Glossary

• Blockchain Network: A decentralized system of interconnected nodes that collectively maintain a digital ledger of transactions, ensuring transparency and security.

• Smart Contracts: Self-executing contracts embedded with the terms of the agreement directly into code, enabling automated and trustless transactions on the blockchain.

• Node: A device or computer participating in a blockchain network, responsible for validating and relaying transactions to maintain the network's integrity.

• Consensus Algorithm: A protocol that enables network participants to agree on the state of the blockchain, ensuring consistency and security without a central authority.

• Mining: The process of validating and adding new transactions to the blockchain by solving complex cryptographic puzzles, often rewarded with cryptocurrency.

• Proof of Stake (PoS): A consensus mechanism where validators are chosen to create new blocks based on the number of tokens they hold and are willing to "stake" as collateral.