Introduction Definition of Proof of Elapsed Time (PoET) Proof of Elapsed Time (PoET) is a consensus algorithm used in blockchain networks to achieve distributed consensus. It is based on the concept of a random lottery where each participant is given ...

Introduction Definition of Zero-Knowledge Rollup A Zero-Knowledge Rollup is a layer 2 scaling solution for blockchain networks that allows for increased transaction throughput and improved scalability. It combines the benefits of both on-chain and off-chain processing by aggregating multiple transactions ...

Introduction Definition of ICO Bounty Program An ICO Bounty Program refers to a marketing strategy employed by Initial Coin Offerings (ICOs) to incentivize individuals or groups to promote their project. In this program, participants are rewarded with tokens or other ...

Introduction Definition of Off-Chain Scaling Off-chain scaling refers to a method of increasing the capacity and efficiency of a blockchain network by moving certain operations off the main chain. In traditional blockchain systems, every transaction and smart contract execution is ...

Introduction Definition of Miner Extractable Value (MEV) Miner Extractable Value (MEV) refers to the additional profit that miners can potentially earn by manipulating the order of transactions in a blockchain. It is a concept that has gained significant attention in ...

Introduction Definition of Fiat On-Ramp A fiat on-ramp in cryptocurrency refers to the process of converting traditional fiat currency, such as USD or EUR, into digital cryptocurrencies. It serves as a bridge between the traditional financial system and the world ...

Introduction Definition of a Multi-Signature Wallet A Multi-Signature (Multi-Sig) Wallet is a type of cryptocurrency wallet that requires multiple signatures to authorize transactions. Unlike traditional wallets that only require a single private key to access and control funds, a Multi-Sig ...

Introduction Definition of Sharding Sharding is a technique used in blockchain technology to improve scalability and performance. It involves dividing the blockchain network into smaller, more manageable parts called shards. Each shard contains a subset of the total network, allowing ...

Introduction Definition of a watch-only address A watch-only address is a type of cryptocurrency address that allows users to monitor their balance and transaction history without having the ability to spend the funds. It is called a watch-only address because ...