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Tag: Glossary

Glossary of commonly found crypto terms, acronyms, profiles, and useful resources.

POS (Proof of Stake)

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Proof of stake (PoS) is a method by which a cryptocurrency blockchain network achieves distributed consensus. In a PoS system, cryptocurrency owners stake their coins by holding them in a wallet and thus committing them to the network. The stake weight of a node is proportional to the amount of cryptocurrency it is staking, and the probability of a node being chosen to validate a block is proportional to its stake weight. PoS is an alternative...

Blockchain, Cryptocurrencies, Glossary

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YTD (Year to date)

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Year to Date (YTD) is a term that refers to the time period that runs from the beginning day of the current calendar year, or fiscal year, to the present day. YTD data is important for examining financial and business patterns over time, as well as comparing performance statistics across investments in the same or other sectors. The word is most often employed in the conventional investment business, but it may also be used in blockchain and...

Cryptocurrencies, Glossary

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Yield Farming

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Yield farming is a way for cryptocurrency projects to create tokenized incentives for users. Because these projects do not depend on a centralized market facilitator, many decentralized finance (Defi) initiatives employ yield farming to encourage users to contribute to the network’s liquidity and stability. Staking or locking up cryptocurrency inside a blockchain system to create tokenized incentives is known as yield farming.  The...

DeFi, Glossary

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Zero-Knowledge Proof

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A zero-knowledge proof is a method of authenticating a transaction without revealing any information about the transaction, providing privacy for the transaction while maintaining its legitimacy. Zero-knowledge proofs were developed by MIT professor Shafi Goldwasser in 1987. They were used to construct an encryption scheme that allowed two parties to communicate over an insecure channel without revealing any information about their communication....

Glossary

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Web3

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In short, Web3 is about taking back some control from the tech giants that dominate today’s web. Web3 is a movement to make the internet more secure, private, and powerful for its users. It’s about giving you the option to control your data and how you interact with the web, instead of being bombarded with ads or tracked by third parties. It’s also about making you feel more secure when you’re online, whether that means...

Ethereum, Glossary, Web3

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