Smart contracts
(noun): Self-executing computer programs that automatically enforce the terms of an agreement.
Example: A smart contract can be used to facilitate a digital payment when specific conditions are met, such as the delivery of goods.
Solidity
(noun): A programming language used to write smart contracts on the Ethereum blockchain.
Example: Developers use Solidity to create decentralized applications (DApps) and automate processes.
Scalability
(noun): The ability of a system to handle increased workload or user demand efficiently.
Example: Scalability is a scalable online shopping platform that can handle a surge in visitors during holiday sales without slowing down.
Security
(noun): Measures taken to protect against unauthorized access, data breaches, and other potential threats.
Example: Using strong passwords and encryption to secure sensitive information.
Staking
(noun/verb): The process of locking up cryptocurrency to support network operations or participate in proof-of-stake (PoS) block validation.
Example: Staking 100 tokens in a PoS blockchain to become an active validator.
Sharding
(noun/verb): A technique used to improve blockchain scalability by partitioning data into smaller segments (shards).
Example: “Sharding allows a blockchain to process transactions more efficiently by dividing the workload among different nodes.”
Sidechains
(noun): Separate blockchains that can interact with the main blockchain while running independently.
Example: A sidechain can be used to test new features before deploying them to the main chain.
Staking pools
(noun): Pools where multiple users combine their staking resources to increase their chances of earning rewards in a PoS network.
Example: By joining a staking pool, small investors can pool their funds together for a greater chance of receiving staking rewards.
Storage decentralization
(noun): Distributing data across multiple nodes or devices rather than storing it on a centralized server.
Example: A decentralized file storage system that utilizes the unused space on users’ computers to store and retrieve files securely.
