> For the complete documentation index, see [llms.txt](https://docs.kaichi.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kaichi.xyz/faq-and-resources/glossary.md).

# Glossary

#### A

* **Address**: A unique identifier, often a string of letters and numbers, that represents a destination for digital assets or messages on a blockchain network.

#### B

* **Blockchain**: A distributed ledger technology that maintains a secure and immutable record of transactions across a network of computers.
* **Block**: A collection of transactions recorded on a blockchain.
* **Block Explorer**: A tool or website that allows individuals to search and analyze the blocks of a blockchain, transactions, addresses, and other key data.

#### C

* **Consensus Mechanism**: The process used to achieve agreement on a single data value among distributed processes or systems. Common mechanisms include Proof of Work (PoW) and Proof of Stake (PoS).

#### D

* **DApp (Decentralized Application)**: An application that runs on a decentralized network, avoiding a single point of failure.
* **Decentralization**: The distribution of power away from a central authority in a network, often leading to increased security and resistance to censorship.
* **Distributed Ledger**: A ledger of transactions that is spread across multiple sites, countries, or institutions.

#### I

* **IPFS (InterPlanetary File System)**: A protocol and peer-to-peer network for storing and sharing data in a distributed file system.
* **Immutable**: A property of blockchain where once data has been recorded, it cannot be altered or deleted.

#### N

* **Node**: A computer connected to the blockchain network, which supports the network through validation and relaying of transactions.

#### P

* **Peer-to-Peer (P2P)**: A decentralized network architecture where tasks or workloads are divided among peers, all participants of the network.
* **Private Key**: A secure digital code known only to the owner that allows them to access their cryptocurrency or blockchain data.
* **Public Key**: A publicly known piece of data derived from a private key that can be used to identify a digital wallet on the blockchain.

#### S

* **Smart Contract**: Self-executing contracts with the terms of the agreement directly written into code, which automatically execute when predetermined conditions are met.
* **Solana**: A high-performance blockchain supporting fast, secure, scalable decentralized apps and marketplaces.
* **Staking**: Participating in the consensus mechanism of a blockchain by holding and locking a certain amount of cryptocurrency to receive rewards.

#### T

* **Token**: A unit of value issued by a project, representing an asset or utility that resides on top of an existing blockchain.
* **Transaction**: A record of an exchange on the blockchain, which can involve cryptocurrency, data, or smart contracts.

#### W

* **Wallet**: A digital tool that allows users to store, send, and receive digital assets like cryptocurrencies.