Glossary

Ternoa Ecosystem Terms

Alphanet

Test network on the Ternoa blockchain. The goal of the Alphanet network is to test features before the final version is released on the Mainnet blockchain. The tokens on Alphanet have no real value, so developers can deploy, test, and execute their projects on a functioning blockchain freely.

Blockchain

A blockchain is a digital concept to store data. This data can be anything from transactions, account balances, and network states–stored on a ledger that every network member is free to access. This data comes in blocks, so imagine blocks of digital data. These blocks are chained together using cryptographic algorithms, making their data impossible to change.

Bridge

A blockchain bridge provides a connection that allows for the transfer of tokens between two different blockchain ecosystems.

CAPS

CAPS is the native token of the Ternoa blockchain. All transactions on the network are carried out in CAPS.

dApp

A decentralized app (also known dApp) operates on a blockchain or peer-to-peer network of computers.

Delegation

Ternoa’s NFT delegation allows NFT owners to share the utilities of their NFTs without giving up ownership - there will be no exchange of money, you do not give up your NFT ownership rights, and the NFT stays in your wallet.

Explorer

A software that allows users to access details regarding blocks, addresses, and current and past transactions.

Layer-0

Layer-0 blockchain is the underlying infrastructure that provides the architecture for projects to build.

Layer-1

Ternoa is a layer-1 blockchain A layer-1 blockchain is the foundation of the blockchain architecture, which validates and executes transactions without support from another network.

Mainnet

The primary Ternoa network, where actual-value transactions occur with native CAPS to pay transaction fees and for staking. Mainnet is the final production network for blockchain projects and accessible to users, validators, and stakers.

NFT

NFTs (non-fungible tokens) are unique cryptographic tokens that exist on a blockchain.

Nominated Proof of Stake (NPoS)

A method used to validate transactions and keep the database secure. With proof of stake, a validator is nominated and chosen to validate a transaction.

Nominators

Nominators are CAPS holders who contribute to the security of the network by nominating validators to participates in the consensus of the protocol.

Pallets

A Substrate module that provides all functionalities of a feature. More info here.

Renting

NFT Renting allows individuals to rent NFTs they would like to borrow. A borrower can rent an NFT and gain access to exclusive content or experiences. At the same time, an NFT owner can rent their NFT to share its utility and earn passive income.

Royalties

NFT royalties give the original NFT creator an option to receive an automatic percentage of the sale price each time their NFT creation is resold.

SDK

Software developer kit (SDK) is a set of tools Ternoa provides developers to build on the Ternoa chain.

Seed Phrase

A seed phrase is a group of random words generated by the Ternoa wallet, which can be used if a user forgets their password.

SoulBound

SoulBound Tokens (SBTs) are non-transferable NFTs representing credentials and are linked to ‘souls’, a type of address that establishes a source.

Staking

Staking on Ternoa is a validation tool that involves committing your CAPS to maintain the network and confirm transactions.

Substrate

Substrate is a Rust-based blockchain development framework created by Parity Technologies, the company behind Polkadot. The Substrate framework was designed to help developers launch a blockchain project in a streamlined and customizable way.

Validators

Validators provide the infrastructure and maintenance for the Ternoa network. A validator is a virtual entity that lives on the Ternoa Chain and participates in the consensus of the protocol. Learn how to become a validator here.

Wallet

The Ternoa Wallet allows you to view your CAPS balance in real time, receive or send CAPS to another Ternoa wallet, create and send NFTs, and view dApps. You can download here.

Wallet Address

String of characters that is generated when a Ternoa wallet is created. This address is used to receive assets in your wallet.