The Glossary for Injective User II
(Part II: F to R)
Use this glossary to become familiar with words related to injective.
Frequent Batch Auction (FBA): Injective’s paradigm for on-chain order matching. Compared to Continuous Double Auction (CDA), which is used by the majority of Centralised exchanges providing cryptocurrency derivatives and conventional financial markets, this strategy makes better use of capital. Additionally, front-running opportunities are eliminated by the Frequent Batch Auction approach.
Full node: A device that can communicate with Injective and validate transactions that is connected to the [Injective mainnet. Every validator in use is running a full node.
Gas Fees: To prevent spamming, compute costs that are added to every transaction. Transactions with implied petrol costs below this threshold are rejected by validators, who also establish minimum petrol prices.
Governance: Users and validators can make modifications to Injective through the democratic process known as governance. Proposals are submitted, voted on, and implemented by the community. A vote is equivalent to one staked INJ.
Governance proposal: A formal proposal for an amendment or addition to the injectable protocol. Proposals may cover anything from community pool expenditures to program modifications, parameter adjustments, or any Injective-related improvements.
IBC: Blockchain to Blockchain Communication. The technology that makes it possible for various blockchains to communicate with one another. Asset trading and transactions across several blockchains are made possible by IBC.
INJ: The Injective native token.
Injectived: An Injective node can be interfaced with via the command line.
Injective core: The official Injective source code.
Injective Hub: The platform used by Inejctive for INJ burn auctions, governance, staking, and wallets.
Inactive set: Validators outside of the active group. These verifiers don’t take part in consensus processes or receive compensation.
Jailed: Misbehaving validators are either imprisoned or temporarily removed from the active set.
Maximum Extractable Value (MEV): The most amount of value that may be obtained from block production by varying the order, inclusion, and exclusion of transactions within a block, above and beyond the usual block reward and gas fees.
Module: A portion of the injective core that symbolizes a certain injective function. For more details, see the requirements for the injective core module.
Oracle: A third-party platform that gives Injective access to outside, real-world data. This is the price feed, usually.
Pools: Collections of tokens. A market’s total supply of tokens is represented by supply pools.
Proof of Stake: a blockchain validation technique where validators are selected based on how many cryptocurrencies they possess to propose blocks.
Quorum: The lowest number of votes required for an election to be considered valid. To reach quorum, 33 percent of all staked INJ must vote. A quorum must be reached before the voting session expires, otherwise, the proposal is rejected and the proposer’s deposit is lost.
Redelegate: In the event that a delegator wishes to switch validators for their bonded INJ. Redelegating INJ doesn’t need a 21-day unbonding period; it can happen instantly.
Rewards: Income from fees paid to delegators and awarded to validators.
Continue on Part III……..
