Crypto Terms Alphabet: S

Slippage

Slippage Pool refers to the reserve of liquidity set aside to manage price fluctuations when executing trades in decentralized finance (DeFi) platforms.

Sidechain

A sidechain is an independent blockchain that runs parallel to a main blockchain (the “parent chain” or Layer 1) and

Sandwich Attack

A sandwich attack is a form of Maximal Extractable Value (MEV) exploitation in decentralized finance where an attacker strategically places

Smart Contract

A smart contract is a self-executing computer program stored on a blockchain that automatically enforces, executes, and verifies the terms

Seed Phrase

Seed protection in crypto terminology refers to safeguarding your recovery phrase, which is essential for accessing and restoring your cryptocurrency wallet.

State Channels

State channels are a Layer 2 scaling technique that enables two or more participants to conduct an unlimited number of

Soft Fork

A soft fork is a backward-compatible upgrade to a blockchain protocol’s consensus rules in which the set of valid blocks

Social Recovery Wallet

Understand the key crypto terminology essential for Social Responsibility Compliance, ensuring ethical practices and accountability in blockchain activities.

Solana

Solana is a high-performance Layer 1 blockchain designed for speed and scalability. It uses a unique timekeeping mechanism called Proof