Key terms
Gig: Refer to a single project or job that a freelancer is hired to complete.
Smart Contract: Contracts are smart programs or algorithms, executes when certain conditions are met successfully.
MultipPartyEscrow Contract: An Escrow contract defines the conditional transaction between two transacting parties through an Escrow account.
Signature: Authorization given by the signer.
Wallet/Address: Wallet is where you hold your crypto currencies , every wallet is associated to an address.
MetaMask: MetaMask is the leading self-custodial wallet. The safe and simple way to access blockchain applications and web3. Trusted by millions of users worldwide.
Gas: Gas is the unit used to calculate transaction fees in a transaction, and the more transaction fees paid, the faster the transaction confirmation speed.
Gas Strategy ( Slow , Medium and Fast): Blockchain gas price is a time based gas price strategy (‘fast’ ~1min, ‘medium’ ~5min or ‘slow’ ~60min) (defaults to session.default_gas_price).
Digital currency: A type of virtual currency based on a network of nodes and digital encryption algorithms.
Last updated