Fee market mechanisms are systems used in blockchains and other digital platforms to determine how much users pay to have their transactions or actions processed. These mechanisms help manage network congestion by encouraging users to pay higher fees when demand is high, ensuring important or urgent transactions are prioritised. They also provide incentives for those…
Transaction batching is a method where multiple individual transactions are grouped together and processed as a single combined transaction. This approach can save time and resources, as fewer operations are needed compared to processing each transaction separately. It is commonly used in systems that handle large numbers of transactions, such as databases or blockchain networks,…
Blockspace markets refer to the buying and selling of space within blocks on a blockchain. Every blockchain block has limited capacity, so users compete to have their transactions included by offering fees to validators or miners. This competition creates a market where transaction fees can rise or fall depending on demand and available blockspace. Blockspace…
Light client protocols are methods that allow devices or applications to interact with blockchains without downloading the entire blockchain history. They use efficient techniques to verify key information, such as transactions or account balances, by checking small pieces of data from full nodes. This approach makes it possible for devices with limited resources, like smartphones,…
Forkless upgrades are a way to update or improve a blockchain network without needing to split it into two separate versions. Traditional upgrades often require a fork, which can cause division and confusion among users if not everyone agrees to the changes. With forkless upgrades, changes can be made smoothly and automatically, allowing all users…
Beacon Chain synchronisation is the process by which a computer or node joins the Ethereum network and obtains the latest state and history of the Beacon Chain. This ensures the new node is up to date and can participate in validating transactions or proposing blocks. Synchronisation involves downloading and verifying block data so the node…
Cross-shard transactions refer to the process of transferring data or value between different shards in a sharded blockchain network. Sharding is a technique that breaks a network into smaller parts, called shards, to improve scalability and speed. Cross-shard transactions ensure that users can send assets or information from one shard to another smoothly and securely,…
Re-staking mechanisms are systems that allow users to use the same staked assets across multiple protocols or networks, increasing the utility of their tokens. Instead of locking tokens for just one purpose, re-staking lets those tokens help secure several services or blockchains at once. This can improve efficiency and provide users with additional rewards or…
Liquid staking is a process that allows users to stake their cryptocurrency tokens in a network and still be able to use or trade a representation of those tokens. Normally, staking locks up funds, making them unavailable for other uses, but liquid staking issues a separate token that represents the staked amount. This means users…
Staking pools are groups where people combine their digital coins to increase their chances of earning rewards in blockchain networks that use proof-of-stake. Rather than staking coins alone, which can require a large amount of money, individuals can join a pool and share the rewards based on how much they contribute. This makes it easier…