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Glossary

Explore essential terms related to the Mchain Blockchain, aiding your understanding of the MAR platform. E

Airdrops​

Free distribution of a cryptocurrency token or coin to a large number of wallet addresses.

Blockchain​

A digital ledger of transactions, duplicated across a network of computers.

Blocks​

Units of data stored on the blockchain.

Bonded Validator​

Validators who have been elected to participate in the consensus protocol by having tokens staked.

Bonding​

The act of locking up a certain amount of cryptocurrency to support the security and operations of a network.

Burn​

Destroying cryptocurrency permanently, removing it from circulation.

Commission​

The fee taken by validators or delegators as a reward for validating and adding blocks to the blockchain.

Community Pool​

A communal fund that contains accrued funds to be spent on community initiatives.

Consensus​

Agreement reached by the network on the state of the blockchain.

Cosmos-SDK​

A framework for building blockchain applications in Golang, tailored for Cosmos.

CosmWasm​

A smart contracting platform built for the Cosmos SDK.

dApp​

Decentralized Application that operates on a blockchain network rather than a single centralized server.

DDoS​

Distributed Denial of Service attack, a cyber-attack that seeks to disrupt the normal traffic of a network.

DeFi​

Decentralized Finance, an ecosystem of financial applications built on top of blockchain platforms.

Delegate​

To entrust tokens to a validator for staking purposes.

Delegator​

A person who delegates their tokens to a validator to participate in the consensus protocol.

ERC20​

A token standard on the Ethereum blockchain, enabling the creation of fungible tokens.

Full Node​

A server that hosts a complete copy of the blockchain data.

Gas Fees​

Fees associated with executing transactions or smart contracts on a blockchain network.

Governance​

The system by which changes or decisions are made within a blockchain network.

Governance Proposal​

A formalized suggestion for changes or actions in a blockchain network.

IBC​

Inter-Blockchain Communication, a protocol that enables different blockchain networks to communicate.

Mainnet​

The primary public blockchain network of a platform.

MAR​

The native cryptocurrency token of the Mchain platform.

MAR ERC20​

The ERC20 version of the MAR token on the Ethereum blockchain.

Mchain core​

The foundational code and protocols that power the Mchain blockchain.

mchaind​

The daemon, or background service, associated with Mchain.

Module​

A component within the Cosmos SDK that encapsulates core functionality for a specific purpose.

Oracle​

Entities that submit external information or data to a blockchain.

Pools​

Liquidity reservoirs or groups of tokens, often used in DeFi protocols.

Proof of Stake​

A consensus mechanism where block validation is tied to the amount of cryptocurrency a person holds or stakes.

Quorum​

The minimum number of members required to conduct business or make decisions.

Redelegate​

The process of moving staked tokens from one validator to another.

Reflection Token​

A token that redistributes a percentage of each transaction to existing holders.

Rewards​

Cryptocurrency earned by validators and delegators for validating and adding blocks.

Self-delegation​

When a validator stakes their own tokens on their infrastructure.

Slashing​

The penalty imposed on validators for malicious or faulty behavior.

Slippage​

The difference between the expected price of a trade and the executed price.

Stake​

The cryptocurrency locked in a wallet to support the consensus and operations of a PoS blockchain.

Staking​

The process of locking up funds to support network security and operations, in return for rewards.

Swap​

A process where one cryptocurrency is exchanged for another at a set rate, often facilitated by decentralized platforms or automated market makers.

Testnet​

A separate blockchain used for testing and experimentation.

Total Stake​

The aggregate of all staked tokens in the network.

Total Supply​

The maximum amount of a cryptocurrency token that will ever be created. It represents the sum of all coins in circulation and those yet to be released.

Uptime​

The operational time of a node or validator.

Validator​

Entities that propose and vote on blocks in the consensus protocol.

Weight​

The influence of a vote in consensus or governance, often tied to the amount of cryptocurrency staked or held.