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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.

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Bipartisan

Supported by members of opposing parties. It describes the pattern of support for a measure, not…

Supply chain

The chain of suppliers, factories and transport that turns raw materials into a delivered product. A…

Bid-ask spread

The gap between the highest price a buyer will pay and the lowest a seller will…

Bull market

A sustained period of rising prices and confident sentiment. The common threshold is a rise of…

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