Protocol Fees
Protocol fees refer to the charges imposed by a blockchain network for the processing of transactions and the execution of smart contracts. These fees are typically paid in the network's native cryptocurrency and are used to compensate validators or miners for their role in maintaining the network's security and operations. Recent data from Ethereum, one...
Prover
In the realm of blockchain technology and cryptocurrency, a "Prover" is an entity that generates a cryptographic proof to validate a specific transaction or operation. This is a fundamental component of the consensus mechanism in many blockchain systems, ensuring the integrity and security of transactions. Prover in the Blockchain Ecosystem Blockchain technology has revolutionized the...
Proxy Contract
A "Proxy Contract" in the context of blockchain and smart contract technology refers to a smart contract that acts as an intermediary or delegate for another contract, allowing for the modification or upgrading of the contract's logic without altering the original contract's address or stored data. This mechanism is crucial for maintaining long-term flexibility and...
Public Blockchain
A public blockchain is a decentralized network that anyone can join and participate in without restrictions. It operates on a consensus mechanism that ensures all transactions are transparent and immutable. Recent data shows that the market capitalization of cryptocurrencies operating on public blockchains has surged, with Bitcoin and Ethereum leading the pack. For instance, as...
Public Key
A public key is a crucial component in various cryptographic systems and protocols, primarily used for encrypting data and verifying digital signatures. It is made publicly available to facilitate secure communication and transactions. Recent advancements in technology have seen the public key infrastructure (PKI) become integral to securing digital interactions in the financial and tech...
Public Key Certificate
A public key certificate, also known as a digital certificate, provides a digital identity to an entity in the form of a cryptographic key. It serves a crucial role in verifying the authenticity of websites and enabling secure communication over insecure networks like the internet. For instance, when you visit a website with an HTTPS...
Public Key Cryptography
Public Key Cryptography, also known as asymmetric cryptography, involves the use of two numerically related keys, a public key for encryption and a private key for decryption. It is the backbone of many forms of secure online communication and transactions including digital signatures, SSL/TLS, and cryptocurrency transactions. To provide an example, one of the concrete...
Public Key Encryption
Public key encryption, also known as asymmetric encryption, is a method of securing information or data transmission through two different but mathematically linked cryptographic keys. A user-friendly form of encryption, it has tremendously transformed how information is protected and shared across channels that are vulnerable to breaches. In recent times, the application of public key...
Public Key Infrastructure
Public key infrastructure (PKI) is a set of rules, policies, and procedures needed to create, manage, distribute, use, store, and revoke digital certificates. It's a critical enabler for the secure transfer of data across networks. As per Statista, the global digital payment transaction value in 2020 was $5.4 trillion, showcasing the immense need for secure...
Public Private Key
Public private key, fundamentally, is a cryptographic system that uses two keys — a public key known to everyone and a private key known only to the recipient of the message. It plays an indispensable role in ensuring the security and privacy of digital communications. For example, in the cryptocurrency space, where blockchain technology thrives,...
Explore the MEXC Blog Glossary Archive to deepen your understanding of cryptocurrency and blockchain technology. This comprehensive resource features clear, easy-to-understand definitions of key crypto-related terms, concepts, and industry jargon. Whether you’re a beginner or an experienced trader, the glossary helps you stay informed, make smarter investment decisions, and navigate the fast-evolving crypto landscape with confidence. Start learning today and boost your crypto knowledge with MEXC!
