Glossary Crypto & Web3
Proof of stake
A method of securing a blockchain in which validators lock up coins as collateral instead of burning electricity. Misbehaviour costs them part of that stake.
More from the glossary
Interest rate
The price of borrowing money. When a central bank moves its policy rate, mortgages, business loans…
DeFi
Decentralised finance: lending, trading and derivatives run by smart contracts rather than by a bank or…
Private key
The secret number that authorises spending from a crypto address. Anyone who has it controls the…
Stablecoin
A token designed to hold a steady value, usually one US dollar, by holding reserves or…