A decentralized finance protocol on Ethereum enabling lending and borrowing of cryptocurrencies using smart contracts.
Abbreviation: None.
Free distribution of tokens to wallet holders or users meeting specific criteria (e.g., holding a certain cryptocurrency or engaging with a platform) to incentivize adoption or reward community participation.
Key points
A batch of transactions recorded on a blockchain, cryptographically linked to previous blocks to form a chronological chain.
Abbreviation: None.
A decentralized, distributed digital ledger that records transactions across a network of computers, ensuring transparency and immutability.
Unlock the Blockchain Code: Your Ultimate Crypto Glossary
Abbreviation: None.
A consensus mechanism that allows a network to reach agreement on transactions despite some nodes being faulty or malicious (up to one-third). Variants include Practical BFT (PBFT) and Federated BFT (FBFT).
Abbreviation: BFT, PBFT, FBFT.
A platform for trading cryptocurrencies managed by a central entity (e.g., Binance, Coinbase), requiring users to deposit funds.
Key points
The number of coins or tokens available for public trading or use, excluding locked, reserved, or unvested amounts.
Abbreviation: None.
A protocol used by a blockchain to agree on the validity of transactions and the state of the ledger (e.g., PoW, PoS, PoA).
