While traditional currencies are printed by central banks, bitcoins are ‘mined’. To create and obtain bitcoins, miners have to solve complex mathematical problems that require a lot of time and computing power from their devices.
Thanks to these calculations, miners validate transactions on the blockchain and are rewarded with transaction fees in bitcoins and newly created bitcoins. Only blockchain-based cryptocurrencies with a Proof-of-Work consensus mechanism can be mined.
Digital platform in which users take part in shared experiences, immersed in an online virtual environment, sometimes based on blockchain
A variant of Proof-of-Stake in which the stake is transferred to delegates who act as validators.
It is a type of Proof-of-Stake in which validators are chosen randomly and anonymously thanks to the VRF function.
Proof-of-Stake variant in which tokens are not staked but liquid.
Total amount of cryptocurrency being staked
The joint staking of several people's cryptocurrencies with the aim to increase the rewards
Type of staking that requires the use of a cold wallet
A technology based on cryptography that enables decentralised and uncensored execution of any type of transaction.
A consensus mechanism based on putting cryptocurrencies at stake in order to contribute to the blockchain.
This is the first block of a blockchain, sometimes referred to as block 0.
The number of blocks in a blockchain starting from the genesis block.
The set of interconnected computers, called nodes, on which the blockchain of a given cryptocurrency is based.
Literally 'transactions per second', it is a measure of the speed of a blockchain.
Exchange of value, property or data between two parties.
Fragments' of blockchain operating in parallel.
A consensus mechanism based on computational power to contribute to the blockchain.
Device connected to a blockchain and participating in its network.
Transaction that is not performed on the blockchain.
Any process performed on the blockchain.
A company that bases its business on mining, by collecting a large number of powerful mining devices.
A decentralised way to validate transactions on blockchain.
A cryptographic function that serves to identify each block of the blockchain.
In the cryptocurrency sector, it indicates the way and rules by which projects and blockchains are governed.
Commission paid for the execution of transactions.
The possibility for an attacker to spend the same amount twice if the payment system does not have a mechanism to prevent this.
A Denial of Service is a computer attack that aims to make a network or service inaccessible.
Distributed Ledger Technologies are technologies based on an immutable ledger of transactions, the control of which is distributed.
It is said of a system governed by the consensus of its participants and without a central authority or hierarchy.
Wallets that are not connected to the internet.
In blockchain technology, it is a connection that allows interaction between different blockchains.
Increase in the value of an asset, in an excessive way, given its intrinsic value.
It allows you to consult any transaction made on a blockchain online
The set of encrypted transactions that, connected to other blocks, makes up a blockchain.
Devices dedicated to mining certain cryptocurrencies.
The ability to exchange data with other platforms, including those based on different types of blockchain, as well as with the off-chain world.
When a node or group of nodes attempts to take control of the blockchain.
