Blockchain & Wallet Glossary
Understand common blockchain and wallet terms in the context of real actions.
- Address
- An identifier used for an on-chain account or contract; always verify it together with the network.
- Seed phrase
- A sequence used to derive or recover wallet accounts. It should be kept offline by the user.
- Private key
- Sensitive signing material that controls an account and should never be disclosed.
- Gas
- A measure of execution resources that contributes to transaction fees.
- Transaction hash
- A public identifier used to locate an on-chain transaction.
- Block height
- The ordered position of a block within a blockchain.
- Confirmations
- Later blocks built after the block containing a transaction, used to understand how deeply it is anchored.
- Chain ID
- An identifier used to distinguish EVM and other networks.
- EVM
- Ethereum Virtual Machine, an execution environment for smart contracts.
- Token
- An on-chain asset representation defined by contract or protocol rules.
- Approval
- Permission allowing a specified contract to use a token within a defined scope.
- DApp
- An application that interacts with blockchain accounts or smart contracts.
- NFT
- A token form with a unique or distinguishable identifier.
- Bridge
- A mechanism for moving assets or messages between networks or layers.
- Validator
- A participant that performs consensus duties in a Proof-of-Stake network.
- PoS
- Proof of Stake, a consensus mechanism involving economic stake and validator duties.
