Tag: Glossary

In the context of cryptocurrencies, investments, and crypto trading, the term “Quantum Zone” refers to a hypothetical future scenario in which quantum technologies, such as quantum computing and quantum cryptography, have a significant impact on the cryptocurrency ecosystem and the way transactions and online security are handled. The Quantum Zone would involve the incorporation of quantum principles, such as superposition and entanglement,...

A quantum bit (qubit) is the fundamental unit of information in quantum computing. Unlike classical bits in traditional computing, which can only represent a value of 0 or 1, a qubit can represent multiple states simultaneously, thanks to a quantum phenomenon called superposition. Superposition allows a qubit to exist in a combination of 0 and 1 states at the same time, providing an exceptionally powerful parallel processing capability. Additionally,...

DApps are any computer programs that are run via a distributed network of computer nodes rather than a single server. Blockchain systems that allow smart contracts, the first of which was Ethereum, enabled the idea of a decentralized application (ETH). In addition to being a normal coin, Ethereum also supports the Ethereum Virtual Machine (EVM), which is a distributed computer whose state is exactly specified at any given time thanks to a consensus...

DAO Summoning, or DAO activation, refers to the process by which the participants or members of a Decentralized Autonomous Organization (DAO) come together to initiate, enable, or implement the operations and decisions of the DAO. This usually involves participating in votes, approving proposals, or executing smart contracts that define the DAO’s rules and guidelines. DAO summoning is essential to empower the community and allow decisions...