Glossary Terms

Think of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It’s a chain of transaction blocks linked chronologically.

The blockchain ledgerThe blockchain ledger represents the beating heart of these groundbreaking networks. It constitutes an ever-expanding database registering all transactions transparently across the system. More represents the beating heart of these groundbreaking networks. It constitutes an ever-expanding database registering all transactions transparently across the system.

The “dark web” refers to parts of the internet only accessible through encryption software like Tor. The dark webThe "dark web" refers to parts of the internet only accessible through encryption software like Tor. The dark web provides high anonymity for users since... More provides high anonymity for users since it operates on encrypted networks.

With normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the shots, a decentralizedWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the... More cryptocurrency network spread out control across many participants around the world. This is called a decentralizedWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the... More system.

EtherEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More (ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More) is used to pay for computation and token swaps on EthereumEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More. Users “fuel” smart contractsA smart contract is code that runs automatically when certain conditions are met. Kind of like "if-then" programming. If X happens, then the smart contract... More and DApps with ETHEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH. More.