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Media Network Glossary

The following terms are used throughout the documentation.

Blockchain

A distributed, decentralized, digital ledger that records transactions on multiple computers to ensure security and immutability.

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.

Deals

An agreement to sell & buy web services in exchange for MEDIA tokens between a provider and a client.

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.

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.

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.

Media Edge

An optional software providers can download to create custom content delivery networks and sell them in the Media Network marketplace.

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.

Peer-to-peer

A decentralized network architecture in which each participant has equal privileges and can act as a client and a provider.

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.

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.

Web Services Marketplace

A platform that allows users to buy and sell web services.