Glossary-O: Difference between revisions
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(Created page with "== O == <div class="toccolours"> ; === Off-Chain === : Processes or data that occur or are stored outside of a main blockchain network, done to reduce expense and improve efficiency. :''See also: #Blockchain, #On-Chain''</div> <div class="toccolours"> ; === On-Chain === : Data or transactions stored directly on a blockchain network increasing the level of trust and security for network participants. :''See also: #Blockchain, #Off-Chain''</div> <div...") |
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=== Off-Chain === | === Off-Chain === | ||
: Processes or data that occur or are stored outside of a main blockchain network, done to reduce expense and improve efficiency. | : Processes or data that occur or are stored outside of a main blockchain network, done to reduce expense and improve efficiency. | ||
:''See also: [[#Blockchain]], [[#On-Chain]]''</div> | : ''See also: [[#Blockchain]], [[#On-Chain]]'' | ||
</div> | |||
<div class="toccolours"> | <div class="toccolours"> | ||
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=== On-Chain === | === On-Chain === | ||
: Data or transactions stored directly on a blockchain network increasing the level of trust and security for network participants. | : Data or transactions stored directly on a blockchain network increasing the level of trust and security for network participants. | ||
:''See also: [[#Blockchain]], [[#Off-Chain]]''</div> | : ''See also: [[#Blockchain]], [[#Off-Chain]]'' | ||
</div> | |||
<div class="toccolours"> | <div class="toccolours"> | ||
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=== On-Ramp/Off-Ramp === | === On-Ramp/Off-Ramp === | ||
: A platform or service that allows users to convert cryptocurrencies to traditional government-issued currencies and vice versa. | : A platform or service that allows users to convert cryptocurrencies to traditional government-issued currencies and vice versa. | ||
:''See also: [[#Exchange]]''</div> | : ''See also: [[#Exchange]]'' | ||
</div> | |||
<div class="toccolours"> | |||
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=== Open Graph === | |||
: A data structure or API that anyone can use or share, often blockchain or decentralized networks. | |||
: ''See also: [[#Closed Graph]]'' | |||
</div> | |||
<div class="toccolours"> | <div class="toccolours"> | ||
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=== Optimism === | === Optimism === | ||
: An [[Ethereum]] layer 2 blockchain network founded in 2019 and built as a scaling solution to alleviate congestion and reduce transaction fees. | : An [[Ethereum]] layer 2 blockchain network founded in 2019 and built as a scaling solution to alleviate congestion and reduce transaction fees. | ||
:''See also: [[#Ethereum]], [[#Layer 2]]''</div> | : ''See also: [[#Ethereum]], [[#Layer 2]]'' | ||
</div> | |||
<div class="toccolours"> | <div class="toccolours"> | ||
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=== Optimistic Rollups === | === Optimistic Rollups === | ||
: A category of [[Ethereum]] layer 2 scaling solutions that handle the computation of transactions off-chain and publish the results on-chain. | : A category of [[Ethereum]] layer 2 scaling solutions that handle the computation of transactions off-chain and publish the results on-chain. | ||
:''See also: [[#Optimism]]''</div> | : ''See also: [[#Optimism]]'' | ||
</div> | |||
<div class="toccolours"> | <div class="toccolours"> | ||
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=== Oracle === | === Oracle === | ||
: An agent or entity that connects smart contracts to external data sources or systems allowing real-world events to trigger actions on a blockchain network. | : An agent or entity that connects smart contracts to external data sources or systems allowing real-world events to trigger actions on a blockchain network. | ||
</div> | </div> | ||
<div class="toccolours"> | <div class="toccolours"> | ||
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=== Orphan Block === | === Orphan Block === | ||
: One of two or more blocks produced simultaneously by miners. The orphan block, also known as a stale block, is the block discarded by the network despite its veracity. | : One of two or more blocks produced simultaneously by miners. The orphan block, also known as a stale block, is the block discarded by the network despite its veracity. | ||
:''See also: [[#Block]], [[#Stale Block]]''</div> | : ''See also: [[#Block]], [[#Stale Block]]'' | ||
</div> | |||
<div class="toccolours"> | <div class="toccolours"> | ||
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=== OTC === | === OTC === | ||
: ''Acronym - [[#Over The Counter]]'' | : ''Acronym - [[#Over The Counter]]'' | ||
:The process of trading an item outside of an official exchange. In web3, this is typically an occurrence directly between two trusted individuals in order to circumvent marketplace fees. | : The process of trading an item outside of an official exchange. In web3, this is typically an occurrence directly between two trusted individuals in order to circumvent marketplace fees. | ||
</div> | </div> | ||
<div class="toccolours"> | <div class="toccolours"> | ||
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=== Over The Counter === | === Over The Counter === | ||
: '''See [[#OTC]].''' | : '''See [[#OTC]].''' | ||
</div> | </div> | ||
Revision as of 21:15, 12 September 2024
O
Off-Chain
- Processes or data that occur or are stored outside of a main blockchain network, done to reduce expense and improve efficiency.
- See also: #Blockchain, #On-Chain
On-Chain
- Data or transactions stored directly on a blockchain network increasing the level of trust and security for network participants.
- See also: #Blockchain, #Off-Chain
On-Ramp/Off-Ramp
- A platform or service that allows users to convert cryptocurrencies to traditional government-issued currencies and vice versa.
- See also: #Exchange
Open Graph
- A data structure or API that anyone can use or share, often blockchain or decentralized networks.
- See also: #Closed Graph
Optimism
- An Ethereum layer 2 blockchain network founded in 2019 and built as a scaling solution to alleviate congestion and reduce transaction fees.
Optimistic Rollups
- A category of Ethereum layer 2 scaling solutions that handle the computation of transactions off-chain and publish the results on-chain.
- See also: #Optimism
Oracle
- An agent or entity that connects smart contracts to external data sources or systems allowing real-world events to trigger actions on a blockchain network.
Orphan Block
- One of two or more blocks produced simultaneously by miners. The orphan block, also known as a stale block, is the block discarded by the network despite its veracity.
- See also: #Block, #Stale Block
OTC
- Acronym - #Over The Counter
- The process of trading an item outside of an official exchange. In web3, this is typically an occurrence directly between two trusted individuals in order to circumvent marketplace fees.