Nomenclature

Nomenclature

The system or procedure of assigning names to groups of organisms as part of a taxonomic classification.
Official Ticker symbol of PulseChain blockchain on all exchanges.

Official Ticker symbol of PulseChain on Ethereum blockchain decentralized exchanges.

The ticker symbol of HEX that is bridged from PulseChain to Ethereum

The ticker symbol of HEX that is bridged from Ethereum to PulseChain

A snapshot is copy of the blockchain made at a specific block height or time. With a cryptocurrency fork, you must be in that cryptocurrency, generally in a wallet where you control your private keys, before the snapshot block

Hard forks are software updates that are backward-incompatible, which means that when they happen, nodes can add new rules in a way that conflicts with the rules of the old nodes. 

New nodes can only communicate with others that operate exclusively on the new version, and as such, the blockchain splits and creates two separate networks, one network that follows the old rules, while the other follows the new rules.

As such, after this fork has occurred, there will essentially be two networks that run in parallel, and they will both continue to propagate blocks as well as transactions; however, they will no longer work on the same blockchain. 

All of the nodes worked on an identical blockchain, up until the point of the forks, however, after it had occurred, they would have different blocks and transactions.

In other words, a hard fork is a radical change that results in two branches, the first branch follows the previous rules, and the second, the new branch follows the new rules. 

Holders of the tokens of the original blockchains are granted tokens in the new fork as well, however, they have to make the choice of which blockchain they would like to continue verifying. This hard fork can occur throughout any blockchain, not just Bitcoin.

In the crypto world, a bridge is a protocol that allows cryptocurrencies that were built on two separate chains to interact with one another. Currently, respective blockchains operate in silos, so users can only exchange bitcoin for bitcoin on its own blockchain. A bridge, on the other hand, permits users to send Bitcoin to the Ethereum blockchain, and more.

Remote Procedure Call are based on the client-server model, where multiple client computers may connect to a server and retrieve data from it.

  • Network Name: PulseChain Testnet
  • New RPC URL: https://rpc.testnet.pulsechain.com
  • Chain ID: 940
  • Currency Symbol: TPLS
  • Block Explorer URL: https://scan.pulsechain.com

Official GitLab: https://gitlab.com/pulsechaincom/pulsechain-testnet

Blockscout is a tool for inspecting and analyzing EVM based blockchains. Blockchain explorer for Ethereum Networks. PulseChain block explorer, a fork of Blockscout

A faucet is an app or a website that distributes small amounts of cryptocurrencies as a reward for completing easy tasks.
Airdrop will occur if a team behind the blockchain/token project decides to give away “free” tokens to the cryptocurrency community.
Refers to the number of blocks connected in the blockchain. For example, Height 0 would be the very first block, which is also called the genesis block.
Stands for Ethereum Virtual Machine.

The genesis block contains all the essential information to configure the network as well as find related peers. It’s basically the config file for your Ethereum network. In fact to boot up your network, you actually need to pass in the location of the file as a param. The genesis file is a simple JSON file that contains config thresholds.

A liquidity pool is the shared pool of tokens locked in a DEX smart contract in order to create liquidity for market participants. Basically, it’s a decentralized market and the critical working model of decentralized exchanges.

NFT stands for a non-fungible token, which means it can neither be replaced nor interchanged because it has unique properties. Features – Digital Asset – NFT is a digital asset that represents internet collectibles like art, music, and games with an authentic certificate created by blockchain technology that underlies Cryptocurrency.

The Ethereum Virtual Machine (EVM) is a powerful, sandboxed virtual stack embedded within each full Ethereum node, responsible for executing contract bytecode. Contracts are typically written in higher level languages, like Solidity, then compiled to EVM bytecode.
The ERC-721 introduces a standard for NFT, in other words, this type of Token is unique and can have different value than another Token from the same Smart Contract, maybe due to its age, rarity or even something else like its visual. Wait, visual? Yes! All NFTs have a uint256 variable called tokenId, so for any ERC-721 Contract, the pair contract address, uint256 tokenId must be globally unique. That said, a dApp can have a “converter” that uses the tokenId as input and outputs an image of something cool, like zombies, weapons, skills or amazing kitties!
A standard interface for contracts that manage multiple token types. A single deployed contract may include any combination of fungible tokens, non-fungible tokens or other configurations (e.g. semi-fungible tokens). What is meant by Multi-Token Standard? The idea is simple and seeks to create a smart contract interface that can represent and control any number of fungible and non-fungible token types. In this way, the ERC-1155 token can do the same functions as an ERC-20 and ERC-721 token, and even both at the same time. And best of all, improving the functionality of both standards, making it more efficient, and correcting obvious implementation errors on the ERC-20 and ERC-721 standards

Ask us a Question

Ask Question
Donate Us