Crypto Terms Alphabet: S

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

Stablecoin

A Stablecoin Basket refers to a collection of different stablecoins, typically pegged to various assets like fiat currencies, aiming to maintain price stability while providing diversification and reduced risk.

Slashing

Slashing is a punitive mechanism embedded in Proof-of-Stake (PoS) and delegated Proof-of-Stake (dPoS) blockchain protocols that automatically confiscates a portion

Synthetic Asset

Understand essential crypto terminology related to Synthetic Asset Platforms, focusing on key concepts, functions, and mechanisms in the digital asset space.

Sybil Resistance

Understanding crypto terminology for Syndicate involves grasping key concepts related to group investment strategies, token offerings, and shared risk in digital assets.