Elon Musk talks Crypto：Web 3.0

Web 1.0

Web 1.0 is a term that is often used to describe the early version of the internet.

Web 2.0

Web 2.0 describes the current state of the web, which supports more user-generated content and stability for front-end users than its predecessor, Web 1.0

Web 3.0

Web 3.0 is the coming generation of the internet.

Web3 Foundation

The Web3 Foundation was created to foster new technologies and applications in the field of decentralized web software protocols.

WebSocket

WebSocket enables two-way communication between a client (e.g., a web browser) and a server (which can be either an HTTP server or another WebSocket server).

Wei

The smallest fraction of an Ether, with each Ether to 1000000000000000000 Wei.

Whale

A term used to describe investors who have uncommonly large amounts of crypto, especially those with enough funds to manipulate the market.

Vesting Period

The act of restricting the sale of a token for a particular period of time.

What Is the Financial Crimes Enforcement Network (FinCEN)?

The Financial Crimes Enforcement Network (FinCEN) is a U.S. bureau that analyzes financial transactions to prevent financial crimes.

When Moon

A phrase used to ask when the price of cryptocurrencies will explode.

White Hat Computer Hacker

White hat hackers use their skills to improve security by exposing vulnerabilities before malicious hackers (known as black hat hackers) can detect and exploit them.

White Label

White Labeling allows a company to customize an existing product framework in order to rebrand and resell this product as their own.

White Label Staking

In white-label staking, the crypto holders get their validator node explicitly created for them. This is then managed entirely on their behalf by a third-party operator.

White Swan Event

A white swan is an easily predictable event that is anticipated based on current information and forecasting.

Whitelist

A list of interested participants in an initial coin offering, who registered their intent to take part or purchase in a sale.

Whitepaper

A document released by a crypto project that gives investors technical information about its concept, and a roadmap for how it plans to grow and succeed.

Winding Down

Winding down is the process of unwrapping tokens back to their original form in DeFi.

Winding Up

In decentralized finance (DeFi), winding up essentially means wrapping crypto tokens through various projects in order to find the best yield. 

x86 Virtual Machine (Qtum)

X86 Virtual Machine enables Qtum developers to write smart contracts in a language of their choice.

Zero Knowledge Proof

Proving certain information or data is true without revealing it.

Zero Knowledge Rollup

Yield Curve

The yield curve is a line that plots the relationship between yields and maturities of fixed income securities.

Yield Farming

Yield farming involves earning interest by investing crypto in decentralized finance markets.

Yield Sensitivity

Yield sensitivity or interest rate sensitivity is a measure of how much a fixed income asset’s price changes due to the fluctuation in interest rates.

YTD

Stands for Year to Date.

Zero Confirmation/Unconfirmed Transaction

A zero confirmation or unconfirmed transaction is defined as an exchange that has not yet been recorded or verified on the blockchain

A zero knowledge rollup is a type of layer 2 scaling solution that relies on zero knowledge cryptography

Zero Knowledge Rollups

A zero-knowledge rollup is a Layer 2 blockchain solution that performs computations and storage off-chain while funds are held in a smart contract.

Zero Confirmation Transaction

Alternative phrasing for an unconfirmed transaction.

Zero-Knowledge Proof

In cryptography, a zero-knowledge proof enables one party to provide evidence that a transaction or event happened without revealing private details of that transaction or event.

Zk-SNARKs

A proof that allows one party to prove it owns certain information without revealing it.

zkApps

zkApps leverage the zero-knowledge proofs (ZKPs), particularly zk-SNARKs and zk-STARKs, to unlock a realm of possibilities that surpass traditional blockchain applications.

zkOracle

zkOracles utilize Zero Knowledge Proofs (ZKPs) as a trustless medium through which data can pass freely whilst retaining a robust standard of security, privacy and cost-efficiency.

zkSharding

zkSharding is a re-introduced concept of Ethereum’s sharded execution layer which scales blockchains with parallelized execution within shards secured via zkEVM proofs.

zParachain

A zParachain is an approach to bridging where a dedicated blockchain in the broader Polkadot ecosystem is used specifically to connect to a network that’s outside the Polkadot ecosystem.