Glossary of Terms

Quaiscan Glossary

• Address: A unique identifier for a wallet or smart contract on the blockchain.

• Block: A group of transactions that have been verified and added to the blockchain.

• Block Height: The number of blocks in the chain between any given block and the first block in the same given shard.

• Contract: Also known as a smart contract, it's a self-executing program stored on the blockchain.

• Gas: The unit of measure for the computational work required to execute transactions or smart contracts on Quai Network.

• Gas Price: The amount of Quai or Qi tokens you're willing to pay per unit of gas for a transaction.

• Hash: A unique fixed-length string of characters that represents data. In blockchain, it's used to identify blocks, transactions, addresses, and more.

• Miner: Entities that verify and add new transactions to the blockchain.

• Nonce: A number used once, typically to verify the uniqueness of transactions.

• Pending Transaction: A transaction that has been broadcast to the network but not yet included in a block.

• Token: A type of cryptocurrency that represents a tradable asset or utility and is often built on top of an existing blockchain.

• Transaction: The transfer of cryptocurrency or data between addresses on the blockchain.

• Transaction Fee: The cost to process a transaction on the blockchain, typically paid to miners.

• Wallet: A tool that allows users to store, send, and receive cryptocurrency.