Glossary
Short definitions used across the documentation and whitepaper.
Questions about EraX Digital, its products, supported networks, development status, and future plans are answered on the Frequently Asked Questions page in Getting Started.
| Term | Meaning here |
|---|---|
| Web3 | Software that can use blockchains and user-controlled wallets, not a guarantee of decentralization. |
| SocialFi | Social networking combined with ownership and payments. Not a synonym for a token. |
| Blockchain | A public ledger of confirmed transactions. |
| Ethereum | The Layer 1 network planned for ownership and settlement. |
| Base | An Ethereum Layer 2 planned for everyday transactions. Not a separate Layer 1. |
| Layer 2 | A network that executes transactions in relation to Ethereum rather than replacing it. |
| Smart contract | A program at an address on a blockchain. None are deployed by this site. |
| Digital wallet | Software that holds keys and asks the user to approve signatures and transactions. |
| Digital identity | The account, profile, and any voluntarily linked address. They are not the same object. |
| On-chain | Recorded in a blockchain transaction. |
| Off-chain | Stored or processed outside the blockchain, under application rules. |
| Tokenization | Representing a right or asset as a token. EraX Assets is only a future exploration of this idea. |
| Creator economy | Tools for creators to charge for access, subscriptions, and tips. |
| Digital ownership | Control of a record or asset authorized by a wallet, not ownership of every social click. |
| Transaction | A signed blockchain instruction. |
| Gas fee | The network fee for a transaction. It is not an EraX subscription fee. |
| Wallet signature | Cryptographic approval by the key holder. It may sign a message or a transaction. |
| Decentralized application | An application that uses a smart contract and a wallet. The label is not used here unless those parts exist. |
