Definition of Bounty

Much like the Bounties of the Wild West, but no dead cowboys needed. Crypto bounties are usually tasks available for "bounty hunters" to complete certain simple tasks such as liking a social media post, following a profile and other.

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Related Terms

Burned Tokens

Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable.

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.

Genesis block

It is the first block of data that is processed and validated to form a new blockchain, typically called as 'block 0' or 'block 1'.

Multisignal (multi-signature)

They are wallets that require more than one key for transactions to be authorized.

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