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CRADLE CRYPTO TERMS

"Ready to take the plunge into the crypto and blockchain revolution." Our Meticulous Curated Technical Jargons Will Guide You From HODL to HASH RATE.

Ether

The digital currency of the Ethereum network. Ether is used to pay the transaction and processing fees of Ethereum decentralized applications and smart contracts.

Blockchain Trilemma

The Blockchain Trilemma refers to the challenge in achieving a balance between scalability, decentralization, and security in a blockchain network.

Beacon Chain

A blockchain that coordinates shard chains, manages staking and the registry of validators in a PoS cryptocurrency, such as Ethereum 2.0.

Liquid Staking

Liquid staking allows users to stake tokens and simultaneously use them in the DeFi ecosystem. 13.Full Nodes - Nodes that download a blockchain’s entire history in order to observe and enforce its rules.

Exchange

A system on which assets like cryptocurrencies can be bought, sold, and stored. Exchanges can be centralized where a company controls them; or decentralized (peer-to-peer).

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Dive into a treasure trove of 50 Articles making breeze and they bridging the gap into the realm of Crypto and Blockchain in 3 minutes of read

wallet

Faucet

Node

NFT

GAS

Tokens

Consensus

Mining

EVM

Cryptocurrency wallets are digital tools that store private keys, enabling users to securely manage their digital assets, send and receive payments, and monitor their portfolio.

Faucets are platforms or applications that dispense small amounts of cryptocurrency to users, often for educational purposes, testing, or as rewards for participation.

Nodes are integral components of blockchain networks, responsible for validating transactions, maintaining the ledger, and contributing to network consensus, ensuring transparency and security.

Cryptography, a cornerstone of blockchain technology, employs mathematical algorithms to secure data, authenticate transactions, and protect sensitive information in a tamper-resistant manner.

Web 2.0 represents the traditional internet with centralized services, while Web 3.0 signifies a decentralized, user-centric internet enabled by blockchain technology, offering enhanced privacy, security, and ownership.

Tokens are digital assets built on blockchain platforms, serving diverse purposes, from representing ownership and access to services to facilitating governance and utility within decentralized ecosystems.

The blockchain trilemma is a challenge in designing blockchain networks, as it involves finding the delicate balance between security, decentralization, and scalability, with trade-offs between these essential attributes.

The Ethereum Virtual Machine (EVM) is a runtime environment for executing smart contracts on the Ethereum blockchain, enabling the creation of decentralized applications (DApps) with self-executing code.

Smart contracts are self-executing, programmable agreements that automatically execute predefined actions when conditions are met, enhancing trust and automating processes on blockchain networks.

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