The acceptance likelihood that a submitted Transaction will be included in a finalized Tock under given network conditions. Also known as inclusion probability. Acceptance probability is a forward-looking measure, unlike Acceptance Rate, which is measured from actual results.

The percentage of submitted Transactions that are successfully included in a finalized Tock. A high acceptance rate indicates strong system reliability and fairness for users submitting transactions. Acceptance rate is an observed outcome, unlike Acceptance Probability, which describes the acceptance likelihood before execution.

A unique alphanumeric identifier on the Tockchain Network, used to send, receive, or hold cryptocurrency. The address holder's position in the Richlist Rank, based on VUSD-equivalent holdings, determines their eligibility and chances of receiving Network Rewards.

Comprehensive access to sensitive information on partnerships, financials, projections, and salaries, available only to Key Investors holding VSTABLE Tokens. In the case of a Collective Investor, confidential information is shared exclusively with its designated representative.

An actual or potential Investor who has been granted direct access to the Valis team and may purchase tokens directly from the Valis treasury.

The process in the Tockchain DLT of exploiting price differences between the Orderbook and Liquidity Pool to profit from synchronized pricing, often automated by bots.

A sell order placed by a Maker on the Tockchain DLT’s Orderbook, specifying a price in VUSD to sell an Asset.

Valis’s implementation of an Crypto Asset in the Tockchain DLT, such as VUSD, VNET, or VPOINT, identified by an Asset ID and used in Transactions like Send Transaction or Trading in a Liquidity Pool.

A Special Transaction Type in the Tockchain DLT that creates a new Asset, requiring a 1000 VUSD deposit as reserve and initial Liquidity Pool funding, with options for mintable or non-mintable Assets using single or Multi-Signature control, requiring a valid pubkeys array and optional multisig field for multi-signer configurations.

A unique identifier for each asset supported by the Tockchain DLT, enabling the management and tracking of multiple assets within the Tockchain DLT.

A Special Transaction Type in the Tockchain DLT that mints additional tokens for a mintable Asset, requiring the creator’s signature or Multi-Signature approval, adding to the Asset’s supply within the Tockchain DLT.

A secure exchange of one Asset for another across Blockchains in the Tockchain DLT, facilitated by a Hashlock Transaction using a secret hash and locktime, ensuring both parties complete the Swapping or funds are refunded.

The average number of real Transactions Per Second by a Blockchain over a specified period, based on real-world Crypto Mainnet data, excluding Crypto Testnet and stress test results. This metric is calculated as the total number of transactions recorded over the specified period divided by the total seconds in that period, averaged across operational data from the mainnet. Example: For a blockchain processing 2,592,000 transactions over a 24-hour period (86,400 seconds), the Average TPS = 2,592,000 / 86,400 ≈ 30 transactions per second.

A buy order placed by a Maker on the Tockchain DLT’s Orderbook, specifying a price in VUSD to purchase an Asset.

A dynamic pricing strategy in Seed Round D of the Valis Stablecoins Seed Fundraiser where investors bid for VSTABLE Tokens starting at a base price, allowing market-driven pricing within a capped total value.

A bundled set of data in a Blockchain, typically containing a list of transactions, a timestamp, a reference to the previous block (via its hash), and a cryptographic hash of its own content. Blocks are linked together chronologically to form the blockchain, ensuring data integrity and immutability.

The maximum data capacity of a block in a Blockchain, typically measured in bytes, which determines the potential number of Transactions per Block. This metric is calculated as the predefined limit set by the blockchain protocol, often adjusted based on network consensus rules (e.g., 1MB for Bitcoin, variable for others). Example: For a blockchain with a predefined limit of 1 MB (1,048,576 bytes), the Block Size = 1,048,576 bytes.

The average time interval required to generate a new Block on a Blockchain network influencing Transaction confirmation speed and network throughput. This metric is calculated as the total time taken to mine or validate a set number of blocks divided by the number of blocks, typically averaged over a recent period (e.g., 10 minutes for Bitcoin). Example: For a network where 10 blocks are mined in 1,000 seconds, the Block Time = 1,000 / 10 = 100 seconds per block.

In cryptocurrency, a distributed ledger of chained Block, secured by cryptographic techniques, recording Crypto Transactions across a network.

A Transaction in the Tockchain DLT that facilitates interoperability with external Blockchains, such as External Chain Creation Transaction or External Asset Creation Transaction.

A Special Transaction Type in the Tockchain DLT that permanently removes a specified amount of an Asset, such as VUSD, from circulation by sending it to a null address, reducing the Asset’s total supply.

The short-term maximum rate of Transactions Per Second the system can process during spikes in activity. Bursts are temporary and rely on buffer capacity before the system returns to Sustained Throughput levels.

A Valis-developed metric that represents the overall performance of a Blockchain network, combining Transaction throughput (measured in Transactions Per Second, TPS) and network reliability (measured in number of nines) into a single score. This metric is calculated as the square root of the product of TPS and 10 raised to the power of the number of nines in reliability (e.g., √(TPS × 10^Reliability), where 99.99% reliability = 4 nines). Example: For a network with TPS = 30,000 and Reliability = 5 nines (99.999%), CPS = √(30,000 × 10^5) ≈ √3,000,000,000 ≈ 54,772.

A Special Transaction Type in the Tockchain DLT that transfers a specified amount of an Asset from a hot address to a destination, sweeping all remaining funds, including up to 32 different tokens, to a new cold address for secure storage.

An Investor that operates as a group or a legal entity representing multiple individuals or entities pooling resources to invest jointly. Examples of collective investors include Investment Syndicates, DAOs, and trusts. When a collective investor qualifies as a Key Investor, only its designated representative is recognized as the Key Investor for official communication and reporting purposes.

One of the two networks in the Dual-Network L1 Tockchain DLT where Consensus Nodes agree on the set and order of transactions for each Tock. The Consensus Network is distributed (run by many independent nodes), decentralized (no single entity controls it), and permissioned (nodes require Valis approval to participate).

A node that operates in the Tockchain DLT’s Consensus Network responsible for agreeing on the set and order of transactions for each Tock. Consensus Nodes are also known as Generator Nodes.

An entity that manages and operates Consensus Nodes in the Tockchain DLT’s Consensus Network. They are responsible for maintaining consensus of the Tockchain Network. Consensus Node Operators receive 10% of the Network Reward Cycle Amount, as compensation for operating and maintaining the Tockchain Network.

The steps involved in achieving agreement in the Tockchain Consensus: 1. Transaction Broadcast. 2. Transaction Summary. 3. Summary Voting. 4. Winning Subsets. 5. Subset Sync. 6. Collision Detection. 7. Signature.

A deduction from gross revenue (e.g., returns, discounts, allowances) that reduces reported net revenue, typically recorded as a debit account offsetting the related revenue account.

A Node Operator managing a Consensus Node or Validation Node in a Core Testnet, ensuring network stability and validating core Tockchain DLT features like Tockchain Consensus, or in the Mainnet, supporting production-ready operations.

A public Testnet focused on validating network stability and core Tockchain DLT features, such as Tockchain Consensus and Transaction throughput, under production-like conditions, enabling public testing before Mainnet deployment.

The estimated cost per Transaction on a Blockchain, based on the network’s operational expenses and its maximum transaction processing capacity. This metric is calculated as the Network Cost per Second divided by the Maximum Theoretical TPS, where Network Cost per Second is derived from the Network Cost per Month divided by the number of seconds in an average month (2,629,800 seconds). Example: With a Network Cost per Second = $10 (from $26,298/month ÷ 2,629,800 seconds) and Peak TPS = 30,000, Cost per Transaction = $10 / 30,000 ≈ $0.000333 per transaction.

A Special Transaction Type in the Tockchain DLT that transfers an Asset, such as QUBIC, from the Tockchain DLT to another Blockchain, identified by a chain ID and external symbol, facilitating interoperability within the Tockchain Ecosystem.

A unique alphanumeric identifier on a Blockchain, used to send, receive, or hold cryptocurrency. It functions like a digital wallet address, enabling secure transactions while maintaining user anonymity.

In cryptocurrency, a digital item of value on a Blockchain, such as tokens, native coins, or non-fungible tokens, used in transactions, smart contracts, or as a store of value.

In cryptocurrency, a trustless exchange of Crypto Tokens between two Blockchain networks, facilitated by a Crypto Hash Timelock Contract ensuring both parties fulfill the Crypto Swapping or funds are refunded.

In cryptocurrency, a reward given to network participants, such as miners in Proof of Work or validators in Proof of Stake systems, for securing and maintaining the distributed ledger by processing transactions and achieving consensus.

A periodic event in certain Blockchain networks where the reward for mining or validating transactions (e.g., block rewards) is reduced by half, typically to control token supply and inflation. Examples include Bitcoin, which halves rewards approximately every four years based on block height.

In cryptocurrency, a Crypto Smart Contract that locks funds until a secret hash is revealed or a locktime expires, enabling trust-less exchanges like Crypto Atomic Swaps.

In cryptocurrency, a temporary loss in value for Crypto Liquidity Providers when the prices of deposited Tokens in a Crypto Liquidity Pool diverge due to market volatility, compared to simply holding the tokens outside the pool. This risk is 'impermanent' because it realizes only upon withdrawal, and can be offset by earned fees or rewards in DeFi protocols.

In cryptocurrency, a reserve of Tokens held in a smart contract or protocol to enable decentralized Trading, token Swapping, or lending, typically in automated market makers. Users deposit tokens as liquidity providers, earning fees or rewards for supporting the network’s liquidity.

In cryptocurrency, a user or entity that deposits Tokens into a Crypto Liquidity Pool to enable decentralized Trading, Swapping, or lending. Crypto Liquidity Providers earn fees, rewards, or interest proportional to their contribution, while bearing risks like Crypto Impermanent Loss.

In cryptocurrency, a Blockchain environment operating with real-value Asset and live Transactions, executing production operations, such as financial transfers or Crypto Smart Contract execution, with actual economic impact.

In cryptocurrency, a Trading system that matches buy and sell orders for Crypto Assets, using a Maker/Taker model where makers place orders at specified prices and takers accept them, common in centralized and decentralized exchanges.

The difference between the expected price of a Crypto Transaction and the actual executed price on a Blockchain, resulting from market volatility, low Crypto Liquidity Pool depth, or delayed order execution. Positive slippage occurs when the executed price is better than expected, while negative slippage indicates a worse price, impacting traders and Crypto TVL across decentralized exchanges.

In cryptocurrency, a self-executing program on a Blockchain that automatically enforces the terms of an agreement, enabling decentralized applications, Crypto Token issuance, or financial services without intermediaries.

In cryptocurrency, a Crypto Token designed to maintain a stable value, typically pegged to a fiat currency like the US dollar, a commodity, or an algorithm, used for Crypto Transactions, decentralized finance, or as a store of value with reduced volatility.

In cryptocurrency Trading, the exchange of one Crypto Token for another, typically facilitated through decentralized protocols like Crypto Liquidity Pools or cross-chain mechanisms, enabling trust-less asset swaps.