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

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Glossary

Terms19 shown

BEP-95An BNB improvement proposal for Chain to introduce a real-time burn mechanism for block fuel fees BNB.
BNBBNB is BNB Chain's native cryptocurrency and utility token, used for fees, staking, and interaction with on-chain applications.
Platform tokensAssets used to support blockchain network operations, pay transaction fees, and execute smart contracts.
PoSAProof of Staked Authority is BSC’s consensus mechanism; validators participate in block validation by staking BNB and earn transaction fees.
SnapshotThe process of recording the state of a blockchain ledger at a specific point in time; its contents may include addresses and their transactions, fees, balances, and metadata.
Wallet honeypotsWallet honeypots refer to scammers publicly displaying wallet credentials that appear to hold assets, enticing others to add fees or attempt transfers, while using control mechanisms to trap or siphon off funds.
break-even point (BEP)The original acquisition cost of the asset paid by the trader or investor, including transaction fees.
Coinbase transactionThe first special transaction in a Bitcoin block, used to claim the block subsidy and transaction fees permitted by the rules; it does not use ordinary unspent outputs as inputs.
layer-2A scaling solution built on top of the underlying blockchain, designed to reduce mainnet congestion, lower fees, and accelerate interactions.
veAERONon-transferable governance tokens obtained after users lock AERO and used to vote on the allocation of issuance rewards and share fees from related liquidity pools.
Block RewardThe cryptocurrency reward miners receive for successfully validating a new block, broadly consisting of the block subsidy and transaction fees.
MiningThe process in which participants in a proof-of-work network organize transactions and search for a block hash that meets the target, earning subsidies and transaction fees from valid blocks.
Proof of Staked Authority (PoSA)Proof of Staked Authority (PoSA) is a consensus mechanism that combines the characteristics of Proof of Stake and Proof of Authority, emphasizing relatively fast finality and lower fees.
Liquidity provider(LP) tokenTokens received by users after contributing funds to a liquidity pool, representing their share of the pool and corresponding entitlement to fees.
Gas feesExecute EVM The transaction fee required for the transaction, the amount of which may vary depending on contract complexity and network activity.
System Rewards ContractReceives one-sixteenth of block fuel fees, with a balance cap of 100 BNB, and uses the funds to subsidize cross-chain transaction packaging.
Pyramid schemeA scam in which participants primarily profit by recruiting newcomers, with fees flowing upward through multiple levels and the scheme ultimately becoming unsustainable.
Burn rateA proportional variable used to calculate the amount of fuel fees to be burned; the initial value stated in the proposal is 10%, and it can be adjusted through a governance vote.
Validator set approximatelyReceive the remaining gas fees and be responsible for distributing them daily to delegators and validators BNB, and include logic for processing gas fees according to the burn rate.

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Definition

Mining

The process in which participants in a proof-of-work network organize transactions and search for a block hash that meets the target, earning subsidies and transaction fees from valid blocks.

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