Glossary

B

Bitkub NEXT

Bitkub NEXT is an application on the KUB which securely keeps the cryptocurrency.

D

Delegator

A delegator is a virtual entity that holds KUB or KKUB but is unable or chooses not to operate a validator node themselves. They contribute to the security of the KUB network by delegating their KUB or KKUB to validator nodes. A delegation is possible through a ValidatorShare contract. A delegator will receive a part of the reward distributed to validators, which they delegated their KUB or KKUB.

E

Epoch

Epoch is a predetermined period of time in the world of cryptocurrencies during which blocks are generated and added to the blockchain.

F

Faucet

Faucet is a service that mints tKUB on devnet and testnet. tKUB on these networks has no real-world value, it is only for development purposes.

I

IPFS

The InterPlanetary File System (IPFS) is a set of composable, peer-to-peer protocols for addressing, routing, and transferring content-addressed data in a decentralized file system.

K

KUB

KUB is the native token of the KUB network.

KKUB

KKUB is a form of KUB that is wrapped in a smart contract in order to make it function like a KAP-20 token and become compatible with DApps on the KUB network. 1 KKUB and 1 KUB are equal in value.

R

RPC

The Remote Procedure Call is a technology that is used to transfer data between endpoints.

S

SDKs

Software development kits (SDKs) are sets of tools that enable a developer to create a custom app on the KUB network.

V

Validator

A validator is a virtual entity that lives on the KUB network and participates in the consensus of the KUB protocol. Validators are represented by a balance, public key, and other properties. A validator client is a software that acts on behalf of the validator by holding and using its private key. A single validator client can hold many key pairs, controlling many validators.

In return for their services, validators receive rewards. These rewards can include newly minted tokens as block rewards, transaction fees from validated transactions, and staking rewards for locking and staking their cryptocurrency as collateral. The amount and method of rewards may vary depending on the blockchain protocol, but validators are incentivized to act honestly and maintain the network's integrity to preserve their staked tokens and continue earning rewards.

W

Wei

Wei is the smallest denomination of KUB, the currency used to facilitate transactional operations on the KUB Network.

$$1 KUB = 1,000,000,000,000,000,000 wei (10^{-18})$$