The Dictionary
Explore 336+ clear, technical, and objective definitions defining the decentralized future.
Recently Defined
Vesting
Vesting is a schedule that delays when allocated tokens become available to a team, investor, contributor, or other beneficiary.
Tokenomics
Tokenomics describes how a crypto token's supply, distribution, incentives, and utility are designed to influence how the token functions over time.
Sandwich Attack
A sandwich attack places one trade before and another after a user's DEX trade to profit from the price movement caused by that user's transaction.
MEV(Maximal Extractable Value)
MEV (Maximal Extractable Value) is value that can be extracted by strategically including, excluding, or ordering transactions around normal blockchain activity.
Proof of Work
Proof of Work is a blockchain consensus system where miners use computing power to secure the network.
Proof of Stake
Proof of Stake is a blockchain consensus system where validators secure the network by staking coins.
Slashing
Slashing is a penalty applied to validators who break network rules or behave incorrectly.
Validator
A validator is a network participant in a Proof-of-Stake (PoS) blockchain that stakes cryptocurrency to propose, verify, and finalize new blocks of transactions, earning rewards for honest behavior and risking penalties (slashing) for misconduct.
Rollup
A rollup is a Layer 2 scaling method that bundles many transactions together before posting them to a Layer 1.
Layer 2
A Layer 2 is a scaling network built on top of a Layer 1 blockchain.
Layer 1
A Layer 1 is a base blockchain network that processes and secures transactions directly.
Bridge
A bridge moves crypto assets from one blockchain to another.
Seed Phrase
A seed phrase is a set of words that acts as the master backup for a crypto wallet.
zkEVM
A zkEVM is a Layer 2 rollup that uses zero-knowledge proofs (specifically, zk-SNARKs or zk-STARKs) to prove the correctness of Ethereum Virtual Machine execution to Ethereum L1. It produces compact cryptographic proofs that the rollup's state transitions are valid.
ve-Tokenomics
ve-tokenomics (vote-escrowed tokenomics) is a model where users lock their governance tokens for a chosen period — typically up to four years — in exchange for non-transferable voting power (veTokens) that decays over time. Longer locks earn more voting power and a larger share of protocol rewards.
Token Unlock
A token unlock is a scheduled release of previously locked tokens — typically those allocated to team members, early investors, the treasury, or advisors — into the circulating supply. Unlocks are defined by the token's vesting schedule, often published at launch.
Telegram Trading Bot
A Telegram trading bot is a chat-based interface, accessed inside the Telegram messenger, that lets users execute on-chain trades — typically swaps, sniping, copy-trading — by typing commands or tapping buttons. The bot holds a wallet on the user's behalf or relays signed transactions.
Sybil Attack
A Sybil attack is the creation of many fake or coordinated identities by a single entity to gain disproportionate influence in a system designed to give equal weight per participant — airdrops, governance votes, point programs, or social platforms.
Soulbound Token (SBT)
A soulbound token (SBT) is a non-transferable token tied permanently to a single wallet ("soul"). Unlike a normal NFT or ERC-20, an SBT cannot be sold or sent to another address — it represents an identity-linked credential, achievement, or membership.
Sniping Bot
A sniping bot is automated software that monitors blockchains or mempools for specific events — new token launches, liquidity additions, price thresholds — and submits transactions to act on them faster than a human could, often within the same block.