Glossary

CeFi

CeFi (Centralized Finance) refers to financial services in crypto that are managed by centralized companies acting as intermediaries for users.

Scalability is the ability of a blockchain or system to handle increasing numbers of transactions or users efficiently without performance loss.

Bitcoin halving is a scheduled event where mining rewards are cut in half, reducing new supply and controlling inflation.

A whitepaper is a detailed document that explains a project’s concept, technology, goals, and how it plans to work or solve a problem.

Transaction fees are charges paid to process and validate transactions on a blockchain network.

Proof of Work (PoW) is a consensus mechanism where miners use computing power to validate transactions and secure the blockchain.

A blockchain protocol is the set of rules and standards that govern how a blockchain network operates, validates transactions, and reaches consensus.

Hashing is the process of converting data into a fixed-length code using a cryptographic function, ensuring data integrity and security.

Cryptography is the science of securing information using mathematical techniques to protect data, ensure privacy, and verify authenticity.