Glossary

What is a Smart Contract? A smart contract is a self-executing digital agreement where the terms and conditions are written directly into code. These contracts operate on blockchain networks and automatically enforce agreements once predefined conditions are met. By removing the need for intermediaries, smart contracts enable trustless and efficient transactions across various applications, such…

What is a Stablecoin? A stablecoin is a type of cryptocurrency designed to maintain a stable value by pegging its price to a real-world asset, such as a fiat currency like the US Dollar, commodities like gold, or even other cryptocurrencies. Unlike traditional cryptocurrencies, which often experience significant price volatility, stablecoins provide consistency, making them…

What is a Stake Pool? A stake pool is a decentralized platform that aggregates cryptocurrency tokens from multiple users to optimize staking rewards while offering flexibility and liquidity. Instead of delegating tokens directly to individual validators, users can contribute to a shared pool that distributes stakes across multiple validators, enhancing efficiency and decentralization. How Stake…

What is Staking? Staking is the process of locking cryptocurrency tokens to support the operation of a blockchain network. This includes activities such as validating transactions, securing the network, or participating in governance decisions. In return for their contribution, participants earn rewards, typically in the form of additional tokens. How Staking Works Staking is an…

What Is a Token? A token is a type of cryptocurrency that represents a specific asset, utility, or right on a blockchain. While often used interchangeably with cryptocurrencies, tokens differ in their purpose and functionality. Cryptocurrencies like Bitcoin are primarily used as a medium of exchange, whereas tokens are often designed to serve more specialized…

What is Tokenomics? Tokenomics, a blend of “token” and “economics,” refers to the study and design of how a cryptocurrency or digital token operates within its ecosystem. It encompasses the rules and mechanisms that guide a token’s creation, distribution, and utility, influencing its value and usability over time. Tokenomics is a critical factor in understanding…

What is Total Supply? Total supply refers to the total number of coins or tokens that have been created or mined for a cryptocurrency, excluding those that have been burned. It represents the sum of coins currently in circulation and those that are locked but does not include any coins that can still be created…

What is TPS? TPS, or Transactions Per Second, measures the number of transactions a blockchain network can process within a single second. This metric is a key indicator of a blockchain’s efficiency, scalability, and ability to handle high transaction volumes without congestion or delays. Why TPS is Important TPS directly affects the usability and scalability…

What Is Two-Factor Authentication (2FA)? Two-factor authentication (2FA) is a security method that enhances account protection by requiring two separate forms of identification to gain access. It is widely used across online platforms, including cryptocurrency exchanges, to add an extra layer of security beyond just a password. By combining something you know (a password) with…