ZIGChain Glossary
This comprehensive guide will help you navigate the world of ZIGChain and understand key terms and concepts. For full tokenomics definitions and the economic framework, see the canonical Tokenomics 2.0 Whitepaper.
Jump to a Letter:
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
A
No terms available yet.
B
Blockchain: A decentralized ledger technology that records transactions in cryptographically linked blocks. Each block contains a hash of the previous block, a timestamp, and transaction data, forming an immutable chain maintained across a peer-to-peer network.
Block: A collection of transaction data in a blockchain.
C
Community Pool (Ecosystem Pool / Community Pool Wallet): Validator-governed onchain pool holding $ZIG — including amounts from the distribution community_tax and from Market Acquisition — pending governance decisions on allocation or Retirement from Active Ecosystem Circulation. See Tokenomics 2.0 Whitepaper.
Cosmos SDK: The open-source framework used to build ZIGChain, known for its modularity and interoperability.
Crypto Wallet: A digital wallet used to store, send, and receive cryptocurrencies.
D
DeFi (Decentralized Finance): Financial services and products built on a blockchain that operate without traditional intermediaries.
E
Epoch: A fixed time period during which validators process transactions and earn rewards for maintaining network operations.
F
No terms available yet.
G
Gas Fees: Transaction fees paid to process operations on the ZIGChain blockchain.
Governance: The system by which decisions are made and implemented in the ZIGChain ecosystem.
H
No terms available yet.
I
Interoperability: The ability of different blockchain networks to communicate and interact with each other.
J
No terms available yet.
K
No terms available yet.
L
Layer 1: The base level of blockchain architecture, responsible for all fundamental network operations.
Liquidity: The ease and speed at which an asset can be bought or sold in the market without affecting its price.
M
Mainnet: The fully operational blockchain network where genuine cryptocurrency transactions, smart contracts, and decentralized applications are executed, distinct from test environments.
Market Acquisition: Periodic open-market purchase of $ZIG funded by a portion of ZIG Markets revenue. See Tokenomics 2.0 Whitepaper.
Minting: The process of creating and issuing new cryptocurrency tokens, NFTs, or other digital assets on a blockchain.
N
Native Token: A blockchain's inherent cryptocurrency that plays an integral role in network operations and governance. $ZIG is the native token of ZIGChain.
O
Oracle: A middleware service that securely connects a blockchain with external data sources.
P
Proof of Stake (PoS): A consensus mechanism that selects validators to create new blocks based on the amount of cryptocurrency they “stake,” rewarding those who contribute to network security.
Q
No terms available yet.
R
Remote Procedure Call (RPC): A communication protocol that allows applications to interact with the blockchain network remotely.
Retirement from Active Ecosystem Circulation: Permanent onchain retirement of $ZIG, reducing circulating supply. See Tokenomics 2.0 Whitepaper.
S
Smart Contract: A blockchain program that automatically executes, verifies, and enforces digital agreements when predefined conditions are met.
Staking: The process of locking up cryptocurrency holdings to support network operations and earn rewards.
T
Testnet: A blockchain testing environment where developers can experiment with new features and applications before deploying them to mainnet, using test tokens instead of real assets.
Token: A unit of value issued by a blockchain project, often used to interact with decentralized applications.
Transaction: An action recorded on the blockchain, such as transferring tokens or interacting with a smart contract.
Total Value Locked (TVL): The aggregate value of all assets deposited and secured within a blockchain.
U
Unbonding Period: The amount of time that a delegator must wait before they can access and move their tokens after unstaking.
V
Validator: A node in a proof-of-stake system responsible for verifying transactions and maintaining network security.
W
Wealth Manager: An individual or entity that deploys and manages investment strategies on ZIGChain.
Wealth Management Engine (WME): ZIGChain's unique liquidity layer that simplifies complex DeFi operations for users.
Web3: The concept of a decentralized internet built on blockchain technology, emphasizing user control and data ownership.
X
No terms available yet.
Y
No terms available yet.
Z
$ZIG: The native utility and governance token of ZIGChain and the economic core of the ecosystem. See The ZIG Token and Tokenomics 2.0 Whitepaper.
ZIG Markets: The commercial infrastructure and distribution layer whose activities may contribute to ecosystem development and $ZIG Market Acquisition. See Tokenomics 2.0 Whitepaper.
ZIGChain: A Layer 1 blockchain, designed to democratize access to wealth-generation opportunities.