Glossary
The following terms are used throughout the documentation.
Atomic swap
A cryptocurrency trading method that allows users to exchange different cryptocurrencies directly between their wallets without relying on a centralized exchange or intermediary.
Blockchain
A distributed, decentralized, digital ledger that records transactions on multiple computers to ensure security and immutability.
CDN marketplace
A platform that allows users to buy and sell CDN services.
Clients
Developers looking to buy web services on the marketplace.
Consensus algorithm
A method used in blockchain networks to validate transactions and add new blocks to the chain. Different algorithms include Proof of Work, Proof of Stake, and Delegated Proof of Stake.
Content Delivery Network (CDN)
A geographically distributed group of servers that work together to deliver internet content quickly.
Cross-chain interoperability
The ability for different blockchain networks to communicate and share information with each other, enabling transactions and data exchange between different blockchain-based platforms.
Dapp (Decentralized application)
An application built on a decentralized network like a blockchain, which operates without a central authority, allowing users to interact directly with each other.
Data sharding
A method for improving the scalability of a blockchain network by dividing its data into smaller, manageable pieces called shards, which can be processed independently.
Deals
An agreement to sell & buy web services in exchange for MEDIA tokens between a provider and a client.
Decentralized Autonomous Organization (DAO)
A self-governing entity controlled by the community of token holders.
Decentralized exchanges (DEX)
A cryptocurrency exchange that operates on a blockchain network. Unlike centralized exchanges controlled by a single entity, DEXs are decentralized and typically use smart contracts to facilitate trades.
DeFi (Decentralized Finance)
A financial system built on blockchain technology that allows for open access to financial products and services without intermediaries.
Dispute
A disagreement or conflict between a provider and a client that is elevated to the Media Network DAO.
Domain Name System (DNS)
The Domain Name System is the hierarchical and decentralized naming system that identifies computers, services, and other resources reachable through the internet or other internet protocol networks.
Domains
Unique names that identify websites and other online resources. They are used to locate and access these resources through a domain name system (DNS).
End-point
A connection point between devices or systems, like a computer and a server or a mobile device and an application, identified by an IP address and port number in networking or an API or web service URL in software development.
Front-end
Refers to the user-facing part of a software application, website, or system. It's the interface that users interact with to access the features and functions of the application or website. It includes elements such as the layout, design, buttons, menus, and forms.
Gas
A unit of measurement used in blockchain networks like Ethereum to quantify the computational effort required to execute a transaction or smart contract.
Handshake (HNS)
A decentralized, permissionless naming protocol where every peer validates and manages the root DNS naming zone to create an alternative to existing Certificate Authorities and naming systems.
Immutable
Something that cannot be modified or changed. In the context of technology, it generally refers to data or information that cannot be altered once it has been recorded. For example, the data stored on a blockchain network is considered immutable.
InterPlanetary File System (IPFS)
A protocol and peer-to-peer network for storing and sharing data in a distributed file system. It uses content-addressing to uniquely identify each file in a global namespace connecting all computing devices.
Layer 2 scaling solutions
Technologies built on top of existing blockchain networks to improve scalability, transaction speed, and efficiency without changing the underlying network.
Liquidity pools
A collection of funds locked in a smart contract. They facilitate decentralized trading, lending, and various services such as CDN, storage, or transcoding.
Marketplace
A platform where web services are bought and sold by individuals or businesses.
Media Edge
An optional software providers can download to create custom content delivery networks and sell them in the Media Network marketplace.
Metaverse
A collective virtual shared space, created by the convergence of physical reality and the digital realm. It includes augmented reality, virtual reality, and the internet, where users can interact with digital objects and each other in real-time.
Multi-CDN
A system that uses multiple CDN providers to deliver user content. In the Media Network marketplace, clients can hire and connect their resources to multiple CDN providers through a single interface.
Non-fungible token (NFT)
A digital asset that represents ownership of a unique item or piece of content, such as digital art, virtual real estate, or in-game items, and cannot be exchanged at a one-to-one ratio with other tokens due to its unique properties.
Offer
A proposal published by a provider in the Media Network marketplace to attract a client to create a resource.
Oracles
Entities that provide external data to smart contracts on a blockchain network, bridging the gap between on-chain and off-chain information.
Peer-to-peer
A decentralized network architecture in which each participant has equal privileges and can act as a client and a provider.
Proof of Authority (PoA)
A consensus algorithm in which a limited number of trusted nodes, or authorities, validate transactions and create new blocks in a blockchain network.
Proof of Stake (PoS)
A consensus algorithm in which users validate transactions and create new blocks based on the number of tokens they hold and are willing to "stake" as collateral.
Proof of Work (PoW)
A consensus algorithm in which users, called miners, solve complex mathematical problems to validate transactions and create new blocks in a blockchain network.
Sidechain
A separate blockchain network that runs parallel to a main blockchain, allowing for faster and more scalable transactions without overloading the main network.
Smart contract
A self-executing contract with the terms of the agreement between parties directly written into code, which automatically executes and enforces itself when predefined conditions are met.
State channel
A layer 2 scaling solution that enables off-chain transactions between participants, reducing the computational load on the main blockchain network.
Token allowance
The amount of tokens a user has authorized a smart contract or another address to spend on their behalf. It ensures the user has enough tokens to perform the intended action and prevent unauthorized spending.
Trustless
A system that does not require trust or reliance on a central authority to function.
Video segment
A fragment or chunk of video information collection of video frames. Combined, these segments make up a whole video.
Wallet
A collection of keypairs that allows users to manage their funds.
Web3
The next generation of the World Wide Web, also known as the decentralized web, uses blockchain technology to enable more secure, transparent, and decentralized communication and transactions.
Web Real-Time Communication (WebRTC)
This technology enables real-time communication through web browsers and mobile applications without additional plugins or software.
Web services
Computer-based services provided over the internet to facilitate communication and interaction between remote systems and applications.