Consensus Algorithm
A specific protocol or set of rules that determines how participants in a blockchain network agree on the order and validity of transactions. Different consensus algorithms, such as Proof of Work (PoW) and Proof of Stake (PoS), have varying security and efficiency characteristics.
Consensus Protocol
A consensus protocol is a system used to achieve agreement on a single data value among distributed processes or systems. These protocols are essential in technology environments where multiple parties need to agree on the state of a shared ledger, such as in blockchain technologies. Understanding Consensus Protocols Consensus protocols are foundational to the operation...
Constructor
In programming, a constructor is a special type of subroutine called to create an object. It prepares the new object for use, often accepting arguments that the constructor uses to set required member variables. Constructors play a critical role in software development, particularly in object-oriented programming (OOP), where they ensure that objects can start in...
Contango
Contango is a term used in the futures markets to describe a situation where the futures price of a commodity is higher than the spot price. This condition typically indicates that investors expect the price of the commodity to rise over time, factoring in costs such as storage, insurance, and carry costs associated with holding...
Contingent Claim
A contingent claim is a financial instrument whose future payoff depends on the value of another asset or set of assets at a specific point in time. These claims include options, futures, and certain types of derivatives, where the payoff is contingent on the occurrence of a specific event or the performance of a market...
Contract ABI Encoding
Contract ABI (Application Binary Interface) Encoding refers to the method by which data is converted into a format that smart contracts on blockchain platforms, such as Ethereum, can interpret and execute. This encoding process is crucial for ensuring that function calls to a contract are correctly formatted and understood by the contract itself. Understanding Contract...
Contract Bytecode
Contract bytecode refers to the compiled version of smart contract code that is executed on a blockchain platform, such as Ethereum. This bytecode is what is actually stored on the blockchain after a smart contract is deployed and is essential for the contract's execution and interaction within the blockchain ecosystem. Understanding Contract Bytecode Smart contracts...
Contract Month Code
The "Contract Month Code" refers to a standardized single-letter or two-letter designation used in the futures trading industry to specify the expiration month of a futures contract. Each letter corresponds to a particular month; for example, "H" typically represents March, and "Z" represents December. This coding system is integral for traders and exchanges in identifying...
Contract Months
Contract months refer to the specific months within which futures contracts or options contracts can be settled by delivery of the underlying asset. These months are predefined by the exchange on which the contracts are traded and are typically spaced throughout the calendar year to provide multiple opportunities for traders to engage in these financial...
Contract Ownership
Contract ownership refers to the legal possession and control over the terms and conditions of a contract, typically within the context of business agreements, technology licenses, or investment deals. This ownership determines who has the authority to amend, transfer, or terminate the contract, and it plays a critical role in managing the rights and obligations...
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!
