Glossary of Terms

A glossary of key terms and concepts used throughout the whitepaper to aid reader understanding.

• Blockchain: A decentralized digital ledger that records transactions across multiple computers.

• Decentralized Application (DApp): An application that runs on a blockchain network, utilizing smart contracts for backend operations.

• Consensus Mechanism: A protocol used to achieve agreement on a single data value among distributed processes or systems.

• Proof of History (PoH): A cryptographic clock used in Solana to order transactions and events.

• Tower Byzantine Fault Tolerance (BFT): A consensus mechanism used in Solana for securing the network.

• Smart Contract: Self-executing contracts with the terms directly written into code, running on the blockchain.

• Staking: The process of locking up tokens to support network operations and earn rewards.

• Liquidity Pool: A collection of funds locked in a smart contract to facilitate decentralized trading.

• Yield Farming: The practice of earning rewards by providing liquidity to DeFi platforms.

• Zero-Knowledge Proof: A cryptographic method by which one party can prove to another that a statement is true without revealing any additional information.