Glossary

The purpose of this page is to collect and present brief definitions of terms used in texts about DecimalChain, blockchains, and cryptocurrencies. Full articles are great (that's why we started this project), but some beginners may find it more convenient to start with a simple short explanation.
Please note that this compilation is aimed at the meta-level, not the project level, so terms related to the operation of the Decimal Wiki site (e.g., "administrator", "wikification", etc.) should not be included here. To familiarize yourself with them, visit our Help section.

B

Build — literally means «assembly». That is, a build is the working products obtained from source code.

Blockchain — a decentralized database in which all records (blocks) are linked together using cryptographic means.

Broadcast — a Decimal service that allows creating an offline transaction and then sending it to the blockchain network.

C

Custom coin — any coin created by a user in the Decimal network.

Coin — an electronic unit of value protected cryptographically and existing in the blockchain.

Coiner — a Decimal user who issues their own coin.

Custodial wallet — a method of storing funds in which the service provider owns the private keys of crypto addresses.

Consensus — an agreement among participants in an untrusted environment.

D

Delegator — a Decimal user who entrusts their coins to a validator and receives a proportional share of the reward for it.

F

Finalization — the process of final approval of a transaction. In the Decimal network, a transaction cannot be canceled immediately after it is recorded in a block.

M

Masternode — a Decimal network node that stores a replica of the blockchain and participates in consensus establishment.

Mathematical entity — an abstract concept that arises in mathematics. It is anything that is formally defined and can be used for deductive reasoning and mathematical proofs.

Mining — a method and process of generating/emitting new coins through solving computational tasks.

Minting — a method and process of generating/emitting new coins in exchange for organizing and maintaining the Decimal network, specifically by establishing consensus through voting.

N

Native token / Native coin — the base and key coin of the blockchain.

Non-custodial wallet — a method of storing funds in which the owner of the funds exclusively owns the private keys of crypto addresses.

O

Optimization — the selection of the best option among possible ones to achieve the highest efficiency of a certain process.

T

Transaction — an information message about sending funds in the blockchain network.

Transaction confirmation — the process of approving a transaction and recording it in the block chain.

Throughput — a metric characteristic that shows the ratio of the maximum quantity.

P

pBFT — a consensus algorithm based on the process of voting for candidate blocks.

PoS (Proof-of-Stake) — a consensus algorithm among network participants based on the participant’s insurance deposit at risk.

V

Validator — a Decimal user participating in consensus establishment.

Verification — a method of recognizing conformity to truth.

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