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Kamus Web3

Your comprehensive glossary to understanding the language of the decentralized web.

A

Address

Basics

A string of characters that represents a destination for a crypto transaction.

Airdrop

Marketing

A marketing strategy where free tokens are sent to wallet addresses to drive awareness.

Altcoin

Basics

Any cryptocurrency other than Bitcoin.

B

Block

Tech

A container for a batch of transactions on the blockchain.

Blockchain

Tech

A distributed ledger technology where data is stored in blocks linked together.

Bridge

Infrastructure

A protocol that allows independent blockchains to exchange data and value.

D

DAO

Governance

Decentralized Autonomous Organization. An organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government.

DApp

Tech

Decentralized Application. An application that runs on a blockchain network.

DeFi

Finance

Decentralized Finance. Financial services built on top of distributed networks with no central intermediaries.

G

Gas

Basics

A fee paid to process a transaction or execute a contract on the Ethereum blockchain.

H

HODL

Culture

A slang term for holding cryptocurrency rather than selling it. Originated from a typo of 'hold'.

L

Layer 2

Infrastructure

A secondary protocol built on top of an existing blockchain system (Layer 1) to improve scalability and efficiency.

M

Minting

Tech

The process of validating information, creating a new block, and recording that information into the blockchain.

N

NFT

Basics

Non-Fungible Token. A unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership.

S

Seed Phrase

Security

A series of words generated by your cryptocurrency wallet that give you access to the crypto associated with that wallet.

Smart Contract

Tech

Self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.

T

Token

Basics

A digital asset issued on a blockchain.

W

Wallet

Basics

A software or hardware tool that stores public and private keys and interacts with various blockchains.

Web3

Basics

The next iteration of the World Wide Web, incorporating concepts such as decentralization, blockchain technologies, and token-based economics.

Whale

Culture

An individual or entity that holds a large amount of cryptocurrency.