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.

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