Eclipse Attack – Definition & Detailed Explanation – Blockchain and Cryptocurrencies Glossary

What is an Eclipse Attack? An Eclipse Attack is a type of cyber attack that targets a specific node or group of nodes within a blockchain network. The goal of an Eclipse Attack is to isolate the targeted node(s) from the rest of the network, allowing the attacker to manipulate the information being sent to … Read more

Gas Fees – Definition & Detailed Explanation – Blockchain and Cryptocurrencies Glossary

What are Gas Fees in the context of blockchain and cryptocurrencies? Gas fees are a crucial component of blockchain transactions, particularly in the world of cryptocurrencies. In simple terms, gas fees are the costs associated with making transactions on a blockchain network. These fees are paid by users to compensate the network for the computational … Read more

Yield Farming – Definition & Detailed Explanation – Blockchain and Cryptocurrencies Glossary

What is Yield Farming? Yield farming, also known as liquidity mining, is a practice in the decentralized finance (DeFi) space where users provide liquidity to various protocols in exchange for rewards. These rewards are typically in the form of additional tokens or fees generated by the protocol. Yield farming allows users to earn passive income … Read more

Cross-Chain – Definition & Detailed Explanation – Blockchain and Cryptocurrencies Glossary

What is Cross-Chain Interoperability? Cross-chain interoperability refers to the ability of different blockchain networks to communicate and interact with each other. In simpler terms, it allows users to transfer assets or data between different blockchains seamlessly. This is a crucial feature in the blockchain space as it enables increased flexibility and efficiency in conducting transactions … Read more

Token Standard – Definition & Detailed Explanation – Blockchain and Cryptocurrencies Glossary

What is a Token Standard? A token standard is a set of rules and guidelines that define how a particular type of token should be created, transferred, and managed on a blockchain network. These standards ensure that tokens are compatible with various platforms and can be easily integrated into different applications and services. Token standards … Read more

Ledger – Definition & Detailed Explanation – Blockchain and Cryptocurrencies Glossary

What is a Ledger in the context of blockchain technology? In the context of blockchain technology, a ledger is a digital record of all transactions that have taken place on a specific blockchain network. It serves as a transparent and immutable database that keeps track of all transactions in a chronological order. The ledger is … Read more

Ring Signatures – Definition & Detailed Explanation – Blockchain and Cryptocurrencies Glossary

What are Ring Signatures? Ring signatures are a type of digital signature that allows a group of users to sign a message on behalf of a group without revealing which individual user signed the message. This provides a high level of anonymity and privacy for the signers, as it is impossible to determine who exactly … Read more

Layer 2 Solutions – Definition & Detailed Explanation – Blockchain and Cryptocurrencies Glossary

What are Layer 2 Solutions? Layer 2 solutions refer to secondary protocols or frameworks built on top of existing blockchain networks, such as Ethereum or Bitcoin, to improve scalability, speed, and cost efficiency. These solutions aim to alleviate the limitations of the underlying blockchain network by processing transactions off-chain or in a separate layer, hence … Read more

Blockchain Analytics – Definition & Detailed Explanation – Blockchain and Cryptocurrencies Glossary

What is Blockchain Analytics? Blockchain analytics refers to the process of analyzing data on the blockchain to gain insights into transactions, trends, and patterns. It involves using various tools and techniques to extract, interpret, and visualize data from the blockchain network. This data can provide valuable information about the flow of digital assets, the behavior … Read more