Sidechain
A sidechain is a separate blockchain that is attached to a parent blockchain using a two-way peg, allowing assets to be interchangeable and move between the two chains without losing their value. This concept is pivotal in enhancing blockchain scalability and functionality by offloading transactions from the main chain. Historical Context and Development of Sidechains...
Signature
A "signature" refers to a person's name or mark written in a distinctive way, often used for authorization or to signify agreement. In a broader context, it can also denote any unique identifying feature. Recent data from a survey conducted by the American Bankers Association shows that digital signatures accounted for over 60% of all...
Signature Verification
Signature verification is the process of validating the authenticity and integrity of a signature, whether digital or handwritten, to confirm the identity of the signer and ensure the document's legitimacy. This technology plays a critical role in various sectors, including banking, legal, and government services, where secure and verified transactions are paramount. Evolution and Technological...
Silvio Micali
Silvio Micali is an influential figure in the field of cryptography and recipient of the A.M. Turing Award, who contributed significantly to cryptography, zero-knowledge proof, and secure protocols. He is also renowned as the co-founder of Algorand, a blockchain that aims to achieve balance between decentralization, security, and scalability. Background and History Born in Palermo,...
Simon Dixon
Simon Dixon is a renowned name in the Bitcoin community, widely known for his contributions in the field of cryptocurrency and blockchain technology. Background and History Simon Dixon made his mark in the financial industry as the CEO and co-founder of BnkToTheFuture.com, an online investment platform. Previously, he held positions at the likes of Smiles...
Slashing
Slashing is a term used in the blockchain and cryptocurrency industry to refer to the punitive action taken against malicious validators in a Proof of Stake (PoS) system. It is a mechanism that ensures network security by penalizing those who attempt to undermine the system, either through double-signing transactions or being offline frequently. Slashing in...
Slippage
Slippage in financial and trading contexts refers to the difference between the expected price of a trade and the price at which the trade is actually executed. This discrepancy can occur in both traditional financial markets and cryptocurrency exchanges, often during periods of high volatility or when large orders are placed. Recent data from various...
Smart Contract
Smart contracts are self-executing contracts with the terms of the agreement directly written into lines of code. They automatically enforce and execute the terms of a contract when predetermined conditions are met, operating on blockchain technology to ensure transparency and security. Evolution and Historical Context The concept of smart contracts was first proposed by Nick...
Smart Contract ABI (Application Binary Interface)
The Smart Contract ABI (Application Binary Interface) is a critical component in the Ethereum blockchain ecosystem, serving as the interface between smart contracts and external applications. It defines how functions in a smart contract can be called, including the method signature and the data type of arguments, essentially acting as a bridge for translating the...
Smart Contract Audit
A smart contract audit is a comprehensive analysis conducted by specialists to identify security breaches, errors, or vulnerabilities in a smart contract. As blockchain applications proliferate, this kind of audit becomes particularly critical. Origin and Evolution of Smart Contract Audits The inception of smart contracts, facilitated by Ethereum's programmability, gave birth to the necessity for...
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!
