Blockchain Crypto Glossary
Choose a term from the blockchain glossary below to watch videos and learn about!
Blockchain Glossary
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51% Attack
A 51% attack is when greater than 50% of the computing power of the network is under the control of person or group... learn more
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Address
Public addresses are used to send and receive transactions. Depending on the blockchain being used, the public address usually also shows a record of all the transactions in and out of that public address... learn more
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Bitcoin
Bitcoin is a blockchain. It is the first decentralized digital cryptocurrency, as the system works without a central bank or single administrator... learn more
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Block
A block is a permanently recorded piece of data on a blockchain network. Each block is chained to the next block using a cryptographic signature... learn more
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Blockchain
A Blockchain is a decentralized network, a type of 'distributed ledger' (database) comprised of unchangeable, digitally recorded data in blocks... learn more
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Block Explorer
A blockchain block explorer is an tool that anyone can use to view all the past and current transactions that have occurred on a blockchain... learn more
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Block Reward
The reward given to a miner who has successfully hashed/confirmed a transaction block. Depending on the cryptocurrency being 'hashed' the reward can be mix of transaction fees or coins/tokens that are being released into the circulating supply... learn more
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Coins and Tokens
A digital coin is an asset that is native to its own blockchain. For example the blockchain Bitcoin has its own coin called ‘Bitcoin’. The Ethereum blockchain also has its own coin called ‘Ether’... learn more
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Consensus
A consensus algorithm / mechanism is a fault-tolerant mechanism that is used in computer and blockchain systems to reach agreement on transactions... learn more
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Cryptocurrency
Cryptocurrencies are digital assets (coins and tokens) that are encrypted. Transferred person to person ‘P2P’ with no mediator such as a government or bank... learn more
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DAO (Decentralized Autonomous Organizations)
A decentralized autonomous organization (DAO), is an organization represented by rules encoded as a computer program that is transparent, controlled by stakeholders, or users and not influenced by a central government or authority... learn more
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Dapps
A Dapp is a decentralized application which has its back end running on a decentralized server. Unlike regular Apps which run on centralized servers... learn more
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Decentralization
Decentralization is the transfer of power away from a central location, organization or administrator. No one single entity has control... learn more
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Digital Assets
Digital assets is a new and emerging asset class of digital, virtual, and cryptocurrencies that share characteristics and operate in similar ways... learn more
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Distributed Ledger
A blockchain is a type of distributed ledger which is decentralized with no central administrator or central data storage location... learn more
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Double Spending
Double spending is when there is a risk that digital money can be used more then once... learn more
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ICO (Initial Coin Offering)
An ICO (initial coin offering) is where a company creates a token or currency and raises funding for their project or cause by selling that token to early investors... learn more
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Mining Pool
A mining pool brings together computing resources that are capable of mining cryptocurrencies... learn more
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NFT (Non Fungible Token)
Non fungible tokens are something that can be unique and can be different from all other tokens that exist... learn more
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POS (Proof of Stake)
In a POS system, the creator of the new blocks is determined at random, within the parameters of variables such as how much of that cryptocurrency a user is holding, and in some cases for how long they have held that cryptocurrency... learn more
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POW (Proof of Work)
POW or Proof of work is a way that blockchains remain protected from various types of attacks. POW usually requires computing power by the service requester to solve an intensive puzzle of sorts... learn more
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Smart Contract
A smart contract is a set of rules that prompts a result or series of results. Take a vending machine for example that has a bunch of candy products in it. If I choose the option for a $1 bag of chips, the machine will then give me a bag of chips once I provide it with my $1. Smart contracts operate on a decentralized grid - a blockchain... learn more
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STO (Security Token Offering)
STO is where a company creates a token or currency and raises funding for their project or cause by selling that token to early investors... learn more
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