⏳Glossary

Client: A person or an organization that uses DeeLance to find and hire a freelancer.

Freelancer: An independent laborer who earns wages on DeeLance by conducting projects posted by clients. A freelancer on DeeLance is paid on a per-task basis.

Connector: An individual who connects freelancers to projects.

Project Contract: A project ticket is a contract by clients and includes details about the project, such as description, budget, and duration preferences. After a contract is posted, it becomes available for freelancers to execute.

Task: Tasks are pieces of work to be done or undertaken. Clients and freelancers can create tasks within a project. Once a task is created, a freelancer can modify its status to reflect its current position in the workflow. For example, by moving it from "In Progress" to "In Review".

Clients can also modify the status of a task. A status that is exclusive to clients is "Done", where a client can mark a task complete and initiate the payment process.

NFTs: A non-fungible token is a unit of data stored on a blockchain that certifies a digital asset to be unique and therefore not interchangeable. It means that NFTs are unique. NFTs cannot be duplicated or replaced and only one token can exist.

NFTs can be used to represent items such as photos, videos, audio, and other types of digital files.

Metaverse: Metaverse is a concept of a persistent, online, and 3D universe that combines multiple virtual spaces. You can think of it as a future iteration of the internet. The metaverse will allow users to work, meet, game, and socialize together in these 3D spaces.

ERC-20

The ERC-20 introduces a standard for Fungible Tokens. In other words, it's a property that makes every Token exactly the same (in type and value) as another Token. For example, an ERC-20 Token acts just like the ETH. Also, this means that any single Token is and will always be equal to all the other Tokens.

ERC-721

The ERC-721 introduces a standard for NFTs. In other words, this type of Token is unique and can have a different value than another Token from the same Smart Contract, maybe due to its age, rarity, or even something else like visuals.

Blockchain

A blockchain is a decentralized system that records transactions made in Bitcoin or any other cryptocurrency, maintained by several computers linked in a peer-to-peer network. It can be seen as a ledger that facilitates the process of recording transactions and tracking assets.

Block

A Block, or Blocks, is a data structure within the blockchain where transactions are recorded permanently. Blocks are used to record all recent transactions that haven't been validated by the network. Once the data is completely validated, the block is closed and a new block is generated.

ETH

Ethereum is the main cryptocurrency token of the Ethereum blockchain. ETH is used to pay for all types of transactions and interactions you make on the Ethereum blockchain. Examples include sending tokens, purchasing NFTs, performing exchanges, etc.

EVM

Ethereum Virtual Machine (EVM) is an engine that acts as a decentralized computer having multiple executable projects. It acts as the virtual machine which is the core foundation of Ethereum's entire operating structure.

Gas Fees

Gas fees are incentives made as payments from blockchain users for the computing energy required to process and validate transactions on the blockchain performed by the blockchain miners.

Smart Contract

As a basic example, smart contracts work like sale scripts that when called with specific parameters can perform specific actions attached to that smart contract if pre-existing conditions are fulfilled. For example, a sales smart contract could mint and assign the ownership of a digital asset if the caller sends ETH to a specific recipient.

DApp

A DApp (Decentralized Application) is an application that operates autonomously, through the use of smart contracts on the blockchain, just like conventional apps, a DApp provides utility to users who interact with the applications on the blockchain.

Account

A blockchain account is a digital wallet that allows users to store and manage their cryptocurrencies in a safe way. One must not mistake a blockchain account with a blockchain imported on a blockchain wallet application as these are different and blockchain wallet applications which only work as a window to your account which is stored in the blockchain.