From the archive.
Token Burn
A deflationary mechanism where a certain amount of a cryptocurrency’s supply is intentionally destroyed by sending it to an inaccessible address. This process reduces the total supply, potentially increasing the value of the remaining tokens.
Stablecoin
A type of cryptocurrency that is designed to maintain a stable market value as opposed to the high volatility observed in cryptocurrencies like Bitcoin and Ethereum. Stablecoins achieve this by pegging their value to a…
Sharding
A scaling solution for blockchains, where the database is divided into smaller partitions called ‘shards’. Each shard contains its own independent state, meaning a unique set of account balances and smart contracts. Sharding is expected…
Whale
A term used to describe an individual or entity that holds a large amount of cryptocurrency. Whales have enough assets to potentially manipulate market prices or significantly impact liquidity.
TVL (Total Value Locked)
A metric in decentralized finance (DeFi) that measures the total value of all assets deposited in a DeFi protocol’s smart contracts. TVL is an important indicator of the protocol’s popularity and the overall health of…
Soft Cap
An initial coin offering (ICO) goal that represents the minimum amount of funds that a project needs to proceed. If the project fails to reach its soft cap, the funds are typically returned to the…
Smart Contract Audit
A thorough examination of the code behind a smart contract to ensure it is secure and functions as intended. Audits are crucial for identifying vulnerabilities and bugs that could be exploited once the contract is…
Private Key
A secure digital code known only to the owner that allows them to access their cryptocurrency wallet. The private key is essential for signing transactions and proving ownership of a blockchain address.
Liquidity Pool
A collection of funds locked in a smart contract, used to facilitate decentralized trading, lending, and many other functions on a DeFi platform. Liquidity pools are essential for ensuring enough liquidity on a decentralized exchange…
Mining Pool
A group of cryptocurrency miners who combine their computational resources over a network to increase their chances of finding a block and receiving the block reward. The rewards are then distributed among the pool participants,…