zkOracle
By CoinGecko | Updated on Jan 11, 2024
A zkOracle is an advanced concept in blockchain technology that combines the properties of oracles with the principles of zero-knowledge proofs. It represents a middleware protocol that operates within the blockchain ecosystem, providing a connection between onchain and offchain data. Its primary function is to ensure the secure, trustless, and efficient transfer of data to and from a blockchain, enhancing the capabilities of dApps.
Related Terms
Frontrun
To intercept a particularly large AMM buy order for the purpose of purchasing an reselling the assets back to the buyer before the order transaction is mind on the blockchain.
Open Source
Open-source software is a type of software released under a license in which the copyright holder grants users the rights to study, change, and distribute the software to anyone and for any purpose.
HODL
A crypto slang of saying holding the assets rather than selling it.
A crypto slang encouraging investors to hold on to their assets rather than selling it.
Mining Rig
A dedicated hardware to mine
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