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About BIBIBI Daily Digest Privacy & Account Security

For information and learning only. Not investment advice. Crypto assets involve risk.

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Glossary

Terms13 shown

BEP-675A proposal that adjusts block construction to accommodate more transactions without shortening block time or increasing gas costs.
BEP-682A proposal that rejects duplicate validator counts in cross-chain signature verification, ensuring that the signature threshold is met by enough genuine validators.
BEP-695A proposal that tightens permissions and restrictions for consensus key rotation, penalty inheritance, and signed governance voting.
BEP-95A BNB improvement proposal that introduced real-time burning of block gas fees on BNB Chain.
EIPAn Ethereum Improvement Proposal, a standardized proposal through which the community describes, discusses, and advances Ethereum upgrades or new features.
EIP-1559An improvement proposal that changed Ethereum's transaction fee mechanism and introduced the burning of part of the fees.
EIP-20The Ethereum Improvement Proposal into which ERC-20 was later formally developed; the number 20 is the proposal's identifier.
EIP-7702A proposal to improve the functionality of Ethereum externally owned accounts (EOAs) and add new capabilities to wallets.
ERCAn Ethereum Request for Comments proposal, mainly used to establish common application-layer standards such as token standards.
Ethereum Request for CommentThe full name of ERC, referring to the specification used for Ethereum technical proposals and discussions.
Governance TokenA token used by DAO members to vote on protocol changes, system rules, or other proposals.
QuorumThe minimum voting participation requirement that must be met before a DAO proposal can be considered validly voted on or passed.
Burn RatioA percentage variable used to calculate how much gas fee to burn, initially set at 10% in the proposal and adjustable through governance voting.

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Definition

Quorum

The minimum voting participation requirement that must be met before a DAO proposal can be considered validly voted on or passed.

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