Blockchain Technology
Explore how blockchain technology works - from distributed ledgers and consensus mechanisms to nodes, hashing, and on-chain data storage.
Explore how blockchain technology works - from distributed ledgers and consensus mechanisms to nodes, hashing, and on-chain data storage.
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Block
BlockchainA container of transactions cryptographically linked to previous blocks forming the blockchain.
Block Explorer
BlockchainA web tool that displays blockchain data including transactions, addresses, and blocks in readable format.
Block Height
BlockchainThe sequential number assigned to each block, starting from zero for the genesis block.
Block Time
BlockchainThe average interval between the creation of consecutive blocks in a blockchain.
Blockchain
BlockchainA distributed ledger recording transactions immutably across a network of computers with no central authority.
Blockchain Trilemma
BlockchainThe idea that a blockchain cannot easily maximize decentralization, security, and scalability at the same time.
Bridge
BlockchainA protocol that enables the transfer of assets and data between different blockchains.
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Consensus Mechanism
BlockchainProtocol and algorithms enabling distributed network participants to agree on the correct blockchain state.
Cross-Chain
BlockchainThe ability for blockchains to communicate with and transfer assets between each other.
Cryptocurrency
BlockchainDigital money secured by cryptography that operates on decentralized networks without requiring a central bank or government.
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Gas
BlockchainThe unit measuring computational work and the associated fees required to execute transactions on a blockchain.
Gas Limit
BlockchainThe maximum amount of computational work (gas) that a transaction or smart contract execution is allowed to consume.
Gas War
BlockchainA gas war happens when many users compete for limited block space by offering higher and higher transaction fees.
Genesis Block
BlockchainThe first block ever created on a blockchain, establishing its initial state and foundation.
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Layer 1
BlockchainThe main blockchain network that serves as the foundation for all transactions and security.
Layer 2
BlockchainA separate blockchain system that processes transactions quickly and cheaply while periodically settling back to Layer 1 for security.
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Mainnet
BlockchainThe primary, live blockchain network where real transactions occur and have monetary value.
Mainnet Launch
BlockchainThe moment a blockchain project transitions from testing to live, real-value production network.
Mempool
BlockchainThe pool of unconfirmed transactions waiting to be included in a block.
Merkle Tree
BlockchainA cryptographic data structure that efficiently proves the integrity of large datasets.
Mining
BlockchainThe process of validating transactions and creating new blocks on a Proof of Work blockchain by solving computational puzzles.
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Polygon
BlockchainA sidechain solution providing Ethereum compatibility with independent security model and faster transactions.
Proof of Stake
BlockchainConsensus mechanism where validators secure the network by staking tokens.
Proof of Work
BlockchainConsensus mechanism where miners secure the network by solving complex computational puzzles.
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Scalability
BlockchainBlockchain's ability to process increasing transaction volume without reducing speed or decentralization.
Scroll
BlockchainAn EVM-compatible ZK-Rollup providing Ethereum scalability with native bytecode compatibility.
Sidechain
BlockchainIndependent blockchain running parallel to a main chain with its own validators and security model.
Slot
BlockchainA fixed time unit (~12 seconds on Ethereum) during which a single validator creates a block.
Staking
BlockchainLocking up cryptocurrency as collateral to participate in network validation and earn rewards on Proof of Stake blockchains.
StarkNet
BlockchainAn Ethereum Layer 2 using STARK proofs and Cairo language for general computation with superior scalability.
State Channels
BlockchainA Layer 2 scaling technique where participants transact directly with each other off-chain, settling only when necessary on Layer 1.
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Throughput
BlockchainThe number of transactions a blockchain can process per second.
Transaction
BlockchainA signed record of value transfer, asset change, or smart contract execution on a blockchain.
Transaction Confirmation
BlockchainThe verification that a transaction has been included in a block and is now permanent on the blockchain.