Don’t Get Lost in Translation!

As we build our community, exchanging information and ideas, it is important that we are all on the same page so to speak.  On this page you will find a glossary of terms that you may find in posts, or on Fred’s POPCASTs.  This is a fluid listing, so if you don’t find what you are looking for, shoot us a message and let us know. 

bounty / bug bounty - A bounty, or bug bounty, is a reward offered for discovering vulnerabilities or issues in computer code. Individuals who find and report such bugs are typically compensated for their contributions.
bridge - A bridge is a tool or infrastructure designed to transfer assets from one blockchain network to another. The term "bridge" can also be used as a verb, describing the action of moving assets between networks. Not all bridges are equal, so it is important to have a good understanding of how they work before using them. Additional information about bridges can be found on the ConsenSys blog, the MetaMask Knowledge Base, or through Vitalik Buterin's discussion on the topic.
BUIDL - Coined by Kevin Owocki from Gitcoin, BUIDL reflects the Ethereum-focused mindset of investing in the ecosystem and platform for public goods and software, rather than solely viewing cryptocurrency as a store of value. BUIDL complements the concept of HODL, which gained popularity in the cryptocurrency community.
bytecode - Bytecode refers to a low-level computer language that is processed by computers rather than humans. In Ethereum, higher-level languages like Solidity are compiled into Ethereum bytecode, which is executed by the Ethereum Virtual Machine (EVM).
Byzantine fault tolerance - Byzantine fault tolerance addresses the challenges of failures or inconsistencies in computer systems, particularly when the information used to determine the system's current state may be unreliable. This concept is of particular interest in public blockchain systems. It aims to ensure agreement on the network's current state despite potential attempts to subvert it for personal gain. Network coordination, especially across various hardware and software configurations, introduces challenges that can hinder consensus. A Byzantine Fault Tolerant network is designed and implemented to resist such failures, whether due to malicious intent or technical issues.
Byzantium fork - The Byzantium fork refers to a significant "hard fork" that took place in the Ethereum network in October 2017. For detailed information about this event, please refer to the provided source. See also "hard fork".
Centralized Exchange - An exchange that is operated by a single company or entity.
Cold Storage - A method of storing cryptocurrencies offline to protect them from hacking or unauthorized access.
Confirmation - The process of validating a transaction on the blockchain by miners or network participants.
Consensus - The mechanism by which participants in a blockchain network agree on the validity of transactions and the state of the ledger.
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