Enumivo Glossary
A
Aiden Pearce: Founder of Enumivo.
Avocado: Denomination for ENU units, just like Satoshi is to BTC.
Active permission: Within the permissions structure of an Enumivo account, active is by default the primary child permission of owner. The active permission can perform all actions of an account other than restructuring the permission structure. It is one of the two default permissions that come with a new account, owner and active.
Airdrop: A token distribution method where tokens are given for free.
B
Bandwidth: Enumivo runs on two forms of bandwidth, CPU and Network. You must delegate (also known as stake) your tokens to have access to your allocated bandwidth. By staking your tokens, you guarantee yourself a certain proportion of the capacity of the network. This is part of how the Enumivo network can remain fee-less for transactions.
Block: Blocks consist of transactions. Once a block is deemed irreversible, it means that it has been verified and signed by at least 15 Block Producers, and can now be fully trusted.
Block Interval: Block interval defines the time it takes to mine a block. On the Enumivo network, blocks are created every 0.5 seconds by Block Producers.
Block Explorer: A Block Explorer is a tool for exploring the contents of a blockchain through a Graphical User Interface. https://enumivo.qsx.io for example.
Block Producer: Block Producers are individuals and teams around the world who create the blocks that make up the Enumivo blockchain. They are elected by the Enumivo token holders. 21 Block Producers create blocks, while a list of Standby Block Producers vie for votes to be within the Top 21.
Block Rewards: The payment that is earned for signing a block. Of the 5% inflation on Enumivo, 1% goes towards Block Producer rewards. Of that 1%, 25% is paid on a per-block-created basis.
Block Header: A section that is included in every block on the blockchain. It contains information such as timestamp, current Block Producer schedule, previous block number,current block number, etc.
Blockchain: A distributed digital ledger in which transactions are recorded publicly.
C
Cado: Cado is short for avocado.
1 ENU = 10,000 cado, 1 cado = 0.0001
ENU.
Child: Within the permissions structure of an account, owner is the top-level authority, with all other permissions being nested underneath it. Any permission nested under a permission heading is known as a child. By default, an Enumivo account will come with the active permission as a child to the owner permission.
Cold Storage: An offline method of storing private keys.
Consensus: A way of coming to an agreement. Blockchains can differ in their “consensus mechanisms", Enumivo uses Delegated Proof-of-Stake.
CPU: On Enumivo, CPU represents processing time, one of the blockchain resources that are allocated by means of the staking mechanism. Each action requires a certain amount of CPU processing time, therefore if you would like to broadcast transactions to the Enumivo network, your account must have a sufficient allocation of CPU.
D
DAO: DAO is an acronym for Decentralized Autonomous Organization. It is self-governing, and can function autonomously. The entire business logic of a DAO is encoded into a smart contract that resides on the blockchain.
dApp: This is a short term for decentralized application. A dApp is any application which operates on a decentralized network. The purest form of a dApp is one which is deployed to the network and then operates without any central parties.
Delegate: Tokens on the Enumivo network can have two states, delegated and undelegated. When a token is delegated, it provides an allocation of network resources for an account. You can delegate resources towards your own account, or to another account, using your tokens (also known as stake).
DPoS: Invented by Daniel Larimer, Delegated Proof-of-Stake (DPoS) is the consensus mechanism on which Enumivo is built. In DPoS, stakeholders elect Block Producers, they are responsible and rewarded for generating and adding blocks to the blockchain.
E
ENU: ENU is the token symbol of the native token on the Enumivo platform. It is also the name usually used for the ENU mainnet (with chain ID: cf057bbfb72640471fd910bcb67639c22df9f92470936cddc1ade0e2f2e7dc4f).
Enumivo Oracles: A community of verified individuals who can vote and be voted for monthly rewards.
Enumivo Market Maker: An automated market maker on Enumivo Blockchain for various crypto coins.
ERC-20: ERC-20 stands for: Ethereum Request for Comment-20, and essentially is the standardized criteria needed for creating a token on the Ethereum Network. The Enumivo airdrop was done on the Ethereum Network, so the ENU token was originally distributed as an ERC-20 token.
Enugui: Desktop wallet for Enumivo.
Enumivo Council Of Elders: A group of people picked by Aiden Pearce.
F
Fiat: Fiat money refers to any currency lacking intrinsic value that is declared legal tender by a government.
Fork: A new blockchain that is started by copying the history of an existing chain and moving forward from there. Enumivo source code is fork of EOS.
FUD: An acronym for Fear, Uncertainty and Doubt. A common term used in the crypto-space to signify something that is not supported by facts, and is intended to halt or slow down some action by creating uncertainty.
G
Genesis Block: The very first block of a blockchain.
Github: GitHub is a platform for sharing code amongst developers, commonly used for creating open source projects.
Governed Blockchain: A distributed ledger with some form of governance model where token holders can vote on issues that affect how the blockchain functions (such as feature upgrades, issues of security and resources, etc...).
H
Hash: Hashing is the process of transforming a string into a fixed-length value or key that represents the original string. A string of data will always produce the same hash, so it is used as a means of verifying the contents of the string against the expected content. There are many different hashing algorithms.
Hot Wallet: A wallet which is connected to Internet.
I
Immutable: A term used to signify that something cannot be changed. The history of a blockchain is incorporated in every subsequent block, and as such is considered immutable.
Inflation: The mechanism through which new tokens are created on the Enumivo mainnet. 20% of these are used to pay Block Producers and Standby Producers, with the remainder going into the enu.saving account. Currently, inflation is set at 5%.
Inter-blockchain Communication: Sometimes referred to as cross-chain transactions, inter-blockchain communication as the name implies is transacting between blockchains, moving tokens from one blockchain to another.
Ironman: A browser plug-in to interact with Enumivo blockchain.
L
Launch: The term used to signify the beginning of a blockchain.
LMSR: Short form for Logarithmic Market Scoring Rule by Hanson. Enumivo market maker uses modified version of this algorithm.
LIB - Last Irreversible Block: If a block is deemed irreversible, it means that you can trust with 100% confidence that that transaction is final, fully confirmed, and immutable.
M
Mainnet: The main Enumivo Blockchain.
Multi-sig: Short for multiple signatures. It describes requiring multiple signatures to perform an action. This can be used to provide increased security, as the loss of a single key would not allow a bad actor to appropriate an account’s authority.
N
Network: Network, one of a user's resources, signifies the throughput capacity of the Enumivo blockchain. When you delegate tokens for Network, you are securing your right to utilize a pro-rata amount of the blockchain’s capacity.
Node: Any computer or server that is running the enunode software and is connected to an Enumivo blockchain peer-to-peer network.
Namespace: Similar to .com and .org at the end of a URL, there are namespaces available in Enumivo. If a user wins a namespace auction for some suffix, say “com”, then they will be able to create special account names with “.com” at the end.
O
Owner Permission: Within the permissions structure of an account, owner is the top-level authority. The owner permission can sign on behalf of, and restructure, all lower-level permissions. It is one of two default permissions that come with a new account, owner and active.
Open Source: Denoting software for which the original source code is made freely available and may be redistributed and modified as users see fit.
P
Private key: A private key is what can be used to sign a transaction that authenticates the holder, It is linked to a corresponding public key counterpart.
Proxy: The act of delegating your vote towards another account. If a user does not want, or have the available time, to research which Block Producers should receive their vote (but still wants to participate in voting), they can proxy their vote strength towards another account.
Public Key: A public key is the publicly known portion of the private key/public key pair that a user can generate. There is no harm in giving out your public key, as it exerts no control.
R
RAM: Acronym for Random Access Memory. For speedy data lookup, a lot of data on Enumivo is stored within RAM. It is the most scarce system resource, which is why it must be purchased rather than staked for.
Refund: When unstaking tokens, it takes 72 hours for a refund to be issued. Some block explorers (enumivo.qsx.io) will show the amount of tokens that are in the process of being released as ‘unstaking’.
Resources: An account on an Enumivo blockchain has three resources which it must maintain: RAM, CPU, and Network. RAM is a persistent resource (a user purchases it and controls it completely until they clean it out and sell it back to the blockchain), while CPU and Network are transient (an account may use it, and then it will regenerate as it is constantly rolling over).
RoE: Stands for, Republic of Enumivo. A virtual nation composed of productive individuals who help govern and move the Enumivo project forward with their diverse skills.
S
Smart Contract: Smart contracts are self-executing contracts written in computer code.
Snapshot: At any given point in time, a snapshot of the total state of the chain can be taken. For example, this could be used by a token that wants to airdrop to all current token holders based on their current holdings.
Stake: Used in two ways: 1) Your total ENU token holding is referred to as your stake. 2) Synonym for delegate.
Standby Block Producer: A Block Producer whose ranking is below 21, but receives enough votes to receive at least 100 ENU of vote-based reward within a given day. They act as standby in case some in the top 21 moves down in rank.
Supernode: Synonym for Block Producer.
Stablecoins: Tokens that approximate the value of a real asset.
Signature (digital): A way of cryptographically asserting identity.
Swap: Term used for swap between ERC20 ENU and mainnet ENU.
T
Testnet: A testing environment in which developers can test their contracts or applications, where Block Producers can verify that their infrastructure operates as intended, and where new tweaks to source code can be checked for any missed bugs or unintended consequences. Testnets can be set up to mimic production networks, to simulate possible attacks, or for other purposes.
Transaction: A block on the Enumivo blockchain can include many different transactions within it. Each transaction can include one or multiple different actions. Every interaction with the blockchain is classified as a transaction, not just the movement of tokens from one account to another.
Transaction Hash: A unique identifier that is generated whenever a transaction is performed.
TPS: Stands for, transactions per second. A metric for measuring the throughput of a system.
Token Holder: An individual who hold a particular token.
Transparency: Wide open for the world to see.
Trustless System: A system designed to automate the necessary tasks for two or more parties to do business without the intervention or oversight of third parties to confirm the transactions.
Tokenpocket: Mobile wallet supporting Enumivo.
U
User: A user is any individual who interacts with the Enumivo blockchain, be it directly, or through a dApp.
V
Vote: The most widely used application of voting on Enumivo Blockchain is to elect which Block Producers will actually produce blocks for the network. Voting will also be used to help collect the communal decisions through which we will change the course of the network, amongst others.
Vote Decay: User's vote power decays on a weekly basis, this means that votes that are cast today have more total voting power than votes that were cast a week ago. It decays about 50% every year, so for example if you vote today with 1000 ENU staked then your vote power would be of 500 ENU on Nov 19, 2019 and falls to zero after two years. Recasting your vote every week will keep it at full strength.
VPS: Stands for, Virtual Private Server. A virtual computer where you can run programs.
W
Wallet: A software or hardware tool that stores your private keys, through which you sign transactions. A common misconception is that a wallet holds your tokens. However, tokens are never held, only the private keys that have control/rights over those tokens are being held.
Whale: A token holder who holds a very large stake.
References:
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