Knowledge & Technology

Public Key Definition: A cryptographic key used for encryption and verifying digital signatures, working in tandem with a private key to ensure secure communication and authentication.

Protocol Layer: A defined component within a blockchain network’s architecture, encompassing base networks and secondary frameworks.

Proof of Reserves: A verification method used by cryptocurrency exchanges to confirm they hold enough reserves to allow users to withdraw their funds.

Polygon (MATIC) Definition: A layer-2 scaling solution and multi-chain framework for Ethereum, designed to deliver faster transactions and reduce fees while maintaining security and compatibility with the Ethereum network.

Public Blockchain Definition: A blockchain network open to everyone, allowing anyone to access, view, and participate. It features a transparent public ledger that records the entire transaction history.

Protocol Definition: A set of rules governing data transmission and sharing within blockchain networks, smart contracts, or dApps.

A private key, also known as a secret key, is a cryptographic key that grants access to and control over cryptocurrency wallets. It serves as proof of ownership and ensures the security of digital assets. Keeping your private key confidential is essential to safeguard your funds from unauthorized access.

Polkadot (DOT) is a multi-chain blockchain platform designed to enable interoperability between different blockchains. It is powered by its native cryptocurrency, DOT.

A public address, also known as a wallet address, is a unique identifier for a cryptocurrency wallet. It can be shared with others to receive cryptocurrency securely.

Proof-of-Work (PoW) is a widely used consensus mechanism in blockchain technology. It requires miners to solve complex cryptographic puzzles to validate transactions and securely add new blocks to the blockchain.