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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.