Crypto - DeFi - Web 3.0 Speak
Crypto, DeFi, and Web 3.0 Resource For Words, Phrases, Lingo and Monikers relevant to this ever changing space.
What is a Zero Knowledge Roll Up?
A Zero Knowledge Roll Up is a way to prove that something is true without revealing all the details of how it’s true. It’s like showing someone the answer to a math problem without showing them all the steps you took to get there. In the context of cryptocurrency, Zero Knowledge Roll Ups allow people to verify transactions without revealing all the details of the transactions, which helps to keep financial information private.
Reference: “ZK-Rollups: scaling ethereum with transparency” by Vitalik Buterin.
Zero knowledge roll up
What is consensus?
Definition: Consensus is a critical component of the web 3 and crypto ecosystem, enabling decentralized networks to function securely and transparently. In essence, consensus refers to the process of achieving agreement among a network of computers on the current state of a distributed ledger or blockchain. This agreement is necessary to ensure that all transactions on the network are valid and that the ledger is secure and tamper-proof. Consensus is achieved through various mechanisms, such as proof-of-work, proof-of-stake, and delegated proof-of-stake, which incentivize network participants to follow the agreed-upon rules and validate transactions in exchange for rewards. Without consensus, the web 3 and crypto ecosystem would not be able to function as a decentralized and trustless network.
Example: TBD
What is Provenance?
Definition: A history regarding the origin of an entity.
Example: Food ingredients and their origin from farm to manufacture to store to table
Context – https://en.wikipedia.org/wiki/Provenance#Computers_and_law + chain of custody…etc.
Provenance across data
What is proto-danksharding?
Defintion:
Example: TBD
What is Slippage?
Definition: TBD
Example: TBD
TBD
Summary
This page represents a linear representation of ideas, word, phrases, and other concepts used across crypto, DeFi, and Web 3.0 as I learn and understand them. I will link to other sources and build or correct definitions, examples, and contextual meanings over time as these entities take shape or bend with time.
Resources
References
1: AiiDA – Data provenance: Image source “Example of data provenance tracked automatically”
2: TBD