All terms
All termsAddressBlockBlock timeBlockchainConfirmationGasGweiHashMempoolNodePrivate keyPublic keySeed phraseTransactionWalletAll time high (ATH)Bear marketBull marketCandlestickCapitulationChart patternsDollar cost averaging (DCA)Funding rateLeverageLimit orderLiquidationLiquidityMarket capMarket orderOrder bookPosition sizingRisk managementSlippageSpreadSupport and resistanceTrendVolatilityVolumeWhaleAMMBridgeCEXDAODeFiDepegDEXFlash loanGovernance tokenImpermanent lossLiquidity poolLP tokenOraclePerpetual (perp)RestakingRWAStablecoinTVLWrapped tokenYield farmingAirdropAlphaApe inBagholderDegenDiamond handsFloor priceFOMOFUDGMHODLMaxiMeme coinMoonNFTNGMINormiePaper handsPFPRektShillSnapshotWAGMIAddress poisoningCold storageCustodyDue diligence (DYOR)Dusting attackExit scamFront runningHardware walletHoneypotHot walletMEVMultisigPhishingPump and dumpRug pullSandwich attackSelf custodySIM swapToken approvalTwo factor authenticationWallet drainerWash tradingAccount abstractionAppchainBlock explorerCirculating and total supplyConsensusData availabilityEVMFaucetFinalityForkFully diluted valuation (FDV)Gas warHalvingLayer 1Layer 2Layer 3MainnetMiningName serviceOptimistic rollupProof of stakeProof of workRollupShardingSidechainSlashingSmart contractStakingTestnetToken standardTokenomicsValidatorZero knowledge proofZK rollupArweave and the permawebComposabilityCross chain messagingdAppDecentralized identity (DID)DePINGameFi and play to earnIndexerInteroperabilityIPFSOnchain and offchainSession keysSmart accountSocialFiSoulbound tokenSybil resistanceToken gatingWeb2 vs Web3Web3
Definition
How a distributed network agrees on which transactions are valid and in what order.
Consensus is the mechanism that lets thousands of independent computers agree without a coordinator. It answers who gets to add the next block and how disagreements resolve.
Proof of work spends electricity to make attacks expensive. Proof of stake requires capital at risk instead. Both make dishonesty cost more than it pays.
In practice
Bitcoin uses proof of work. Ethereum switched to proof of stake in 2022, cutting energy use by more than 99 percent.
Where to go next
Proof of workSecuring a chain by making block production computationally expensive.Proof of stakeSecuring a chain by requiring validators to lock capital they can lose.ValidatorA participant that proposes and attests blocks in a proof of stake network.FinalityThe point at which a transaction can no longer be reversed.
More technology terms
Account abstractionAppchainBlock explorerCirculating and total supplyData availabilityEVMFaucetFinalityForkFully diluted valuation (FDV)Gas warHalving
Want this explained out loud?
Some of these land faster in conversation than in writing. Sessions are one to one and you can ask anything, including the things that feel too obvious to ask.