Chain Abstraction
Chain Abstraction is a way of designing blockchain systems that allows different blockchains to work together more easily, both at the technical level and for the applications built on them.
More terms under C
- Centralized Exchange (CEX)Centralized exchanges (CEXs) are platforms where people can buy and sell cryptocurrencies. These exchanges are run by a single company that controls the…
- Centre (Consortium)A group formed by Coinbase and Circle to oversee the management of USD Coin (USDC), which is a type of digital currency.
- Certificate of Deposit (CD)A certificate of deposit (CD) is a type of savings account where you deposit money for a fixed period and earn a higher interest rate than a regular savings…
- Chain ReorganizationChain reorganization is when nodes in a blockchain replace old blocks with new ones to form a longer chain of data. This can happen when multiple versions of…
- Chain SplitChain splits happen when a cryptocurrency divides into two or more separate coins. This usually occurs when there are disagreements in the community about the…
- ChangeChange is the amount of cryptocurrency returned to a user after they spend some of their coins in a transaction.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.