From the archive.
Yield Farming
A strategy in decentralized finance (DeFi) where users stake or lend their crypto assets in order to receive returns in the form of additional cryptocurrency. Yield farming protocols automate the process of seeking the highest…
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.
Public Key
A cryptographic code that allows a user to receive cryptocurrencies into their wallet. The public key is derived from the private key and can be safely shared with others to receive funds.
Rekt
Slang in the cryptocurrency community for a severe financial loss. It is often used to describe the situation of an investor who has made a poor trade that has resulted in significant losses.
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…
Gwei
A denomination of ether (ETH), the native cryptocurrency of the Ethereum network. One gwei equals one billionth of an ether. Gwei is commonly used to measure gas fees, which are payments made by users to…
Hard Cap
In the context of an Initial Coin Offering (ICO) or token sale, the hard cap is the maximum amount of funds that the project plans to raise. Once the hard cap is reached, the project…