Blockchain Basics

Here you can find basic blockchain concepts tailored for Mosaic Chain.

Core Concepts

• Block — The fundamental unit of a blockchain, containing state and transaction data.
• Blockchain — How blocks link together via parent hashes to form an immutable chain.
• Node — A computer running the blockchain client, including validator and light nodes.
• Runtime — The on-chain logic that determines how blocks are produced and extrinsics are processed.
• Extrinsic — Calls (transactions) sent to the chain for execution.

Accounts & Assets

• Account — An actor on the blockchain identified by a public address.
• Token — Fungible currencies on Mosaic Chain, including the native Mosaic Coin (MOS).
• NFT — Unique, non-fungible tokens that represent distinct digital assets.
• Wallet — Software that manages your keypairs and lets you interact with the chain.

Network Participants

• Validator — Collators that produce blocks and earn rewards on the parachain.