The Dictionary
Explore 336+ clear, technical, and objective definitions defining the decentralized future.
Recently Defined
Block Height
Block height is the number assigned to a block based on its position in the blockchain.
Block
A block is a collection of validated transactions added to a blockchain.
Confirmation
A confirmation indicates that a blockchain transaction has been included in a block and recognised by the network. Additional blocks built afterward can provide further confidence that the transaction will remain part of the accepted blockchain history.
Double Spending
Double spending is an attempt to spend the same cryptocurrency more than once.
Consensus Mechanism
A consensus mechanism is the method a blockchain uses to ensure that all participants agree on the validity of transactions and the current state of the network without relying on a central authority.
EVM (Ethereum Virtual Machine)
The Ethereum Virtual Machine (EVM) is a decentralized computation engine that executes smart contracts on the Ethereum network.
Wallet Approval
A wallet approval gives a smart contract permission to use or move specific tokens from your wallet.
Phishing
Phishing is a scam where attackers trick users into revealing private information or signing harmful transactions.
Exploit
An exploit is when someone uses a weakness in code, design, or security to gain unauthorized value.
Audit
A smart contract audit is a security review of blockchain code by experts.
Honeypot
A honeypot is a scam token that allows users to buy but prevents them from selling.
Rug Pull
A rug pull is a crypto scam or abusive project exit in which developers, insiders, or token creators extract value from a project and leave other holders with large losses. The term commonly refers to removing liquidity from a decentralised exchange, selling a large insider token allocation, or using malicious smart contract permissions.
Proposal
A proposal is a formal suggestion submitted to a DAO or project community for discussion and voting.
Treasury
A treasury is a pool of funds controlled by a project, DAO, foundation, or team.
DAO
A DAO, or Decentralized Autonomous Organization, is a community-led organization that uses blockchain tools for governance and decision-making.
Faucet
A faucet is a tool that gives small amounts of testnet tokens for free.
Testnet
A testnet is a testing version of a blockchain used for experiments without risking real funds.
Mainnet
A mainnet is the live version of a blockchain where real transactions and real assets are used.
Roadmap
A roadmap is a project’s planned timeline for development, launches, upgrades, and ecosystem goals.
Whitepaper
A whitepaper is a document that explains a crypto project’s purpose, technology, token model, and roadmap.