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BLOCKCHAIN#1
A decentralized digital ledger that records transactions across many computers, ensuring security and transparency.
CRYPTOCURRENCY#2
A digital or virtual currency that uses cryptography for security, enabling secure online transactions.
SMART CONTRACTS#3
Self-executing contracts with the terms directly written into code, facilitating automated transactions without intermediaries.
DECENTRALIZATION#4
The distribution of authority and control away from a central entity, enhancing security and reducing single points of failure.
TOKENOMICS#5
The economic model behind a cryptocurrency, including supply, distribution, and incentives for users and developers.
WALLET#6
A software application for storing, sending, and receiving cryptocurrency, often featuring security measures like encryption.
NFT (NON-FUNGIBLE TOKEN)#7
A unique digital asset verified using blockchain technology, representing ownership of a specific item or piece of content.
GAME ECONOMY#8
The system that governs the creation, distribution, and consumption of in-game resources, including currencies and assets.
PROOF OF WORK#9
A consensus algorithm requiring participants to solve complex mathematical problems to validate transactions and create new blocks.
PROOF OF STAKE#10
A consensus mechanism where validators are chosen based on the number of coins they hold and are willing to 'stake' as collateral.
DECENTRALIZED APPLICATION (DAPP)#11
An application that runs on a blockchain network, allowing users to interact directly without a central authority.
GAS FEES#12
Transaction fees paid to miners on a blockchain network, compensating them for processing and validating transactions.
ORACLE#13
A service that provides external data to smart contracts, enabling them to react to real-world events.
ICO (INITIAL COIN OFFERING)#14
A fundraising method where new cryptocurrency projects sell tokens to investors in exchange for funding.
SECURITY AUDIT#15
A thorough examination of smart contracts and blockchain applications to identify vulnerabilities and ensure safety.
INTEROPERABILITY#16
The ability of different blockchain networks to communicate and work together, enhancing the usability of various platforms.
REGULATORY COMPLIANCE#17
Ensuring that blockchain applications adhere to legal standards and regulations, particularly concerning cryptocurrencies.
LEVERAGE#18
Using borrowed capital or resources to increase the potential return on investment in blockchain projects.
FORK#19
A change in the protocol of a blockchain, resulting in a split into two separate chains, which may affect the currency's value.
LIQUIDITY#20
The ease with which an asset can be converted into cash or used in transactions without affecting its price.
DISTRIBUTED LEDGER TECHNOLOGY (DLT)#21
A digital system for recording transactions across multiple sites, ensuring transparency and security in data management.
GAMIFICATION#22
The application of game-design elements in non-game contexts to enhance user engagement and motivation.
ECOLOGICAL SUSTAINABILITY#23
Ensuring that blockchain practices minimize environmental impact, particularly concerning energy consumption.
PLAYER OWNERSHIP#24
The concept that players have true ownership of in-game assets, facilitated by blockchain technology.