Glossary Crypto & Web3
Blockchain
A shared ledger of transactions maintained by many computers at once rather than by a single institution. Records are grouped into blocks and chained together cryptographically, so altering an old entry would mean redoing everything after it.
More from the glossary
NFT
A token recording ownership of a specific item rather than an interchangeable unit. What the holder…
Bid-ask spread
The gap between the highest price a buyer will pay and the lowest a seller will…
GPU
A graphics processing unit: a chip built to run many calculations in parallel. Originally for rendering…
Two-factor authentication
Requiring a second proof of identity beyond a password, such as a code from an app…