Scalable solutions built on top of blockchains to reduce load, and transaction fees, and increase processing speed.
Token: A unit of value issued by a blockchain project, representing specific assets or utilities.
DApp (Decentralized Application): Applications that operate on a blockchain without the need for central servers.
Gas Fee: Transaction fees on a blockchain, paid to miners for transaction confirmation.
KOL (Key Opinion Leader): Influential individuals in the community who are followed by many and can influence others' decisions.
KOC (Key Opinion Consumer): Influential consumers who share their experiences and reviews of products with the community.
Staking: The process of holding and locking a cryptocurrency in a wallet to support the blockchain network's operations and earn rewards.
Airdrop: The process of distributing free tokens or cryptocurrencies to users to promote a project or encourage participation.
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