From the archive.
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…
Rug Pull
A type of scam in the cryptocurrency world where developers abandon a project and run away with investors’ funds. This usually happens in decentralized finance (DeFi) projects and can occur when the developers have too…
Satoshi
The smallest unit of Bitcoin, named after Satoshi Nakamoto, the pseudonymous person or group of people who created Bitcoin. One Satoshi is equal to one hundred millionth of a Bitcoin (0.00000001 BTC).
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…
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…
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…