Glossary Crypto & Web3
Proof of work
A method of securing a blockchain by requiring real computing effort to add blocks. It is deliberately expensive, which is both its security model and its main environmental criticism.
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More from the glossary
API
An application programming interface: a defined way for one piece of software to ask another for…
Smart contract
Code deployed to a blockchain that executes automatically when its conditions are met. It removes the…
Bill
A proposed law, still going through the legislature. It is not law until it has passed…
ETF
An exchange-traded fund: a basket of assets that trades on an exchange like a single share.…