Web3 is filled with tons of confusing terminology, lingo, techno-speak, and brand new concepts that are being created every day. Here, you'll find a list of common crypto concepts and terms that should help new users find their way, and we urge you to help add to and keep these pages up to date to help future readers!
ASS allows dApps to customize transaction order.
Concepts & Terms
ASIC miners are specialized devices for cryptocurrency mining, known for their high efficiency and performance, pivotal in the competitive mining ecosystem.
Misc.AMMs power decentralized exchanges through liquidity pools, enabling permissionless trading and rewarding liquidity providers with fees and incentives.
Core Tech StackA secure, decentralized ledger that records transactions without a central authority.
Concepts & Terms
Protocols ensuring agreement among blockchain nodes for secure, decentralized transaction validation.
Core Tech StackDirect exchange where each party has what the other wants, eliminating intermediaries.
Concepts & TermsBridges are protocols or companies that enable cross-chain transactions between different blockchains.
Trusted/CustodialDecentralized application on a blockchain, operating without intermediaries, offering services from finance to gaming.
Concepts & TermsDistributed control of systems without central authority.
Concepts & Terms
Peer-to-peer cryptocurrency trading platform operating autonomously via blockchain, eliminating intermediaries.
Concepts & TermsBlockchain-based financial services without intermediaries, offering lending, trading, and more.
DeFiA consensus mechanism where token holders delegate voting power to trusted validators for efficient block production.
Concepts & TermsDouble signing, a serious blockchain offense, occurs when a validator signs two different blocks at the same height.
Concepts & TermsEVM-compatible chains utilize Ethereum’s core infrastructure to support smart contracts and decentralized applications (dApps).
Concepts & TermsThe point when blockchain transactions become permanent and irreversible.
Concepts & TermsThe computational cost of transactions, managed through gas fees, tips, and other mechanisms across blockchain networks.
Concepts & TermsUser goals executed via smart contracts to simplify on-chain transactions.
Concepts & TermsIdentity verification process essential in Web3 to comply with regulations and enhance platform security.
Concepts & TermsThe foundational blockchain infrastructure responsible for transaction settlement and consensus.
Concepts & TermsScaling solutions built on top of blockchains to improve transaction speed and reduce costs.
Concepts & TermsThe ability to gain a liquid representation of an otherwise locked-up staked asset.
Liquid StakingLiquidity pools provide token reserves for decentralized exchanges, lending protocols, and yield farming, ensuring continuous market activity without intermediaries.
Concepts & TermsMEV: Profit from manipulating blockchain tx order.
Concepts & TermsThe process of validating transactions and adding blocks to a blockchain using computational power.
Concepts & TermsMiddleware bridging blockchains with external data to enable dynamic smart contracts.
OraclesA method of securing blockchains that usually involves locking up assets with validators.
Core Tech StackA type of consensus mechanism for securing blockchains that involves mining to validate blocks.
Concepts & Terms
A PoS tech developed for the AEZ, which allows blockchains to rent/borrow security and blockspace from another, larger chain.
Core Tech StackRollups process transactions off-chain, improving blockchain scalability and enabling faster and cheaper transactions.
Core Tech StackAutomated programs on blockchains that execute terms of an agreement when conditions are met.
Core Tech StackThe act of locking up native assets to secure a blockchain & share in it’s revenue/emissions.
Core Tech StackValidators are crucial in blockchain networks; verifying transactions and staking cryptocurrency as collateral.
ValidatorsDigital tools for managing cryptocurrencies with software and hardware variants offering security and convenience.
Concepts & TermsThe act of optimizing returns on crypto assets via lending, borrowing, or providing liquidity in DeFi protocols.
Yield OptimizationProve statements true without revealing any information.
Core Tech Stack