Simplified Payment Verification (SPV) is a term used to describe a lightweight client that is designed to verify transactions on a blockchain. This client is specifically designed to be efficient and consume minimal resources while still providing the necessary level of security. SPV clients are commonly used in situations where full validation of the blockchain is not required, such as in mobile or web-based applications. By utilizing SPV, these clients can verify transactions without the need to download and store the entire blockchain, making them more lightweight and accessible.
Monthly Archives: December 2023
A fundraising mechanism known as a Strong Holder Offering (SHO) selects eligible investors based on their on-chain activities and other proprietary data sets.
A side chain is a blockchain ledger that operates alongside a main blockchain, establishing a bidirectional connection between the main chain and the sidechain.
Signals serve as a prompt to either purchase or sell an asset.
A Stale Block refers to a block that has been mined successfully but is not included in the current longest blockchain. This typically occurs when another block at the same height is added to the chain before it.
Social Engineering refers to the practice of employing deceitful tactics to manipulate individuals into carrying out specific actions or divulging confidential information.
Soft Cap refers to the minimum amount that an initial coin offering (ICO) aims to raise.
A Side Channel Attack refers to a technique used by hackers to exploit the unintentional information conveyed by a computer’s inherent “tells”.
State Channel is a cutting-edge solution for scaling that operates on a second layer. It effectively minimizes the need for on-chain transactions by shifting them off-chain. Participants can engage in multiple off-chain transactions and subsequently sign them onto the main chain. This innovative approach significantly reduces the overall number of on-chain transactions required.
SIM-Swap is a form of scam that takes advantage of the security measures known as two-factor authentication.