Web3 Glossary 2022 helps every beginner starting in Web3 space with new terms. - web3 blockchaintechnology
Slashing refers to the penalty mechanism in the blockchain. For example, in the Ethereum blockchain, if the validator gets inactive and performs any malicious activity, then slashing occurs on the validator.It is a technical document used by smart contract developers to set token rules in the Ethereum ecosystem.It is a technical standard for Fungible tokens created on the Ethereum blockchain, which means all fungible tokens hold the same property.
The process of generating value from a list of numbers through a mathematical function is called a Hash Function.A unique identifier is generated when a transaction is made. The Transaction Hash can track the status of the transaction made.A protocol that stores and shares data through a peer-to-peer network via the distributed file system.Trustless means no single authority holds complete control; the consensus mechanism is achieved without trusting any single participant.
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