Airdrop
By CoinGecko | Updated on Mar 03, 2020
Airdrop refers to the distribution of a reserve of tokens, usually to users who have completed certain actions or fulfill certain criterias.
Related Terms
Merkle Tree
A Merkle tree is also known as a hash tree in cryptography. It is a tree where every lead node is labelled with cryptographic hash of a data block, and every non-leaf node is labelled with the hash of the labels of its child nodes. It is used to verify of data stored within it and transferable in and between computers.
Distributed Ledger Technology (DLT)
Describes the technology that enables distributed ledger.
Secure Asset Fund for Users (SAFU)
A feature created by Binance which contains reserve funds that can be used to reimburse users in case of a catastrophic event (eg. exchange hack)
Algorithm
Algorithm is a set of rules to follow to solve a problem or conduct a task.

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