An alternative to Bitcoin, this cryptocurrency term encompasses all non-Bitcoin digital currencies.

Bahamut serves as an open-source DLT platform, empowered by smart contracts, designed to embrace the entirety of the Web3 ecosystem.

A computer file designed to store transactional data, which can be subsequently organized in a linear sequence, creating the foundation for a blockchain. These digital containers serve as repositories for information, akin to the pages in a book, with each block in a blockchain functioning much like a page.

- In a block, there exists a distinct section that encapsulates metadata and a concise summary of the block's transactions. This particular information is subject to hashing during the mining process. Websites such as Etherscan.io, known as block explorers, diligently monitor and display all blockchain activities, providing open and easily accessible insights to anyone on the internet.

It's a digitized, decentralized ledger that systematically records transaction data for a cryptocurrency in chronological order. This digital ledger technology, commonly decentralized, organizes transactional and other data into interconnected blocks in chronological sequence.

Centralization occurs when planning and decision-making processes are consolidated at a specific focal point within a system. Centralized systems are characterized by their association with a particular company or group, where all operations are tightly controlled and overseen by the entity in charge.