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Glossary

Algorand testnet

Algorand testnet

A public testing environment for a blockchain where tokens have no real value, used to try new apps and upgrades safely.

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Consensus Mechanism

The method used by a blockchain network to achieve agreement among distributed nodes, such as proof of work or proof of stake.

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Name Service

A blockchain protocol converting complex wallet addresses into human-readable domain names.

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Valuation

The process of estimating the worth of a cryptocurrency based on various metrics, models, and market conditions.

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