BTC
BCH: Bitcoin Cash
ZEC
ZCash is a cryptocurrency with a decentralized blockchain that seeks to provide anonymity for its users and their transactions. ZCash increases user privacy by using zero-knowledge proofs (zk-SNARKs) to validate transactions without revealing information that could compromise a user’s privacy.
Ethereum
Ethereum is a decentralized, open-source blockchain featuring smart contract functionality. Ether is the native cryptocurrency of the platform. It is the second-largest cryptocurrency by market capitalization, after Bitcoin. Ethereum is the most actively used blockchain.
ERC-20
One of the most significant Ethereum tokens is known as ERC-20. ERC-20 has emerged as the technical standard; it is used for all smart contracts on the Ethereum blockchain for token implementation and provides a list of rules that all Ethereum-based tokens must follow.
ERC-20 is similar, in some respects, to bitcoin, Litecoin, and any other cryptocurrency; ERC-20 tokens are blockchain-based assets that have value and can be sent and received. The primary difference is that instead of running on their own blockchain, ERC-20 tokens are issued on the Ethereum network.
Confirmation-as-a-Service (CaaS), and Gas-as-a-Service (GaaS)
Gas
Ethereum Gas is a unit that measures the amount of computational effort that it will take to execute certain operations.
Every single operation that takes part in Ethereum, be it a transaction or smart contract execution requires some amount of gas.
Miners get paid an amount in Ether which is equivalent to the total amount of gas it took them to execute a complete operation.
ICO
Initial Coin Offering (ICO) is the cryptocurrency’s world public crowdsale. Whenever a project wants to launch a new coin or dApp, they can conduct an ICO to attract investors into their ecosystem.
Initial Exchange Offering (IEO)
an Initial Exchange Offering means that the fundraising will be conducted on a well-known exchange’s fundraising platform, such as Binance Launchpad, where users can purchase tokens with funds directly from their own exchange wallet.
mainnet
Mainnet is the term used to describe when a blockchain protocol is fully developed and deployed, meaning that cryptocurrency transactions are being broadcasted, verified, and recorded on a distributed ledger technology (blockchain).
testnet
testnet describes when a blockchain protocol or network is not yet up and running on its full capacity. A testnet is used by programmers and developers to test and troubleshoot all the aspects and features of a blockchain network before they are sure the system is secure and ready for the mainnet launch.
nonce
Please note that when minting with RenVM on mainnet, users will often close the browser and come back at a later time when the initial source transaction is confirmed. Depending on the browser and/or device being used, this can cause transaction data held in local storage to be lost and a loss of user funds.
It is strongly recommended that developers back up user transactions to a more reliable location, such as a remote database, to prevent this scenario. The most important data to save for a user transaction is the nonce, which is used by the network to continue an in-progress minting transaction.
RenVM is powered by a decentralized network of machines, called Darknodes. They contribute their compute power and storage space in exchange for rewards.
RenVM is a decentralized virtual machine. This virtual machine is replicated over thousands of machines that work together to power it, contributing their network bandwidth, their computational power, and their storage capacity. These machines are known as Darknodes.
Darknodes communicate with other Darknodes around the world to keep RenVM running. RenVM uses Byzantine Fault Tolerant consensus algorithms and secure multiparty computations so that Darknodes can be operated by anyone without needing to trust them.
You host your Darknode on a Virtual Private Servers (VPS) and update it remotely via your computer’s Command Line Interface (CLI). Every day management, such as viewing your rewards, is done from your Darknode Dashboard (accessible from the Command Center).