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Glossary
Every expert refines their crypto journey over time. Dive deeper and master complex concepts and strategies.
The term quorum defines the essential number of required individuals or necessary votes which must be present to create valid decisions within blockchain networks and decentralized organizations. The crypto governance systems use quorum to guarantee that proposals receive approval only after sufficient stakeholders participate in the voting process. Quorum exists in decentralized autonomous organizations and token-based governance systems as a voting power requirement which must reach a specific percentage threshold. A proposal requires at least 20 percent of governance tokens
Every time money moves on a blockchain, someone bears the cost. That cost is called the gas price, and understanding it early can spare users some real frustration. Gas price is what a user offers to pay per unit of computational work when pushing a transaction through or executing a smart contract. It is not something a company sets or a bank quietly decides. It goes directly to the validators and miners doing the actual work—processing, verifying, and locking transactions
A liquidity pool is a digital pot of cryptocurrency locked inside an automated computer program, built to let people trade coins on the spot—no bank, no broker, no third party taking a cut or slowing things down. What fills these pools isn’t institutional money, but regular people. Known as liquidity providers, they deposit matching values of two tokens and, in return, collect a share of the fees every time someone trades through that pool. Busier pools generate more fees, and
A whitepaper is the document released before or during the start of a project that explains the vision, technology, and how the cryptocurrency or blockchain project will work. It is the main place for information for potential investors, developers, users, and the community to get all the information they need. The most well-known whitepaper is “Bitcoin: A Peer-to-Peer Electronic Cash System,” which Satoshi Nakamoto published in 2008. A typical paper includes a problem statement, which explains the specific issues the