Glossary
Blockchain
A decentralized, digital ledger that records transactions and data across a network of computers.
Coin
A unit of digital currency, such as QuokkaCoin.
Cryptocurrency
A digital or virtual currency that uses cryptography for security and is decentralized, meaning it's not controlled by any government or financial institution.
Decentralized
A system or network that operates without a central authority or intermediary.
Digital Wallet
A software program that stores, sends, and receives digital currencies, such as QuokkaCoin.
Mining
The process of validating transactions and creating new blocks on the blockchain, typically in exchange for a reward in the form of cryptocurrency.
Node
A computer that connects to the blockchain network and verifies transactions.
Private Key
A unique code used to access and manage a digital wallet.
Proof-of-Stake (PoS)
A consensus algorithm that requires users to "stake" a certain amount of cryptocurrency to participate in the validation of transactions.
Public Key
A unique code used to receive cryptocurrency payments.
Smart Contract
A self-executing contract with the terms of the agreement written directly into lines of code.
Token
A digital asset issued on a blockchain, often used for fundraising or as a utility token.
Transaction
The transfer of cryptocurrency from one wallet to another.
Wallet
A software program that stores, sends, and receives digital currencies, such as QuokkaCoin.
QuokkaCoin Specific Terms
QuokkaCoin (QKC)
The digital currency created on the TON (Telegram Open Network) platform.
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