Glossary
A
AIP (AI Pulse)
PulsePay Protocol's governance token, used for revenue sharing and future governance voting.
AMM (Automated Market Maker)
Automated Market Maker, the core mechanism of decentralized exchanges that uses algorithms for automatic pricing and trade matching.
APY (Annual Percentage Yield)
Annual Percentage Yield, the yield metric for DeFi projects.
APR (Annual Percentage Rate)
Annual Percentage Rate, similar to APY but calculated differently.
Audit
Security audit, third-party company's security review of smart contract code.
B
BSC (Binance Smart Chain)
Binance Smart Chain, the primary blockchain network where PulsePay operates.
BEP-20
Token standard on BSC chain, similar to Ethereum's ERC-20.
Bridge
Cross-chain bridge, a protocol allowing asset transfer between different blockchains.
C
CEX (Centralized Exchange)
Centralized Exchange, such as Binance, OKX, where assets are traded.
Claim
Claim, the operation to claim earnings in DeFi.
Cross-chain
Cross-chain, technology connecting different blockchains.
D
DAO (Decentralized Autonomous Organization)
Decentralized Autonomous Organization, an organizational form governed by smart contracts and token voting.
dApp (Decentralized Application)
Decentralized Application, applications running on the blockchain.
DEX (Decentralized Exchange)
Decentralized Exchange, users trade directly through smart contracts without intermediaries.
Diamond
Diamond pattern, an upgradeable pattern for smart contracts.
DYOR (Do Your Own Research)
Do Your Own Research, independent investigation before investing, don't follow blindly.
E
ERC-20
Token standard on Ethereum chain, defining basic token interfaces.
EVM (Ethereum Virtual Machine)
Ethereum Virtual Machine, the runtime environment for executing smart contracts.
F
FOMO (Fear Of Missing Out)
Fear Of Missing Out, fear of missing opportunities that may lead to impulsive investments.
G
Gas Fee
Gas Fee, the cost of executing transactions/contract operations on the blockchain.
Governance
Governance, deciding protocol parameters and development direction through token voting.
H
Hash
Hash, a fixed-length string generated through hash functions, used to identify data.
I
Impermanent Loss
Impermanent Loss, potential loss for liquidity providers due to asset price changes in the pool.
K
KYC (Know Your Customer)
Know Your Customer, identity verification process.
L
L2 (Layer 2)
Layer 2, scaling solutions built on top of the main chain, improving efficiency and reducing costs.
LP (Liquidity Provider)
Liquidity Provider, users who inject assets into DEX and receive a share of fees.
LP Token
Liquidity Token, certificates received after LP deposits assets, can be redeemed.
LTV (Loan-to-Value)
Loan-to-Value, the maximum borrowable amount relative to collateral.
M
Mainnet
Mainnet, the officially running blockchain network, as opposed to testnet.
Mint
Mint, creating new tokens or NFTs.
MVP (Minimum Viable Product)
Minimum Viable Product, strategy for quickly launching core features.
N
NFT (Non-Fungible Token)
Non-Fungible Token, each token is unique digital asset.
Node
Node, participants in blockchain networks that maintain network operation.
O
Oracle
Oracle, a service that brings external data onto the blockchain.
P
PoS (Proof of Stake)
Proof of Stake, one of the blockchain consensus mechanisms.
PoW (Proof of Work)
Proof of Work, the consensus mechanism used by Bitcoin.
Private Key
Private Key, the highest authority controlling wallet/account, must be kept secret.
Protocol
Protocol, the set of rules and smart contracts on the blockchain.
Proxy Contract
Proxy Contract, a pattern used for upgrading smart contracts.
R
RPC (Remote Procedure Call)
Remote Procedure Call, a way to connect to the blockchain.
Rekt
Rekt, slang meaning to suffer heavy investment losses.
Rug Pull
Rug Pull, a type of scam where developers run away with funds.
S
Seed Phrase
Seed Phrase, 12-24 words used to recover wallet.
Smart Contract
Smart Contract, self-executing programs running on the blockchain.
Snapshot
Snapshot, recording token holdings at a specific point in time for airdrop or dividend distribution.
Staking
Staking, locking tokens to earn returns or governance rights.
Supply
Supply, the total issuance of Token.
T
TGE (Token Generation Event)
Token Generation Event, the moment when Token is officially created and distributed.
Timelock
Timelock, a security mechanism where contract operations must wait a period before taking effect.
Token
Token, digital asset on the blockchain.
Tokenomics
Tokenomics, economic models of token distribution, supply, and incentives.
TPS (Transactions Per Second)
Transactions Per Second, a metric for blockchain processing capability.
TVL (Total Value Locked)
Total Value Locked, the total assets deposited in DeFi protocols.
Tx Hash / TxID
Tx Hash / TxID, the unique identifier for each transaction on the blockchain.
U
USDT (Tether)
Tether, a stablecoin pegged to the US dollar.
V
Validator
Validator, nodes responsible for packaging transactions and producing blocks on PoS blockchains.
W
Wallet
Wallet, a tool for managing crypto assets.
Web3
Third generation of the internet, a decentralized network based on blockchain.
Whale
Whale, individuals or institutions holding large amounts of tokens.
Whitepaper
Whitepaper, detailed technical documentation introducing a project.
Wrapped Token
Wrapped Token, tokens representing assets from another chain on one chain.
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