Glossary

Below are the definitions of terms you will encounter while exploring the Octus Bridge.

Cross chain transfers - A feature that allows you to transfer tokens from one blockchain network to another

Stake - Tokens locked in the stacking contracts.

BRIDGE- a token used in various Octus Bridge interfaces.

Relayer - validator, who monitors and confirms a set of events in EVM and Everscale network

Relay round - timespan in which specific relayers are active

Election round - timespan in which a stakeholder, who has staked over 100,000 Bridge tokens, can become a relayer

Native token - any crypto asset that can be used natively to perform a service to a protocol in exchange for a reward

Proposal - suggestion created by any stakeholder related to changes which can be voted in favor or against

Staker/stakeholder - anyone willing to invest their assets in order to participate in network development

Governance - decision-making power accessible to a global distributed community of stakeholders

Vote - decision made for any active proposal. It can be in favor of the proposal or against it

Vault - storage solution that provides an additional layer of security to digital wallets

Event - action emitted in order to notify another participant in the network.

EVM actions - actions that happen on EVM.

TON actions - actions that happen on Everscale.

Keys - public keys of relayers needed for communication between EVM and Everscale

Mint - the process of generating new coins.

Burn - permanently removing a number of tokens from circulation.