Elon Musk talks Crypto：Contract

Composability (DeFi)

In DeFi, composability allows developers to combine different components of blockchain to create new applications and services.

Composable DeFi

Composable DeFi refers to the interoperability between different DeFi protocols. It enables a multitude of DeFi applications to work along and create a wide range of new use cases and financial products.

Composable Token

A composable token is an ERC-998 token, a standard extension to any non-fungible token, adding the ability for non-fungible tokens to own other non-fungible (ERC-721) and fungible (ERC-20) tokens.

Concentrated Liquidity

Concentrated liquidity greatly improves the capital efficiency for LPs and opens up the door to a whole number of liquidity provision strategies in the process.

Confirmation

In cryptocurrency, a confirmation is a measure of how many blocks have actually passed since a transaction was added to a blockchain.

Confirmations

A cryptocurrency transaction is considered confirmed when it is included in a block on the blockchain. Each new block after the first one is an additional confirmation for that transaction.

Consensus

Consensus is achieved when all participants of the network agree on the order and content of the blocks in the blockchain.

Consensus Layer

The consensus layer is the backbone of any blockchain network, performing the vital role of facilitating agreement among nodes on the true state of the blockchain.

Consensus Mechanism

A consensus mechanism is an underlying technology behind the main functionalities of all blockchain technology, which makes them an essential operating feature of all cryptocurrencies.

ConsenSys

ConsenSys is a blockchain technology company that offers developer tools alongside enterprise solutions.

Consolidation

Consolidation in trading is when a crypto asset trades between two levels, and the market shows indecisiveness about the next move.

Consortium Blockchain

A privately owned and operated blockchain where a consortium shares information not readily available to the public, while relying on the immutable and transparent properties of the blockchain.

Consumer Price Index (CPI)

A Consumer Price Index (or CPI) is a type of index where the prices of a basket of goods and services are tracked to gain insights into market segments

Contract

In traditional finance, a contract is a binding agreement between two parties. In cryptocurrencies, smart contracts execute functions on the blockchain.

Contract Account

A contract account is an account that has a crypto balance and associated code.