An account is a cryptographically connected (opens new window) pair of public and private keys on the blockchain. Accounts uniquely correlate transactions and orders with their senders.
An address is a unique account identifier. The address can be represented as an alphanumeric string.
An alias is a short, easy-to-remember address name. There cannot be two aliases with the same name. A single address can have multiple aliases.
# Available WAVES balance
Amount of WAVES available for staking. Meaning total balance minus staked balance.
Asset is the synonym of token.
A block is a unit of the blockchain chain. The block contains transactions: from 0 to 6000 inclusive. The maximum block size is 1 MB.
A blockchain is a continuous sequential chain of blocks, that are linked using cryptography.
# Block height
A block height is a block sequence number in the blockchain.
# Blockchain height
A blockchain height is a sequence number of the last block in the blockchain.
# Blockchain network
A blockchain network is a computer network that consists of nodes.
A cryptocurrency is a type of digital currency (opens new window), the creation and control of which is based on cryptographic methods.
# Data transaction
Data transaction is a transaction that writes data to an account data storage.
Each data transaction has a data array that contains data to be written. In JSON representation of a transaction the data array is the field.
# Exchange transaction
Exchange transaction is a transaction that exchanges two different tokens among two accounts.
A test network faucet (or faucet) is a Waves Explorer (opens new window) tool that refills the test network accounts with the WAVES test tokens. For one recharge, the user receives 10 testnet WAVES.
Gateway is a centralized payment solution that allows transferring cryptocurrencies from one blockchain to another and vice versa; as well as transferring fiat money to and out of the blockchain.
Keeper (or Keeper Wallet (opens new window)) is a web browser extension that allows users to securely interact with Waves-enabled web services.
LPoS (or Leased Proof-of-Stake) is a consensus algorithm in which the probability of generating the next block by the participant is proportional to the share of cryptocurrency belonging to this participant or staked to this participant from their total supply. In other words, the more tokens on the account of the miner (own and staked to them), the higher the probability of generating the next block.
The mainnet (or main network) is the main Waves blockchain network.
Matcher is the service that executes orders on WX Network.
# Matcher fee
A matcher fee is a fee that matcher takes from both accounts that participate in the exchange of the pair of tokens.
A miner is the owner of the mining node.
Mining is the process of generating a block by a mining node, as a result of which a new block is added to the blockchain and WAVES tokens are issued. For block generation, miners receive a reward for mining, as well as transaction fees, according to the rules of the Waves-NG protocol.
# Mining account
A mining account is an account that the mining node uses to sign the generated blocks.
# Mining node
A mining node is a node that can perform mining. Each mining node is a validating node.
Multisignature is an implementation of an electronic signature that requires the use of several private keys as a condition for transaction execution.
# Node extension
A node extension is a software module that can be installed on a node.
A node is a host (opens new window) that is connected to the blockchain network using the Waves Node (opens new window) application. The node stores blocks, sends and validates transactions.
Order (or exchange order) is an instruction to buy or sell a token on WX Network.
PoS (Proof-of-Stake) is a consensus algorithm in which the probability of generating the next block is proportional to the share of cryptocurrency belonging to this participant from their total supply. In other words, the more tokens on the account of a miner, the higher the probability of generating the next block.
PoW (Proof-of-Work) is a consensus algorithm in which it is required to perform a complex calculation in order to generate a new block. That is, the higher the performance of the miner's equipment, the higher the probability of generating the next block.
A script is the source code on the Ride language. There are three types of scripts: dApp script, account script, asset script.
# Secret phrase
Secret phrase (or Seed) is a set of characters (usually, it is 15 English words with spaces between them) that allows you to access your Waves address and, accordingly, the funds on your account. When registering an account, you are asked to keep your secret phrase safe.
# Smart account
A smart account is an account with an account script attached. Only one script can be attached to an account. The account script is attached to the account using the set script transaction.
# Smart asset
A smart asset is a token with an asset script attached.
# Staking pool
Staking pool is a public node in the Waves network that makes regular payments for staking.
# Staking WAVES
Staking is a reversible transfer of WAVES from one account to another to increase the stability and security of the network, as well as potentially get block generation reward. The staked WAVES tokens are not actually being transferred to another account, they remain on the sender's balance, however, they are 'frozen' and cannot participate in the buying and selling operations, as well as they cannot be sent to another account. The staked tokens provide the staking recipient with a greater chance of mining a block. The recipient of the staking can share the income from mining with those who staked WAVES. Waves team does not regulate the payment process for LPoS mining, this remains at the discretion of the miner. Staking can be cancelled at any time, to 'unfreeze' the staked WAVES.
# Staked WAVES balance
Amount of staked WAVES.
A token is a blockchain object that represents another object from the physical or virtual world or an abstract concept.
# Token ID
A token ID is an ID of the transaction that issued the token. In the program interfaces, the token ID is represented by a string in Base58 (opens new window).
# Total WAVES balance
Total amount of WAVES on your balance. Meaning available balance + staked balance.
The transaction is an action on the blockchain on behalf of the account. Transactions can be sent only from the account — thus, any transaction can be correlated with a certain account.
# Transaction fee
A transaction fee is a fee that an account owner pays to send a transaction. A sender can specify any amount of fee but not less than a certain amount. The larger the fee is, the quicker the transaction will be added to the new block.
# UTX pool
UTX pool (or Unconfirmed Transactions pool) is a pool of unconfirmed node transactions that are waiting for validation.
# Verified staking pool list
The list of staking pools verified by Waves team. To add your node to the list of verified pools, you need to provided all the necessary information in the form (opens new window). Your application will be reviewed within 10 business days, after which you will be sent a reply by email.
A wallet is a section of the WX Network online service. It allows to send and receive tokens, view transactions and cryptocurrency rates, and stake WAVES.
WAVELET is 1/100 000 000 WAVES. 1 WAVELET is the minimum number of WAVES that you can work with within the Waves blockchain.
WAVES is the main token of the Waves blockchain. 1 WAVES equals 100,000,000 WAVELET. In April 2016, 100 million WAVES were released. WAVES cannot be burned using a burn transaction.