Absolute Advantage

Absolute Advantage Intermediate An economics concept in which one party has a direct advantage in efficiency in producing/providing a specific good or service over another party.

Governance Token

Developers design governance tokens to let token holders influence the direction of a protocol.

Candidate Block

In a few words, a candidate block is a block that a mining node (miner) is trying to mine in order to receive the block reward. So a candidate block may be described as a temporary block that will be either validated or discarded by the network. Miners compete with each other to validate the next block and add it to the blockchain, but first, they have to create a candidate block to participate in the mining competition.

Bitcoin Halving

A blockchain event known as a "halvening" (or "Bitcoin halving") causes block subsidies or rewards for validating transactions to be reduced by half.