Glossary

EVM (Ethereum Virtual Machine): A virtual execution environment that supports a single scripting language, primarily used in Ethereum-based smart contracts.

Candidate: A nominee for the role of Validator, responsible for participating in the election process to become a Validator.

Validator: Selected from Candidates, Validators are responsible for signing messages in the Tendermint consensus process.

Delegator: An individual who delegates their MTT tokens to a Validator (or Candidate) and shares in the associated rewards.

Unbonding period : The buffer time from when a holder initiates unbonding to when they regain control over their MTT tokens.

Transaction fees : Fees included in an MTT Network transaction, earned by Validators, and distributed among Validators and Delegators based on their bonded Atom amounts.

Commission fee: A fee taken by Validators for the services they provide, deducted from the transaction fees.

Double Signing: A serious malicious act where a Validator node signs blocks on two different chains simultaneously.

Verifiable Random Function (VRF): A function used to generate random numbers that can be verified for authenticity and integrity.

GAS: Transaction fees on the MTT Network, used to pay for the computational resources required to process and validate transactions.

IBC (Inter-Blockchain Communication Protocol): A protocol enabling different blockchains to communicate and interact with each other.

Solidity: A binary instruction format for a stack-based virtual machine, used for deploying smart contracts in a more efficient and secure manner on blockchains.

Cosmos SDK: Modular components of the Cosmos SDK, which provide various functionalities for building blockchain applications.

Tendermint: A consensus algorithm used in Cosmos-based blockchains, providing Byzantine Fault Tolerance (BFT) to ensure network security and consensus.

Validator Node: A node in the blockchain network responsible for validating transactions and creating new blocks as part of the consensus mechanism.

RNG (Random Number Generator): A system or algorithm used to generate random numbers, often utilized in gaming and cryptographic applications.

MTT in Poker (Multi-Table Tournament) : A poker tournament format where players are distributed across multiple tables, as opposed to single-table tournaments or sit-and-goes.

Vyper: A high-level programming language designed for the Ethereum Virtual Machine (EVM), focusing on simplicity and security, making it particularly suited for developing smart contracts that prioritize code safety and auditability.

Yul: An intermediate-level programming language used for optimizing smart contract execution on the Ethereum Virtual Machine (EVM), serving as a low-level language that compiles into EVM bytecode and is often used for optimization purposes.