Glossary-S

S

Satoshi Nakamoto

The pseudonymous individual or entity credited with inventing Bitcoin and writing the original Bitcoin whitepaper published in 2008.

See also: #Bitcoin, #Blockchain

Satoshis

The smallest denomination of Bitcoin, 0.00000001 bitcoin (1/100,000,000).

See also: #Bitcoin, #Satoshi Nakamoto

Secret Recovery Phrase

A group of words in a specific order used to generate a master key for a cryptocurrency wallet. The process of generating this master key is deterministic, meaning it will generate the same key pairs every time. For this reason, it is often referred to as a “recovery phase,” since entering the same secret phrase into a new wallet will grant access to and control of the same keys. Anyone in possession of this string of words will have access to the funds and digital assets held in that wallet.

See also: #Private Key, #Seed Phrase

Seed Phrase

See #Secret Recovery Phrase

Semi-fungible

A blockchain token that may begin its life as a fungible token, equally interchangeable with other tokens within the same batch or collection. Depending on changes in their lifecycle or usage, however, these tokens may take on a unique combination of traits or attributes, attaining different levels of rarity or characteristics and becoming more or less valuable than others.

See also: #Fungible, #Non-fungible, #NFT

Ser

Slang

Intentional misspelling of "sir."

SHA

Acronym - Secure Hash Algorithm

See also: #Bitcoin, #Hashing, #Mining

SHA-256

A cryptographic hash function that takes an input message or data and produces a unique, irreversible hash value with a fixed length of 256 bits.

See also: #SHA

Sharding

The process of dividing data into smaller, more manageable pieces to allow for parallel processing and increased throughput, increasing network capacity.

Shill

Promoting a product, service, or investment, usually on a social media platform. While often carrying a negative connotation, in some contexts, “to shill” is becoming more neutral and synonymous with “to promote.”

Shitcoin

An altcoin with weak fundamentals, no practical advantages over other coins, and with little to no discernible value.

See also: #Altcoin, #Pump and Dump

Sidechain

A separate and independent blockchain that operates parallel to a main blockchain, with its own consensus mechanisms and block parameters, and doesn’t rely on a main chain for security or stability. Digital items and data can be transferred between sidechains and other chains using a two-way bridge.

See also: #AppChain, #Blockchain, #Layer 1, #Layer 2

Slashing

A mechanism used in Proof of Stake networks to penalize validators for engaging in actions that interfere with the security or integrity of the network. Punishment can include losing a portion of the validator’s stake or other penalties.

See also: #Proof of Stake

Slippage

A positive or negative discrepancy between the expected or intended price of a trade and the actual price at which the trade is executed. This can occur during periods of high volatility or when there is not enough buying or selling interest at a specific price level.

See also: #Liquidity Pool

Smart Contract

Self-executing code on a blockchain with pre-defined rules to automate actions once a set of conditions are met. Once deployed, these functions cannot be modified or controlled. Despite the name, smart contracts are not legal documents.

See also: #Smart Contract Wallet

Smart Contract Wallet

A cryptocurrency wallet that is accessed and controlled by smart contracts, allowing for enhanced security and customizable functionality.

See also: #Wallet, #Smart Contract

Sock Puppet

Slang

An alternate account created by a user to manipulate public opinion, offering the illusion of support for the original account by engaging in conversations, defending its actions, or spreading false information. Multiple accounts may interact with one another to give the appearance of independent voices while, in actuality, being controlled by a single person.

See also: #Alts

Soft Fork

A blockchain protocol upgrade or modification that does not fundamentally change the structure of the blockchain and maintains backward compatibility.

See also: #Fork, #Hard Fork

SOL

Ticker Symbol - Solana

The native token of the Solana network.

See also: #Solana

Solana

A #Proof of Stake blockchain launched in 2020 and intended to provide an alternative to Ethereum.

See also: #Lamport, #SOL

Solidity

A high-level, object-oriented programming language that supports inheritance, libraries, and sophisticated user-defined types. Solidity is the native programming language of the Ethereum network.

See also: #Ethereum, #Smart Contract

Speed Up Transaction

A replacement transaction submitted in an attempt to overwrite a pending transaction with a higher gas fee in order to increase the likelihood of getting it included in the next block of transactions.

See also: #Cancel Transactions, #Failed Transaction, #Pending Transaction, #Replacement Transaction, #Stuck Transactions, #Transaction, #Transaction Fee

SPL

Acronym - Solana Programming Language

See also: #Solana

Stablecoin

A cryptocurrency designed to maintain a stable value by pegging its price to a reference asset like the US dollar.

See also: #Coin, #Cryptocurrency, #DeFi

Staking

Locking up cryptocurrency or other digital assets in a designated smart contract or staking pool in exchange for rewards in the form of additional tokens or other benefits.

See also: #DeFi, #Locking, #TVL, #Total Value Locked

Stale Block

See #Orphan Block.

Stuck Transaction

A blockchain transaction that has been unconfirmed or pending for an extended period of time, often due to a low transaction fee.

See also: #Cancel Transactions, #Failed Transaction, #Pending Transaction, #Replacement Transaction, #Speed Up Transactions, #Transaction, #Transaction Fee

Subnet

A subdivision of a larger network into smaller, more manageable segments to allow for more efficient transaction processing.

See also: #Avalanche

Swap

The exchange or trade of one digital asset for another, typically facilitated by smart contracts for increased transparency and security.

See also: #DeFi, #Decentralized Exchange