From the archive.
Soft Fork
A backward-compatible upgrade to a blockchain network that introduces new rules or changes existing ones. Nodes that do not upgrade can still participate in the network but may not be able to use new features.
Atomic Swap
Atomic Swaps refer to a technology that enables the exchange of one cryptocurrency for another without the need for a trusted third party or centralized exchange. This is achieved through the use of smart contracts…
Beacon Chain
The Beacon Chain is a fundamental component of the Ethereum 2.0 upgrade, introduced to transition Ethereum from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. It runs parallel to the existing Ethereum blockchain, serving…
DeFi Lending
DeFi Lending refers to the practice of borrowing and lending cryptocurrencies and other digital assets through decentralized platforms, without the need for traditional financial intermediaries like banks. Utilizing smart contracts on blockchain networks, DeFi lending…
ERC-1155
ERC-1155 is a multi-token standard on the Ethereum blockchain that enables the creation, transfer, and management of both fungible (identical) and non-fungible (unique) tokens using a single smart contract. This innovative approach contrasts with earlier…
Gas
Gas: The term “gas” within the blockchain context, particularly on Ethereum, signifies the unit of measure that quantifies the computational effort required to execute operations such as transactions or smart contract executions on the network.…
Hashing Power
Hashing Power: In the realm of cryptocurrencies and blockchain technology, hashing power refers to the computational capacity utilized to process and validate transactions, as well as to mine new coins. It is measured in hashes…
Initial DEX Offering
Initial DEX Offering (IDO): A cutting-edge method for cryptocurrency projects to raise funds, an IDO involves launching a new token directly on a decentralized exchange (DEX). This fundraising mechanism allows projects to offer their tokens…
Layer 3
Layer 3, the emerging frontier in blockchain technology, builds upon Layer 2’s scalability and cost-efficiency enhancements by introducing advanced interoperability and application capabilities. While Layer 1 establishes the foundational blockchain network and Layer 2 offers…
Mainnet
Mainnet: The primary network where a blockchain project’s transactions are recorded and operated in a real, live environment. It’s the final, fully developed version of the blockchain, where actual tokens have real economic value, and…