Glossary

Proof-of-Developer (PoD)

Any verification that provides evidence of a real, living software developer who created a cryptocurrency, in order to prevent an anonymous developer from making away with any raised funds without delivering a working model.

Proof-of-Stake (PoS)

A blockchain consensus mechanism involving choosing the creator of the next block via various combinations of random selection and wealth or age of staked coins or tokens. *see Proof-of-Work (PoW).

Proof-of-Work (PoW)

A blockchain consensus mechanism involving solving of computationally intensive puzzles to validate transactions and create new blocks. *see Proof-of-Stake (PoS).

Protocol

The set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain.

Pseudonymous

Writing under a false name, such as “Satoshi Nakamoto”.

Public Address

A public address is the cryptographic hash of a public key, allowing the user to use it as an address to request for payment.

Public Blockchain

A blockchain that can be accessed by anyone.

Pump and Dump (P&D) Scheme

A form of securities fraud involving the artificial inflation of the price of a cryptocurrency with false and misleading positive statements in order to sell previously-cheaply purchased stock at a higher price.

QR Code

A machine-readable label that shows information encoded into a graphical black-and-white pattern. For cryptocurrencies, it is often used to easily share wallet addresses with others.

Raiden Network

An off-chain scaling solution aiming to enable near-instant, low-fee and scalable payments on the Ethereum blockchain. It is similar to Bitcoin's proposed Lightning Network.