Encyclopedia
What Is a Blockchain Bridge? Definition, Types, and Security Risks
Definition
A blockchain bridge is a protocol that enables the transfer of assets, data, or messages between two or more independent blockchain networks. Just as …
What Is a DApp? Definition, Architecture, and Examples
Definition
A decentralised application (DApp) is a software application whose backend logic executes on a blockchain through smart contracts rather than on …
What Is a Rollup? Definition, Types, and Role in Blockchain Scaling
Definition
A rollup is a Layer 2 blockchain scaling solution that executes transactions outside the main blockchain (Layer 1) but posts transaction data or …
What Is a Seed Phrase? Definition, Security, and Best Practices
Definition
A seed phrase (also called a recovery phrase, mnemonic phrase, or backup phrase) is a sequence of 12 or 24 words that serves as the master backup for …
What Is a Web3 Wallet? Definition, Types, and Security
Definition
A Web3 wallet is a software application or hardware device that manages cryptographic key pairs used to interact with blockchain networks. Despite …
What Is Gas in Web3? Definition, Mechanics, and Optimisation
Definition
Gas is the unit of measurement for the computational effort required to execute operations on a blockchain network, most prominently Ethereum and …
What Is IPFS? Definition, Architecture, and Web3 Applications
Definition
The InterPlanetary File System (IPFS) is a peer-to-peer distributed protocol for storing and accessing files, websites, applications, and data. …
What Is the Metaverse? Definition, Technology, and Web3 Integration
Definition
The metaverse is a conceptual framework describing persistent, shared, three-dimensional virtual environments where users interact with each other …
What Is Web3? Definition, Architecture, and Significance
Definition
Web3 is the term used to describe the third evolutionary phase of the internet, characterised by decentralisation, token-based economics, and user …
DAO (Decentralised Autonomous Organisation): Definition and Types
DAO (Decentralised Autonomous Organisation): Definition and Types
A decentralised autonomous organisation (DAO) is an entity governed by rules encoded in smart …
Web3: Definition, History, and the Decentralised Internet Vision
Web3: Definition, History, and the Decentralised Internet Vision
Web3 (also written Web 3.0, though distinct from earlier “semantic web” uses of …