Archives Glossary Terms

Address

Glossary Terms 1

In simple terms, a blockchain address works like a digital address, similar to your home address or a website URL, but on the blockchain. It is a unique string of letters and numbers used to identify a specific wallet. This…

Airdrop

binance airdrop

In the world of cryptocurrency and blockchain, an “Airdrop” refers to the free distribution of digital assets to the public. This distribution can happen either because a person holds a specific token or simply because their wallet is active on…

Phantom Wallet

phantom wallet

Phantom wallet is a non-custodial Cryptocurrency wallet. It allows users to manage their digital assets, interact with decentralized applications (dapps), and trade non-fungible tokens (NFTs). In starting, the Phantom wallet is designed for the Solana Blockchain and managing Solana-based assets.…

Sharding

Glossary Terms 2

Sharding is a concept that divides a blockchain network’s validators into multiple sets. Each set of validators remains fully capable of adding new blocks to the network, independently.Currently, this concept is gaining popularity with the Ethereum blockchain. Sharding provides multiple…