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Crypto Glossary

Learn all of the most important blockchain and cryptocurrency terms and jargon here.

Alphabet
Open Source

The term "Open Source" emphasises accessibility, enabling individuals to view and change the software's underlying code according to their needs or preferences.

Parachain

A simpler form of blockchain, which attaches to the security provided by a Relay Chain rather than providing its own. The Relay Chain provides security to attached parachains, but also provides a guarantee of secure message-passing between them  

Relay Chain

The chain that coordinates consensus and communication between parachains (and external chains, via bridges).

Software Development Kit (SDK)

It's a toolbox filled with different tools for making DApplication, Parachains, Smart Contracts etc. 

Treasury

Polkadot's on-chain treasury is like a big bank for the community. It's a significant change in how money is managed and shared.

About Us

Describedot aims to explore the web3 technologies through this channel. The agenda is to make topics clear and easy to understand. Our goal is to help you to learn about decentralised web and why this is called the future of internet. If you find our content worth watching and wanted this to grow, Please help us by sending us some happy thoughts through donation and follow us for crispy and quirky meme and content.

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