Glossary

Announcement is a statement of call hash for the Proxy to execute in some future block. Required for some proxies where delay is specified.

Asset Teleportation is a movement of an asset by destroying it on one side and creating a clone on the other side

A generic filter which returns whether or not XCM may pass and be executed. If they do not pass the barrier, they are not executed. The barrier is the final filter before XCM execution. It implements the ShouldExecute trait and therefore takes as input an XCM and returns a bool indicating whether it should be executed.

The process of destroying existing assets.

Candidacy bond is fixed amount to deposit to become a Candidate.

Candidate is a self-promoted Collator, who deposited a candidacy bond to participate in collation process

Collator is a node that gathers collation information and communicates it to relay chain to make a block.

Delay is number of block that should pass from Announcement before call execution.

Delegatee is an account that was granted call execution rights with Proxy creation.

Delegator is an account that granted call execution rights with Proxy creation.

Freeze is reserving some amount from the account. For example, to make a transaction, the amount to be sent might be first frozen, then the checks for the transaction will be made. If the checks pass, the amount will be deducted from the sender’s account and added to the recipient’s. Freeze should be preferred if the reserved money can be lost/sent due to external reasons.

An asset where any unit of it worth the same. Opposite of NonFungible Asset

An asset meaning that it is not interchangeable with other assets of the same type. For example, a non-fungible asset could be an NFT, while a fungible asset could be a currency token.

Hold means reserving/holding an amount of balance from an account. The Hold amount cannot be spent, but still belongs to the account. For example, depositing modifying the state, and occupying space. This deposit will be repaid once the occupied space is freed.

Invulnerable is a permissioned Collator, that will always be part of the collation process

Junction is a single item in a path to describe a relative location (think of dir or dir/$file_path as a junction).

Junctions is multiple `Junction`s, formed only through MultiLocation construction.

A fee proportional to the encoded length of the transaction.

Nearly the same as Hold, with 2 major differences:

The process of creating new assets.

Either an amount of a single fungible asset, or one non-fungible asset.

A path described by junctions leading to the location.

An asset where each unit is worth a different amount and/or is unique in some way. Opposite of Fungible Asset.

Pot is a stake that will reward block authors. Block author will get half of the current stake.

Proxy is a statement of call execution rights transfer from Delegator to Delegatee. Specified by Proxy type and Delay.

Proxy type is a type of calls that can be executed using this Proxy.

Pure account is an account that was spawned only to be a Delegatee for some Proxy.

Deprecated, use Hold.

When consensus systems do not have a established layer of trust over which they can transfer assets, they can opt for a trusted 3rd entity to store the assets

The process of unfreezing an asset after being frozen.

An optional tip. Tip increases the priority of the transaction, giving it a higher chance to be included by the transaction queue.

A sequence of blocks that were not yet included into the relay chain state transition

Validation Code is the runtime binary that runs in the parachain

Validation Data is the information passed from the relay chain to validate the next block

The time it takes to execute runtime logic. By controlling the execution time that a block can consume, weight bounds the storage changes and computation per block.

A fee proportional to amount of Weight a transaction consumes.