Glossary
This glossary provides definitions and explanations for common terms and concepts used in Felina Protocol and the broader decentralized finance (DeFi) ecosystem.
A
Address
A unique identifier assigned to each wallet, used to send and receive cryptocurrency.
Approval
An on-chain transaction that grants a smart contract the permission to access a specified amount of tokens.
B
Blockchain
A decentralized digital ledger that records transactions across a network of computers.
C
Confirmation
The process by which a transaction is verified and added to a blockchain.
D
Decentralized Application (dApp)
An application that runs on a decentralized network, such as a blockchain, rather than a centralized server.
DeFi (Decentralized Finance)
A financial system built on blockchain technology that aims to provide traditional financial services without intermediaries.
E
Ethereum
A decentralized blockchain platform that enables smart contracts and decentralized applications (dApps).
F
Fee
The amount paid to process a transaction on the blockchain, often referred to as gas in Ethereum.
G
Gas
A unit of measurement for the computational work required to process transactions and execute smart contracts on the Ethereum network.
Gas Price
The amount of Ether (ETH) a user is willing to pay per unit of gas to have their transaction processed by the network.
N
Nonce
A unique number used once in a cryptographic communication, often used to prevent replay attacks in transactions.
P
Permit
An off-chain signed message that grants a smart contract permission to access tokens. Unlike approvals, permits do not require an immediate on-chain transaction.
Private Key
A secret key that allows access to and control over cryptocurrency in a wallet. It should be kept secure and never shared.
R
Revocation
The process of withdrawing previously granted permissions, preventing a smart contract from accessing or managing tokens.
S
Smart Contract
A self-executing contract with the terms of the agreement directly written into code, running on a blockchain.
T
Token
A digital asset issued on a blockchain, representing ownership or access rights.
Transaction
An action that transfers cryptocurrency from one address to another or interacts with a smart contract.
U
User Interface (UI)
The interface through which a user interacts with an application, in this case, Felina Protocol.
W
Wallet
A digital tool used to store, send, and receive cryptocurrency. Wallets can be software-based (hot wallets) or hardware-based (cold wallets).
WalletConnect
A protocol that allows mobile wallets to connect to decentralized applications (dApps) by scanning a QR code.
By familiarizing yourself with these terms, you can better understand the functionalities and processes within Felina Protocol and the DeFi ecosystem.