Orphan Block
Riccardo Dondi
An orphan block in cryptocurrency refers to a valid block not included in the main blockchain, occurring when two miners solve a block simultaneously.
Blockchain Technology
On-chain
On-chain refers to transactions executed and recorded directly on a blockchain, ensuring transparency, security, and decentralization in the cryptocurrency realm.
Off-Chain Computation
Off-chain computation enhances blockchain efficiency by performing data computations externally and relaying verified results back to the blockchain for scalability and privacy.
Off-chain
Off-chain refers to cryptocurrency transactions or data storage outside the blockchain, enhancing scalability, speed, and cost-efficiency but with transparency trade-offs.
Multichain
Multichain enables the creation of multiple, interoperable blockchains, offering flexibility, scalability, and enhanced security in the cryptocurrency ecosystem.
Merkle Trees
Merkle Trees ensure data integrity and efficient verification in cryptocurrency by recursively hashing data blocks, culminating in a single Merkle Root.
Merkle Tree
Merkle Trees are essential in blockchain technology, enabling secure, efficient, and scalable data verification crucial for cryptocurrencies like Bitcoin and Ethereum.
Merkle Root
The Merkle Root is a single hash value derived from multiple hashes, ensuring data integrity and efficient verification in blockchain technology.
Masternode
A masternode is a server in a decentralized network that performs advanced functions like instant transactions, privacy enhancements, and governance participation.
Liquid Democracy
Liquid Democracy combines direct and representative democracy, leveraging blockchain for transparent and flexible governance in cryptocurrencies.