📓Glossary

Understanding the terminologies can greatly enhance your Coinback experience. Here’s a compilation of terms and their definitions related to our platform:

1. Coinback (CBK)

A native token of the Coinback platform. Users can buy and hold CBK tokens to earn additional transaction rewards.

2. Ethereum Network

A decentralized, open-source blockchain system that features smart contract functionality.

3. RPC URL

Remote Procedure Call URL. In the context of Coinback, it's a unique URL users set up to route their transactions through our platform.

4. Mempool

A temporary storage space for transactions waiting to get confirmed and added to the blockchain.

5. Builder

Entities or participants in the blockchain network who play a vital role in constructing and verifying new blocks of transactions.

6. MEV (Maximal Extractable Value)

It refers to the profit a builder can make through their ability to include, exclude, or reorder transactions within the blocks they produce. Some MEV strategies can be harmful, like the sandwich attack.

7. Liquidity Pool (LP)

A pool of tokens held in a smart contract that is used to facilitate decentralized trading and other operations, providing liquidity.

8. Vesting Period

A set duration during which tokens allocated (e.g., to the team) cannot be sold or transferred.

9. Referral ID

A unique identifier given to users to share and invite others to the Coinback platform. Both the referrer and referred earn additional benefits from successful referrals.

10. Merkle Tree

A data structure in cryptography, in which every leaf node is labeled with cryptographic hash of a data block, and each non-leaf node is labeled with the cryptographic hash of the labels of its child nodes.

---

This glossary serves as a starting point for understanding Coinback's functionalities and terminologies. As the world of blockchain continues to evolve, we aim to keep our users informed every step of the way. If you come across a term that isn’t listed here, please let us know, and we'll be happy to add it.