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BITCOIN

Bitcoin is a digital currency on a decentralized platform that records transactions in a distributed ledger called Blockchain.

CRYPTO ADDRESS

A code used to receive crypto. It's a shortened version of a public key.

BLOCKCHAIN

A digitally distributed, decentralized, public ledger that exists across a network. For cryptocurrency, this means that transactions are permanently recorded and viewable by anyone.

CRYPTOCURRENCY

A digital currency secured by cryptography, which makes it nearly impossible to counterfeit.

BONDING

The process for connecting parachains to Polkadot by locking up a portion of DOT tokens for the duration of the connection.

CRYPTOGRAPHY

The art of writing or solving codes. It means no central authority is needed to verify or protect transactions and protects the security of the transactions end-to-end.

ETHEREUM

Bitcoin is a digital currency on a decentralized platform that records transactions in a distributed ledger called Blockchain.

POLKADOT

A code used to receive crypto. It's a shortened version of a public key.

FIAT

A digitally distributed, decentralized, public ledger that exists across a network. For cryptocurrency, this means that transactions are permanently recorded and viewable by anyone.

PRIVATE KEY

A digital currency secured by cryptography, which makes it nearly impossible to counterfeit.

MINERS

The process for connecting parachains to Polkadot by locking up a portion of DOT tokens for the duration of the connection.

PROOF OF STAKE

The art of writing or solving codes. It means no central authority is needed to verify or protect transactions and protects the security of the transactions end-to-end.

PROOF OF WORK

Bitcoin is a digital currency on a decentralized platform that records transactions in a distributed ledger called Blockchain.

STAKING

A code used to receive crypto. It's a shortened version of a public key.

PUBLIC KEY

A digitally distributed, decentralized, public ledger that exists across a network. For cryptocurrency, this means that transactions are permanently recorded and viewable by anyone.

VALIDATORS

A digital currency secured by cryptography, which makes it nearly impossible to counterfeit.

PROOF OF STORAGE

It allows a user to check if a storage provider is storing the outsourced data at the time of the challenge.

WHALE

An individual or organization that holds a large amount of a particular cryptocurrency.

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