NFT, Non‑Fungible Token
Token standard for unique digital items, often representing art, in‑game assets, tickets, or identity primitives.
Dapp Ahoy! World beyond Web3
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Archives: Glossary
Archives: Glossary
Merkle Tree
A hash-based data structure that enables efficient verification of large data sets with compact proofs.
Layer 2
Scaling networks built on top of a Layer 1, batching or compressing transactions and posting proofs back to L1.
Layer 1
Base blockchain that provides security and consensus, examples include Bitcoin, Ethereum, and Acki Nacki.
Gas
Fee paid to execute transactions or smart contract operations, priced per unit of computation and storage.
Fork
A protocol change that creates a new path of blocks, can be soft (backward compatible) or hard (not compatible).
EVM, Ethereum Virtual Machine
The runtime that executes smart contracts on Ethereum and EVM-compatible chains.
DeFi, Decentralized Finance
Financial services built on public blockchains, open to anyone with a wallet, programmable and composable.
dApp, Decentralized Application
An application that runs on a blockchain or similar network, using smart contracts for core logic.
DAO, Decentralized Autonomous Organization
A token-governed group coordinating via smart contracts and on-chain voting, with transparent rules and treasuries.
Consensus
The mechanism by which nodes agree on the state of the ledger, examples include Proof of Work and Proof of Stake.
