Minting
Riccardo Dondi
Minting in cryptocurrency refers to creating new coins or tokens, crucial for network sustainability, incentivizing participants, and ensuring scarcity.
Blockchain
Mainnet
A mainnet is the primary blockchain network for cryptocurrencies, handling real transactions, ensuring security, and supporting smart contracts.
Incentivization
Incentivization in cryptocurrency drives user participation, network security, and growth by rewarding activities like mining, staking, development, and user engagement.
Immutable
Immutability in cryptocurrency refers to data being unchangeable once recorded, ensuring security, transparency, and accountability in blockchain technology.
ICO (Initial Coin Offering)
An ICO is a fundraising mechanism where blockchain projects issue tokens in exchange for cryptocurrencies, offering early access but also involving significant risks.
Gas Limit
Gas Limit is the maximum computational work a user is willing to expend on a blockchain transaction, crucial for efficiency, cost management, and network stability.
Gas Fees
Gas fees in cryptocurrency are vital for network security, resource allocation, and miner compensation, calculated based on gas limit and gas price.
Full Node
A full node validates transactions and blocks, ensuring security, decentralization, and data integrity in blockchain networks like Bitcoin and Ethereum.
Fork (Hard)
A hard fork is a significant change in a blockchain's protocol, creating two separate chains with distinct rules, impacting security, features, and community dynamics.
Fork
Forks in cryptocurrency represent pivotal blockchain divergences, classified as hard or soft forks, each impacting network functionality, security, and user confidence.