Glossary

This glossary provides definitions of terms specific to the InfinityMesh Protocol.

Blockchain​

An unchangeable ledger of transactions copied among a network of independent computer systems.

Blocks​

Groups of information stored on a blockchain. Each block contains transactions that are grouped, verified, and signed by validators.

Bonded validator​

A validator in the active set participating in consensus. Bonded validators earn rewards.

Bonding​

When a user delegates or bonds IFM to a validator to receive staking rewards. Validators never have ownership of a delegator's IFM, even when bonded. Delegating, bonding, and staking generally refer to the same process.

Commission​

The percentage of staking rewards a validator keeps before distributing the rest of the rewards to delegators. Commission is a validator’s income. Validators set their own commission rates.

Community pool​

A special fund designated for funding community projects. Any community member can create a governance proposal to spend the tokens in the community pool. If the proposal passes, the funds are spent as specified in the proposal.

dApp​

An application built on a decentralized platform.

DDoS​

Distributed denial-of-service attack. When an attacker floods a network with traffic or requests in order to disrupt service.

DeFi​

Decentralized finance. A movement away from traditional finance and toward systems that do not require financial intermediaries.

Delegate​

When users or delegators add their IFM to a validator's stake in exchange for rewards. Delegated IFM is bonded to a validator. Validators never have ownership of a delegator's IFM. Delegating, bonding, and staking generally refer to the same process.

Delegator​

A user who delegates, bonds, or stakes IFM to a validator to earn rewards. Delegating, bonding, and staking generally refer to the same process.

Fees​

• Gas: Compute fees added on to all transactions to avoid spamming. Validators set minimum gas prices and reject transactions that have applied gas prices below this threshold.

Full node​

A computer connected to the InfinityMesh mainnet that is able to validate transactions and interact with the InfinityMesh blockchain. All active validators run full nodes.

Governance​

Governance is the democratic process that allows users and validators to make changes to the InfinityMesh protocol. Community members submit, vote, and implement proposals. One staked IFM is equal to one vote.

Governance proposal​

A written submission for a change or addition to the InfinityMesh blockchain. Topics of proposals can vary from community pool spending, software changes, or parameter changes.

IBC​

Inter-Blockchain Communication. The technology that enables different blockchains to interact with each other. IBC allows for assets to be traded and transacted across different blockchains.

Inactive set​

Validators that are not in the active set. These validators do not participate in consensus and do not earn rewards.

Jailed​

Validators who misbehave are jailed or excluded from the active set for a period of time.

IFM​

The native staking token of the InfinityMesh protocol. IFM is also used as a governance token. Delegators can stake IFM to receive rewards.

Miss​

When a vote fails to be included in consensus.

Module​

A section of the InfinityMesh Core that represents a particular function of the InfinityMesh protocol.

Pools​

Groups of tokens. Supply pools represent the total supply of tokens in a market.

Proof of Stake​

A blockchain consensus mechanism where validators are chosen to confirm blocks at a rate proportional to their stake.

Rewards​

Revenue generated from fees given to validators and disbursed to delegators.

Self-delegation​

The amount of IFM a validator bonds to themselves. Also referred to as self-bonding.

Slashing​

Punishment for validators that misbehave. Validators lose part of their stake when they get slashed.

Slippage​

The difference in a coin's price between the start and end of a transaction.

Stake​

The amount of IFM bonded to a validator.

InfinityMesh Core​

The official source code for the InfinityMesh protocol.

For more information on the InfinityMesh Core, see InfinityMesh Core modules.

InfinityMesh mainnet​

The InfinityMesh protocol's blockchain network where all transactions take place.

Station​

InfinityMesh's native wallet and platform for swaps, governance, and staking. In Station, you can send, receive, and stake InfinityMesh tokens. You can also participate in governance and vote on proposals.

To learn how to install and get started using Station, visit the Station tutorial.

To learn how to use the advanced features of Station, visit the Station how-to guide.

The InfinityMesh ecosystem​

A quickly expanding network of decentralized applications built on the InfinityMesh protocol.

Tombstone​

A tombstoned validator is blocked from participating in consensus and cannot rejoin the active set.

Total stake​

The total amount of IFM bonded to a delegator, including self-bonded IFM.

Unbonded IFM​

IFM that can be freely traded and is not staked to a validator.

Unbonded validator​

A validator that is not in the active set and does not participate in consensus or receive rewards. Some unbonded validators may be jailed.