OpenSea [2021] is a peer-to-peer platform for NFTs that operates in a decentralized manner.
Monthly Archives: November 2023
Testnet is an alternative blockchain that is utilized by developers specifically for testing purposes. It serves as a platform where developers can experiment and evaluate their blockchain applications without affecting the main blockchain network. Testnet allows developers to identify and fix any potential issues or bugs before deploying their applications on the live blockchain. It provides a safe and controlled environment for testing new features, functionalities, and smart contracts. By using Testnet, developers can ensure the stability and reliability of their blockchain applications before they are released to the public.
On-Chain Governance is a decentralized framework that is utilized to organize and incorporate updates and enhancements to blockchain networks.
An orphaned block refers to a block that lacks a parent block or has an unknown parent block.
Originally a mistake in writing the complete phrase “This is it, gentlemen.” It is currently employed as a way to introduce positive news.
Oracle manipulation refers to the act of hackers manipulating an oracle smart contract.
Oracles are agents that play a crucial role in bridging the real world and the blockchain. They are responsible for finding and verifying information, which is then provided to smart contracts. This information is used by smart contracts to execute their functions under specific conditions. Oracles act as intermediaries, ensuring that the data used by smart contracts is accurate and reliable. They enable the integration of real-world data into blockchain applications, making them more versatile and practical. By providing a link between the physical and digital realms, oracles enhance the functionality and effectiveness of smart contracts.
An orphan refers to a valid block on the blockchain that is not included in the main chain.
An order book is a compilation of various essential details pertaining to an asset.
Over-the-Counter (OTC) refers to a type of transaction that occurs outside of a formal exchange, typically involving private trades between individuals.