Elon Musk talks Crypto：Rank

Protocol Layer

A protocol layer of the blockchain is defined as the rules and processes that govern how the network will operate. This is where we can find the different algorithms that determine how consensus is achieved and who gets to create new blocks.

Public Address

A public address is the cryptographic hash of a public key, allowing the user to use it as an address to request for payment.

Public Sale

A public sale is the final stage of an ICO in which a company offers its token to the public at a significant discount before the token is listed on cryptocurrency exchanges.

Public-Key Cryptography

Public-key cryptography is a collection of algorithms-based cryptographic procedures that are used to jumble secret data and make it look randomized.

Public-Key Infrastructure

A public key infrastructure (PKI) is a collection of roles, rules, hardware, software, and processes for creating, managing, distributing, using, storing, and revoking digital certificates, as well as managing public-key encryption.

Pump and Dump (P&D) Scheme

A form of fraud involving the artificial inflation of the price of a cryptocurrency with false and misleading positive statements.

Pure Proof of Stake (PPoS)

Pure Proof of Stake (PPoS) is Algorand’s consensus mechanism that allows random selection of validators based on the consistency of their stakes.

Put Option

A put option contract offers an owner the opportunity, but not the compulsion, to buy an underlying security at a certain price within a given time frame.

QR Code

A machine-readable label that shows information encoded into a graphical black-and-white pattern.

Quant Zone (FTX Exchange)

A tool to create and share trading strategies on the FTX exchange.

Quantum Computing

A computer that harnesses phenomena from quantum mechanics in order to perform much more efficient computations than older, classical computer technologies are capable of.

Quasar Smart Contract (OMG Foundation)

A smart contract by OMG Network to solve layer-2 blockchain problems.

Quorum (Governance

A quorum is the minimum number of members of an assembly or group that must be present at any of its meetings to make the proceedings of that meeting valid.

Radio Frequency Identification (RFID)

Radio Frequency Identification (RFID) is a type of technology that uses radio waves to passively identify a tagged item or individual.

Rage-quit

Rage-quit is the process where a member of a DAO exits part or all of their stake, leaves with a proportional share of the assets in the DAO’s treasury, and quits their participation.

Raiden Network

An off-chain scaling solution aiming to enable near-instant, low-fee and scalable payments on the Ethereum blockchain, similar to Bitcoin's proposed Lightning Network.

Rank

The relative position of a cryptocurrency by market capitalization.

Ransomware

Ransomware is a type of malware used by hackers to steal or encrypt their victims’ files to extort them for a ransom in exchange for file decryption or restoration.

Real World Assets (RWAs)

Real World Assets are off-chain assets, which are tokenized and brought on-chain for use in DeFi. Tokenization involves converting an asset's value into a digital token for representation and transactions on the blockchain.

Rebalancing

Rebalancing is the process of realigning the weightage of a portfolio of assets, that involves buying or selling assets periodically to maintain a targeted level of asset allocation and risk.