Glossary

A fee charged by a DeFi protocol on transactions flowing through its smart contracts.

A consensus mechanism requiring miners to expend computational energy to solve mathematical puzzles in order to earn block rewards.

A consensus mechanism where validators are chosen to create new blocks based on the amount of cryptocurrency they hold and lock.

A cryptographic audit conducted by cryptocurrency exchanges to prove they hold sufficient assets to cover customer deposits.

A blockchain mechanism verifying that each network participant is a unique human being.

A cryptographic technique used by Solana that creates a historical record proving events occurred at a specific moment in time.

A consensus mechanism where participants destroy cryptocurrency to gain mining rights or protocol participation privileges.

A consensus mechanism where a limited number of pre-approved validators are trusted to process transactions.

A blockchain badge system issuing NFTs as proof that someone attended a specific event.

A secret cryptographic key that proves ownership of a cryptocurrency wallet and is required to authorize transactions.