Verifiable Random Function (VRF)
Riccardo Dondi
A Verifiable Random Function (VRF) ensures secure, verifiable randomness in blockchain, crucial for fair validator selection, cryptographic sortition, and transparency.
Cryptocurrency
Verifiable Delay Function (VDF)
Verifiable Delay Functions (VDFs) ensure security, fairness, and integrity in cryptocurrency by introducing non-parallelizable delays and efficient verification.
Velocity of Money
The velocity of money measures how frequently a cryptocurrency is used in transactions, offering insights into its adoption, economic health, and market activity.
Vault Contract
A Vault Contract in cryptocurrency is a smart contract for secure and automated management of digital assets, leveraging blockchain technology for enhanced security.
Vanity Smart Contract
"Vanity smart contracts combine personalized vanity addresses with automated smart contracts, enhancing branding, security, and trust in the crypto ecosystem."
Vanity Address
A vanity address in cryptocurrency is a customized address with specific patterns, enhancing branding, personalization, and trust, but posing security and privacy risks.
Validator
Validators play a crucial role in cryptocurrency, ensuring transaction verification, block creation, and network security, essential for blockchain integrity.
Utility Token
Utility tokens provide access to services and participatory rights within blockchain platforms, distinct from investment tokens and cryptocurrencies.
Up only
"Up only" in cryptocurrency refers to the belief that a digital asset's price will continually rise, reflecting a bullish market sentiment and investor confidence.
Trustless
Trustless systems in cryptocurrency eliminate the need for intermediaries, enhancing security, reducing costs, and increasing transparency through blockchain technology.