Capy Lexicon

glossary

Blockchain:

Think of a digital ledger that records transactions in a secure and transparent way. A blockchain is a decentralized database that stores information across a network of computers.

CAPY (ERC-20) :

The base of the system, this token is necessary to managed your interaction in all capybara environment . It's for create ID, vote, ..

DeFi (decentralized finance):

Refers to a category of financial services that are built on blockchain technology and operate without traditional intermediaries like banks or brokerages. Instead, DeFi applications leverage smart contracts, which are self-executing contracts with the terms of the agreement directly written into code.

DAO (Decentralized Governance):

DAO stands for Decentralized Autonomous Organization. It's a concept that originated from blockchain technology and smart contracts, aiming to create organizations that operate without centralized control.

Smart-Contract:

Imagine a digital contract that automatically enforces its terms without needing a middleman. A smart contract is a piece of code stored on a blockchain that runs exactly as programmed. It's like a virtual vending machine.

GARDEN (Liquidity Provider CAPY-ETH):

Imagine a digital voucher that represents your share of ownership in a pool of assets. LP stands for "Liquidity Provider." In decentralized finance (DeFi), when you contribute your cryptocurrency to a liquidity pool, you receive LP tokens in return. These tokens represent your stake in the pool and entitle you to a portion of the fees generated by the trading activity within that pool.

EVM (Ethereum Virtual Machine) Blockchain:

Picture a digital playground where smart contracts come to life. The EVM is like the engine that powers the Ethereum blockchain. It's a virtual machine that executes smart contracts, which are self-executing agreements written in code. When someone wants to interact with a smart contract on the Ethereum blockchain, they send a transaction to the EVM. The EVM then processes the code according to the rules of the Ethereum network, executing the contract and updating the blockchain's state. This process ensures that smart contracts on the Ethereum blockchain run reliably and securely, enabling a wide range of decentralized applications (DApps) and financial services.