In the blockchain industry, any entity that is capable of participating in an action or a network.


In the blockchain industry, the public address of a private key. Addresses serve as an actor's or an account’s identity and are typically represented in hexadecimal notation.

Application-Specific Integrated Circuit (ASIC)

A type of computer processing chip that performs a singular function.

Due to its specialization, an ASIC is much more efficient and cost-effective than a generalized computer processor that can perform many functions. In the blockchain industry, ASIC boards have been used to perform the SHA256 hashing required for Proof-of-Work (PoW), greatly outstripping the hashrate of even the most powerful GPU miners.