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
Gas fee
The charge paid to have a transaction processed on a blockchain. Fees rise with congestion, which…
Spot ETF
An exchange-traded fund that holds the asset itself rather than futures contracts on it. A spot…
Smart contract
Code deployed to a blockchain that executes automatically when its conditions are met. It removes the…
Editorial
An unsigned piece stating the publication's own institutional position, distinct from both news reporting and outside…