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EVM Based Chain

A software environment that executes smart contracts on an L1 blockchain that employs a code fork of the Ethereum Virtual Machine.

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Externally Owned Account (EOA)

An Externally Owned Account or EOA is an address that is controlled by a user. The user maintains control with a private key and often interacts with the wallet through a wallet application, such as a browser extension or hardware device, that is not internal to the blockchain itself. This address can be used for…

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FATF

The Financial Action Task Force (FATF) is a global money laundering and terrorist financing watchdog. This inter-governmental body sets international standards that aim to prevent these illegal activities and the harm they cause to society. As a policy-making body, the FATF works to generate the necessary political will to bring about national legislative and regulatory…

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Faucet

A faucet is a website or app that dispenses cryptocurrency rewards for visitors to claim in exchange for completing a task as described by the website.

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Fiat OffRamp

Allows you to withdraw fiat. This makes it easier for criminals and others to exchange crypto for cash, increasing the likelihood of use for money laundering and other nefarious purposes.

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Fraud Proof

This is what optimistic systems use to challenge the validity of a suspected invalid transaction. Challenges to a batch of transactions must be made within a specified time period after the batch has been submitted to the L1.

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Gambling

“Gambling” is accepting, recording, or registering bets, or carrying on a policy game (a lottery in which bets are made on an unpredictable number, such as a daily stock quotation) or any other lottery, or playing any game of chance, for money or other thing of value. There are many online gambling sites that use…

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Gas Limit and Gas Price

When you send an Ethereum transaction, you specify your gas price, typically denominated in Gwei, and a gas limit. The gas price you set determines how much you’re willing to pay per unit of gas. The gas limit determines how many units of gas you’re willing to pay for. You can think of your gas…

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Gossip Protocol

A gossip protocol is a type of peer-to-peer (P2P) communication between computers and digital devices in a decentralized network. Since decentralized networks do not have a centralized register of all members of the network, a gossip protocol ensures information is disseminated between all network members by nodes passing information to their neighbors. The protocol ensures…

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Hash Time-Locked Contracts (HTLC)

HTLCs require the recipient of payment to acknowledge their reception of payment prior to a deadline by generating a cryptographic proof of payment. If they do not do this, they risk losing the rights to claim payment, which would return the payment back to the sender.

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