Glossary
Explore essential terms related to the Mchain Blockchain.
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.
MARK Arbitrum
The ERC20 version of the MARK token on the Arbitrum One blockchain.
MARK
The native cryptocurrency token of the Mchain platform.
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.
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.