Merkle Tree

Merkle Tree is a computer science term found in cryptocurrencies like Ethereum. It condenses large datasets into a single hash called the Merkle root. This root is included in a block’s header, enabling easy verification of transaction authenticity.

Any attempt to alter a transaction is quickly detected as it would require recalculating the Merkle root, ensuring data integrity and enhancing blockchain efficiency and security.

More Definitions

Mainnet

Mainnet is the term used in blockchain technology to refer to the production or live network of a cryptocurrency or blockchain platform.

Market Cap

Market capitalization, often referred to as market cap, is a financial metric used to assess the total value of a cryptocurrency.

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