Glossary: Difference between revisions
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<h2>Blockchain</h2> | <h2>Blockchain</h2> | ||
A blockchain is a highly secure and decentralized network that allows people to store data, exchange value, and record transaction activity in a shared ledger that is not controlled by any central authority.<ref>https://chain.link/education/web3</ref> | |||
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<h2>Centalized</h2> | <h2>Centalized</h2> | ||
Revision as of 03:32, 4 April 2022
Aggregation
API
Blockchain
A blockchain is a highly secure and decentralized network that allows people to store data, exchange value, and record transaction activity in a shared ledger that is not controlled by any central authority.[1]
Centalized
Cryptocurrency
DAO
DECO
Decentalized
DeFi - Decentalized finance
Deviation threshold
A new data aggregation round starts when a Chainlink node identifies that an off-chain data value deviates by more than the defined deviation threshold from its on-chain value.
DONs
Each DON is customizable, empowering users to pick specific node operators and data sources, the level of decentralization, the type of computation performed, the update frequency, the blockchain it’s deployed on, and various other optimizations that align with the user’s own budget, performance requirements, privacy needs, and trust assumptions.
https://blog.chain.link/chainlink-enterprise-blockchain-middleware/
Dynamic NFTs (dNFTs)
Perpetual smart contracts that use oracles to communicate with and react to external data and systems.
https://blog.chain.link/create-dynamic-nfts-using-chainlink-oracles/
ERC20
ERC677
External adapter
EVM
Fungible assets
Heartbeat threshold
A new data aggregation round starts after a specified amount of time from the last update. If the deviation threshold is not reached within the time of the heartbeat, the feed will be updated.
Heterogeneous network
https://blog.chain.link/how-chainlink-supports-any-off-chain-data-resource-and-computation/
Hybrid smart contracts
Hybrid Smart Contracts describe smart contracts which perform computations both on-chain and off-chain, resulting in the creation of decentralized applications that are more advanced than on-chain logic in isolation.[2] https://blog.chain.link/hybrid-smart-contracts-explained/
Layer 0
‘A communication protocol, enabling smart contract execution across multiple chains, with one transaction from any one source chain enabling cross-chain functionality for dApps and (native) token bridging’. Looking for citation.
Layer 1
Layer 2
Mainnet
Middleware
Off-Chain
Off-chain refers to transactions that happen outside of a blockchain. Off-chain transactions are characterized by zero to low costs and are gaining significant popularity among blockchain developers.
On-Chain
On-chain refers to transactions that occur on or within any given blockchain.
Open source
Oracle
For more information on Oracles
Oracle contract
The on-chain component of an Oracle. The Oracle Contract is the interface through which Consuming Contracts pass and receive data with off-chain resources.
Oracle node
The off-chain component of an Oracle.
NFT
Node
Non-fungible assets
Parametric
Parametric insurance
Proof of stake (POS)
Proof of work (POW)
Service level agreements (SLAs)
Smart contracts
Smart contracts are programs deployed on blockchains that store and transfer data/assets only once specific conditions are met (i.e. if x event happens, then execute y action).
https://blog.chain.link/chainlink-enterprise-blockchain-middleware/
Mainnet
Testnet
Town Crier
TVL (Total value locked)
TVS (Total value secured)
Wrapped tokens
Zero knowledge proofs