GLOSSARY

Are you losing yourself in the midst of so much technicality?

Explore our glossary and learn, explained in clear and direct language.

AML (Anti Money Laundering)

Regulations and processes to prevent cryptocurrencies from being used for money laundering.

BIP (Bitcoin Improvement Proposal)

Formal document that describes proposed improvements or changes for Bitcoin.

Bitcoin

The first decentralized cryptocurrency that revolutionized digital finance.

Blockchain

A technology that allows information to be stored in a secure, decentralized and transparent way using a chain of linked blocks.

Blockchain gaming

Use of blockchain technology for digitally owned games and integrated economies.

Bridge

Technology that allows the transfer of tokens and data between different blockchains.

CeFi (Centralized Finance)

Finance model based on traditional intermediaries, applied to cryptocurrencies.

Centralized Exchange (CEX)

Centralized platform for buying, selling and custody of cryptocurrency.

Cold Wallet

Device or method for storing cryptocurrency without an internet connection.

Cryptocurrency

Digital currency that uses cryptography to secure transactions and control the creation of new units.

DAO (Decentralized Autonomous Organization)

Digital entity governed by rules programmed in smart contracts where members collectively make decisions.

DeFi (Decentralized Finance)

Ecosystem of financial applications that operate on blockchain without traditional intermediaries such as banks.

Decentralization

Distribution of power and control in a network without central authority.

Decentralized Exchange (DEX)

Platform for exchanging cryptocurrencies without intermediaries or central custody.

Digital identity

Unique representation of a person in the blockchain ecosystem, based on verifiable wallets and credentials.

Digital signature

Cryptographic method for verifying the authenticity and integrity of a transaction or message.

ERC (Ethereum Request for Comments)

Technical standards for creating tokens and contracts on Ethereum.

ERC-1155

Hybrid standard that allows both fungible and non-fungible tokens to be created in the same contract.

ERC-20

Standard for fungible tokens on Ethereum and other EVM-compatible blockchains.

ERC-3643

Standard for regulated tokens and permissions that meet legal requirements such as KYC and AML.

ERC-721

Standard for non-fungible tokens (NFTs) on Ethereum, used for unique assets such as art, collectibles or digital property.

ERIR (Registration and Registry Identification Entity)

Official entity responsible for recording and verifying data in digital public records.

EVM (Ethereum Virtual Machine)

Virtual machine that executes smart contracts on the Ethereum blockchain.

Ethereum

Blockchain platform that allows you to create and execute smart contracts and dApps.

Exchange (Cryptocurrency Exchange)

Platform where cryptocurrencies and tokens are bought, sold and traded.

Fork (Bifurcation)

Change or update to a blockchain protocol that creates two possible routes.

Fungible Token

A token that can be exchanged for an identical token, used as a currency or as a representation of assets.

Gas

Unit that measures the computational cost of executing operations on a blockchain such as Ethereum.

Hash

A cryptographic function that transforms data of any size into a fixed string of characters, unique for each entry.

Hot Wallet

Digital wallet connected to the internet to manage cryptocurrencies quickly and affordably.

Immutability

Property that prevents modifying data once registered in the blockchain.

Interoperability

The ability of different blockchains to communicate and share data with each other.

KYB (Know Your Business)

Verification process for companies and legal entities to prevent fraud and comply with regulations.

KYC (Know Your Customer)

User identity verification process required by regulators.

Layer 1

Blockchain base that processes and validates all network transactions.

Layer 2

Solutions that operate on top of a main blockchain to improve scalability and reduce costs.

Layer 3

Layer that adds advanced functionality and user experience to Layer 2 and Layer 1.

Liquidity Pool

Reserves of tokens locked in smart contracts to facilitate trading on decentralized exchanges.

Mainnet

The main network of a blockchain where transactions and contracts have real value and permanent consequences.

Merkle Tree

Cryptographic data structure that allows large amounts of data to be verified in an efficient and secure way.

Minting

The process of creating a new token on the blockchain, especially NFTs or ERC tokens.

NFT (Non-Fungible Token)

A unique digital token that represents ownership of a specific asset, such as digital art, music, or collectibles.

NFT metadata

Additional information that describes the characteristics of an NFT, such as a name, image, description, or unique attributes.

Node

Computer that participates in the blockchain network validating and propagating information.

Nonce

A number that is used only once in cryptography to ensure uniqueness and prevent attacks.

OpenZeppelin

Open source library and framework for developing secure and auditable smart contracts.

Oracle

Service that connects real-world data with smart contracts on blockchain.

Proof of Stake (PoS)

Consensus mechanism where validators are chosen based on the number of tokens they hold and “bet”.

Proof of Work (PoW)

A consensus mechanism that requires solving complex calculations to validate transactions and create new blocks on the blockchain.

Public and private key

A pair of cryptographic keys used to secure and sign blockchain transactions.

Real World Assets (RWA)

Real-world assets digitally represented on blockchain.

Remote Procedure Call (RPC)

A protocol that allows a program to execute functions on another computer or server remotely.

Security Token

Token that represents a legally regulated financial asset or property right.

Self-custody

Full and personal control of private keys and digital assets without intermediaries.

Side Chain

Independent blockchain that connects to the main chain to increase scalability or add functions.

Slashing

Automatic penalty that reduces funds from validators who act poorly on Proof of Stake blockchains.

Smart Contract

Program that automatically runs on a blockchain to fulfill agreements without intermediaries.

Smart contract

Self-executing blockchain programs that automate agreements and processes without intermediaries.

Solidity

Main programming language for creating smart contracts in EVM.

Solidity language

Programming language used to create smart contracts on Ethereum and other blockchains compatible with EVM.

Stablecoin

Cryptocurrency designed to maintain a stable value, generally backed by assets or algorithms.

State Channel

Off-chain private channel that allows multiple quick and cheap transactions before recording the result on the blockchain.

Supply Chain

Use of blockchain to track and ensure the traceability of supply chains

Testnet

Public test network that simulates real blockchain to experiment without using real money.

Token

Digital representation of an asset, value or utility within a blockchain.

Tokenization

The process of converting real or digital assets into digital tokens that represent their value or ownership on a blockchain.

Tokenomics

Study and design of the economy and distribution of a token within a blockchain project.

Utility Token

Digital token that grants access to products or services within a blockchain platform.

Wallet

Application or device that allows you to store and manage private keys to send and receive cryptocurrency.

Web3

A set of technologies for interacting with blockchain and decentralized applications from the browser.

Whitepaper

Official document that explains the technology, the project and the vision of a cryptocurrency or blockchain.

ZK Proof (Zero-Knowledge Proof)

A cryptographic method that allows you to prove that a statement is true without revealing the information behind it.

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