Glossary
Internet Evolution and Structure:
Web2: Also known as the social web, Web2 refers to the second stage of the internet that involves user-generated content, social networking, and interactivity.
Web3: The next generation of the internet, often referred to as the decentralized web, that leverages blockchain technology to create a more transparent, secure, and user-centric online experience.
Blockchain and Cryptocurrency Terms:
Blockchain: A type of distributed ledger that records transactions across many computers in such a way that the recorded transactions cannot be altered retroactively.
Decentralized: A system where no single entity has control, and authority and decision-making are distributed across the network. This is a key feature of blockchain networks.
Centralization: The concentration of control or authority in a single central point or entity. Opposite of decentralization.
Protocol: In computing, a protocol is a set of rules or procedures for transmitting data between devices. In blockchain, it refers to the underlying rules that govern how the blockchain operates.
Token: In the context of blockchain, a token represents a unit of value issued by a project. Tokens can serve various purposes within the blockchain ecosystem they belong to.
NFT: Stands for Non-Fungible Token. These are unique digital assets on the blockchain that can represent ownership or proof of authenticity of a wide range of tangible and intangible items.
DAO: Stands for Decentralized Autonomous Organization. It's an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government.
Polygon Blockchain: A framework for building and connecting Ethereum-compatible blockchain networks, providing scalable solutions and interoperable blockchain infrastructure.
Token Supply: Refers to the total amount of tokens that exist for a particular cryptocurrency or project.
Bonding Curve: A mathematical curve that defines a relationship between price and token supply. It's used in decentralized finance to create automated, predictable pricing mechanisms for tokens.
Social Media and Gamification:
Shadow Banning: A practice where a user's posts are blocked or made less visible to others without the user being notified.
Gamification: Gamification is the process of adding game-like elements to non-game activities. It's used to make these activities more enjoyable and engaging, encouraging people to participate more.
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