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Proof of Authority (PoA) is a consensus mechanism where transactions and blocks are validated by approved or "authorized" validators.
A private key is a cryptographic code used to authorize transactions and access cryptocurrency funds in a blockchain wallet.
Price slippage occurs when the execution price of a trade differs from the expected price due to market volatility or low liquidity.
Polygon, previously known as Matic Network, is a Layer-2 scaling solution designed to improve the efficiency of the Ethereum blockchain by addressing its high transaction costs and slow processing times.
Play-to-Earn (P2E) is a gaming model where players earn cryptocurrency or NFTs as rewards for participating in a game.
Peer-to-Peer (P2P) refers to a decentralized network where two or more individuals can interact directly with each other without relying on an intermediary or central authority.
A parachain is an independent blockchain that runs parallel to a main chain (referred to as the relay chain) in a multi-chain network such as Polkadot or Kusama.
A paper wallet is a physical document containing a public address and private key, typically printed as QR codes, used to store cryptocurrencies offline.
PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC).
Over-the-Counter (OTC) trading refers to the process of buying and selling assets directly between two parties, without the use of a centralized exchange.
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