June 25, 2026

Glossary

Schnorr Signatures

A cryptographic signature scheme that allows multiple signatures to be aggregated into one, improving Bitcoin’s efficiency and privacy.

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Scarcity

The limited availability of a cryptocurrency created by a hard cap on maximum supply, a key driver of Bitcoin’s value proposition.

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Scalability Trilemma

The blockchain challenge stating that blockchains must sacrifice one of three properties: decentralization, security, or scalability.

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Scalability

The ability of a blockchain network to handle an increasing number of transactions efficiently without sacrificing speed or security.

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Safety Module

A DeFi component using staked governance tokens as a backstop against protocol shortfalls, popularized by Aave.

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Rug Pull

A type of exit scam in DeFi where developers abandon a project and withdraw all liquidity after attracting investor funds.

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Royalty

A percentage of secondary NFT sales automatically paid to the original creator through a smart contract.

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