Glossary Crypto & Web3
Proof of work
A method of securing a blockchain by requiring real computing effort to add blocks. It is deliberately expensive, which is both its security model and its main environmental criticism.
More from the glossary
Custody
Who actually holds the keys. Self-custody means you do; a custodian means a regulated firm does,…
Cloud computing
Renting computing power and storage from a provider rather than running your own servers. It converts…
ETF
An exchange-traded fund: a basket of assets that trades on an exchange like a single share.…
Stablecoin
A token designed to hold a steady value, usually one US dollar, by holding reserves or…