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Glossary

Terms5 terms

Cryptocurrency WalletA cryptocurrency wallet is a tool that enables users to access and directly control their assets and identities on public cryptographic networks.
Proof of WorkA consensus mechanism in which miners perform computations to solve cryptographic puzzles, validate transactions, and create new blocks.
WalletIn the Web3 applications described in the materials, a tool used to connect to services, identify users, and manage crypto assets.
Zero-Knowledge ProofA cryptographic method that enables the validity of a transaction to be verified without revealing the specific transaction information.
Non-Fungible Token (NFT)A cryptographic token used to represent a unique digital or real-world asset and that cannot be exchanged on a like-for-like basis with another token.

Definition

Proof of Work

A consensus mechanism in which miners perform computations to solve cryptographic puzzles, validate transactions, and create new blocks.

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