🌳Glossary

The Decentralized Powerhouse Of AI Innovation

$NEXARA: The native utility token of the Nexara Network, used for staking, governance, and incentivizing participation in the ecosystem.

AI (Artificial Intelligence): The simulation of human intelligence in machines, enabling them to perform tasks that typically require human-like cognition.

API (Application Programming Interface): A set of rules, protocols, and tools that define how software components should interact with each other.

Blockchain: A decentralized, distributed ledger technology that records transactions across a network of computers, ensuring transparency, immutability, and security.

Consensus Mechanism: A protocol used by blockchain networks to achieve agreement on the state of the ledger among distributed nodes.

DAO (Decentralized Autonomous Organization): An organization represented by rules encoded as a computer program, controlled by the organization members and not influenced by a central government.

DApp (Decentralized Application): An application that runs on a decentralized network, such as a blockchain, rather than a single computer.

Decentralized Computing: A distributed computing paradigm where resources, such as processing power and storage, are shared among a network of computers rather than centralized in a single location.

DeFi (Decentralized Finance): A financial system that operates on blockchain technology, enabling peer-to-peer transactions without the need for intermediaries.

Edge Computing: A distributed computing paradigm that brings computation and data storage closer to the location where it is needed, reducing latency and improving performance.

Gas: A unit that measures the computational effort required to execute operations on the Nexara Network.

Governance: The process by which decisions are made and implemented within the Nexara Network ecosystem.

IPFS (InterPlanetary File System): A protocol and peer-to-peer network for storing and sharing data in a distributed file system.

Layer 2 Solution: A secondary protocol built on top of an existing blockchain, designed to improve scalability and efficiency.

Nex AI: A decentralized network of AI modules within the Nexara Network, enabling the integration of AI capabilities into dApps.

Nex Chain: The blockchain integration layer of the Nexara Network, facilitating seamless interaction with various blockchain networks.

Nex Fabric: The decentralized computational fabric of the Nexara Network, harnessing idle computing resources to power distributed computing.

Nex Market: A decentralized marketplace within the Nexara Network ecosystem, allowing users to buy and sell computational resources.

Nex Orchestrate: An intelligent resource orchestration system that optimizes the allocation and distribution of computational tasks across the Nexara Network.

Nex Registry: A blockchain-based asset registry system within the Nexara Network, enabling secure and transparent tracking of digital assets.

Node: A computer connected to the Nexara Network that participates in processing transactions and maintaining the integrity of the network.

Oracle: A third-party service that provides external data to smart contracts on the Nexara Network.

Scalability: The ability of a system, such as the Nexara Network, to handle increased workload and accommodate growth without compromising performance.

SDK (Software Development Kit): A collection of tools, libraries, and documentation that facilitates the development of applications for a specific platform, such as the Nexara Network.

Smart Contract: A self-executing contract with the terms of the agreement directly written into code, automatically enforced by the blockchain.

Staking: The act of locking up $NEXARA tokens as collateral to participate in the governance and security of the Nexara Network, often rewarded with additional tokens.

Tokenomics: The economic model and incentive structure designed around the $NEXARA token, governing its distribution, utility, and value.

Trustless: A property of blockchain systems, like the Nexara Network, that allows parties to interact without needing to trust each other or a third party.

Turing-complete: A property of a computational system that can simulate any Turing machine, enabling it to perform any computation that a Turing machine can do.

Web3: A decentralized, blockchain-based iteration of the World Wide Web, emphasizing user privacy, data ownership, and decentralized applications.

Zero-knowledge Proof: A cryptographic method that allows one party to prove to another party that a statement is true without revealing any additional information.