Blockchain & Cryptocurrency Glossary

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A type of public-key encryption where the secret key of a user and the ciphertext are dependent upon attributes (e.g., role, department, location). A user can decrypt a ciphertext if and only if…...

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An audit key is a cryptographic key, often a public key or a specially derived "viewing key," that grants specific, usually read-only, access to an auditor or authorized third party. This access…...

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Audit Trail Verification is the comprehensive process of examining and confirming the integrity, accuracy, authenticity, and completeness of an audit trail. An audit trail itself is a chronological…...

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A form of encryption that simultaneously provides confidentiality (the message is unreadable to outsiders), integrity (the message has not been tampered with), and authenticity (the message…...

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A type of authenticated encryption that not only ensures confidentiality, integrity, and authenticity for the encrypted message (plaintext), but also provides integrity and authenticity for…...

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A mobile application (e.g., Google Authenticator) generating time‑based one‑time passwords (TOTP) for two‑factor authentication....

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A system that autonomously controls the provision and allocation of liquidity in decentralized finance (DeFi) protocols through algorithms and smart contracts. These systems optimize capital…...

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A decentralized exchange protocol that uses mathematical formulas and liquidity pools to enable permissionless trading of digital assets without traditional order books or intermediaries. AMMs allow…...

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A blockchain security process that uses AI and formal verification techniques to automatically identify vulnerabilities in smart contract code and generate corrective patches without human…...

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A systematic process that uses specialized tools to automatically analyze blockchain code, smart contracts, and decentralized applications for security vulnerabilities, coding errors, and compliance…...

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A blockchain protocol extension that enables merge mining by allowing a blockchain to accept proof-of-work from another chain as valid. Auxiliary Proof-of-Work (AuxPoW) creates a mechanism for…...

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AuxPoW is the acronym for Auxiliary Proof-of-Work, a protocol extension that enables merge mining by allowing a blockchain to accept proof-of-work performed for another chain as valid verification.…...

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A high-performance, scalable blockchain platform that uses a novel consensus protocol to achieve high throughput, quick finality, and energy efficiency. Avalanche features a unique architecture with…...

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A family of consensus protocols that uses repeated random subsampling of network participants to quickly reach agreement on transaction validity. Avalanche consensus achieves high throughput, low…...

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A smart contract deliberately engineered with hidden functionality that grants privileged access or control to its creator while appearing legitimate to users and auditors. These concealed mechanisms…...

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A transaction ordering strategy where an entity places their transaction immediately after a target transaction in the same block to capitalize on the state changes created by the preceding…...

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The process of creating, validating, and adding new blocks to the Tezos blockchain through its liquid proof-of-stake consensus mechanism. Baking involves participants (called bakers) who have staked…...

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An Ethereum Layer 2 scaling solution built using the OP Stack, designed to combine Ethereum's security guarantees with lower costs and faster transactions. Base is an optimistic rollup incubated by…...

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A dynamically adjusted, algorithmically determined fee component in blockchain transactions that all users must pay for their transactions to be included in a block. Base fees automatically increase…...

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A trading mechanism in decentralized finance that accumulates multiple orders over a specified time period before executing them together in a single transaction at a uniform clearing price. Unlike…...

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A gas-optimized process for creating multiple NFTs or tokens in a single blockchain transaction rather than minting each asset individually. This technique significantly reduces the overall cost and…...

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A power continuity system that provides temporary electricity to blockchain nodes, validators, or mining equipment during grid power interruptions to prevent unscheduled downtime and associated…...

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A blockchain that coordinates consensus, validator participation, and cross-shard communication in sharded blockchain systems. The Beacon Chain serves as the central coordination mechanism that…...

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The application of data analysis techniques to blockchain transaction patterns to identify user behaviors, detect anomalies, and predict future actions based on historical patterns. This field…...

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A system that assigns trustworthiness scores to blockchain addresses or entities based on their historical transaction patterns and interactions rather than their identity. These reputation scores…...

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A systematic process of measuring a blockchain network's performance metrics or a smart contract's efficiency against defined standards or competing solutions. This comparative analysis evaluates…...

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A regulatory requirement compelling blockchain projects, DAOs, or crypto businesses to disclose the identities of individuals who ultimately control or significantly benefit from the entity,…...

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BFT

Byzantine Fault Tolerance describes the ability of a distributed system to reach consensus even when some nodes behave arbitrarily or maliciously....

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The difference between the lowest price a seller is willing to accept (ask) and the highest price a buyer is willing to pay (bid) in an order‑book market....

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A blockchain network launched by cryptocurrency exchange Binance that runs parallel to the Binance Chain, adding smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM…...

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The design and flow considerations for user interactions when authenticating via biometric modalities (fingerprint, face, iris) in applications....

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Use of fingerprint, face recognition, or other biometric factors to unlock wallets or authorize transactions....

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The process of securely linking a user’s biometric template to their identity or cryptographic credentials....

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Firmware interfaces that initialize hardware and boot an operating system or hypervisor before handing control to higher‑level software....

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Bitcoin Improvement Proposal 32 (BIP-32) is a technical standard that defines Hierarchical Deterministic (HD) wallets. It allows for the creation of a tree-like structure of key pairs (private and…...

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Bitcoin Improvement Proposal 39 (BIP-39) is a technical standard that describes the implementation of a mnemonic code or mnemonic sentence – a group of human-readable words – for the generation of…...

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Bitcoin Improvement Proposal 44 (BIP-44) defines a specific derivation path standard for Hierarchical Deterministic (HD) wallets based on BIP-32 and using mnemonics from BIP-39. It specifies a multi-…...

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A hardware cryptocurrency wallet by Shift Cryptosecurity that securely stores private keys in a tamper‑resistant device....

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Bitcoin is the world's first cryptocurrency and decentralized digital currency system, created in 2009 by an anonymous person or group known as Satoshi Nakamoto. It enables peer-to-peer transactions…...

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An advocate who believes Bitcoin is the only cryptocurrency of lasting value and that other chains are redundant or inferior....

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The world's first decentralized peer-to-peer electronic cash system built on blockchain technology, created by Satoshi Nakamoto in 2009. The Bitcoin Network enables secure, pseudonymous transactions…...

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A distributed storage layer for large binary objects (“blobs”) anchored by blockchain commitments to ensure data availability and integrity....

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A package of transactions bundled together as a single unit in the blockchain system....

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A blockchain is a decentralized, distributed, and immutable digital ledger used to record transactions or any digital interaction in a secure and transparent manner. These records are grouped into '…...

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Collaborative alliances of universities and research institutions that pool resources to study blockchain technology, standards, and societal impact....

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Formalized frameworks and best practices for assessing the security, correctness, and compliance of blockchain systems and smart contracts....

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Techniques and tools for graphically representing on‑chain and off‑chain blockchain metrics to aid analysis and decision‑making....

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Ethical hacking exercises that simulate attacks on blockchain nodes, smart contracts, and associated infrastructure to uncover vulnerabilities....

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A specialized organization that conducts and publishes research on blockchain technology, use cases, and economic impact....

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Peer‑reviewed or preprint scholarly articles that present new findings, models, or analyses in blockchain science and engineering....

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