There is a lot of terminology surrounding Polkadot and the blockchain in general. In this article, we try to cover the most basic terms that you may come across in articles, videos, or your communication with us.
Some of these terms have variances, meaning different resources use slightly different names for the same thing, and we mention these, too, so you know what is being referred to in all cases.
Finally, the definitions given here have been simplified somewhat. For precise technical definitions and the full Polkadot glossary, check the Wiki Glossary.
Account
Your account is where your tokens are stored. These tokens can be DOT, KSM, or any other token on a Substrate chain because an account can be used on almost all chains built on Substrate. You can read more about that here.
On a low level, it's represented by your public key, but each chain has its own address format and the address on each chain is what you use to receive funds in your account on that chain. That's why the terms account and account's address (or simply address) actually refer to two different things. You can learn more about Substrate accounts and the various address formats in this video.
Account reaped
An account is reaped when its balance drops below the existential deposit (ED). Any remaining balance in the account is burned (lost forever), and the account is deactivated. To reactivate a reaped account, you need to send at least the ED to it.
a.k.a.
Bonding and Staking
These terms are usually used interchangeably, but they mean slightly different things. Bonding is the action of locking up your tokens and is usually performed to stake with them. Staking is using these locked tokens to participate in the security of the network either by validating or nominating validators.
The reverse actions are called unbonding and unstaking, although the second term is not used broadly. We use the term "chilling" instead of "unstaking", and as mentioned above, chilling doesn't also unbond your tokens.
ℹ️ GOOD TO KNOW
Unbonding takes 28 days on Polkadot and 7 days on Kusama.
Chilling
An account chills when it stops nominating or validating. Chilling could be voluntary or forced. A validator may be chilled if they are offline for a prolonged period of time (at least 12 hours on Polkadot).
ℹ️ GOOD TO KNOW
Chilling doesn't unbond your tokens. It simply signals the intention to stop nominating or validating.
Extrinsic
An extrinsic is a piece of information from the outside world that changes the state of the blockchain. The most common example of an extrinsic is the transfer extrinsic that sends tokens from one account to another.
This fundamental extrinsic would be called a transaction on other blockchains, like Bitcoin, but extrinsics are so much more. Extrinsics can do a lot of other things besides transferring tokens, like bonding and unbonding, nominating, voting on governance, and even updating the chain itself!
An extrinsic is identified uniquely by its ID, which is the block number followed by the index of the extrinsic in that block, for example, 6953825-1.
a.k.a.
ℹ️ GOOD TO KNOW
The extrinsic hash is not a unique identifier. You can read more about this here
Fast-unstaking
If a nominator has not been exposed to any active validator for the last unbonding period, "fast-unstaking" allows to instantly unbond tokens.
Generic Substrate address
The generic Substrate address refers to an address format that starts with 5 and isn't the address format of any specific chain (although some chains use this format as their native address format), but rather a generic representation of an account that theoretically represents the account on all chains.
a.k.a.
- Substrate address
- Substrate address format
- Substrate account (technically, this means an account that can be used on Substrate chains)
ℹ️ INFO
We've bolded "theoretically," because although you can use the Substrate address to send DOT, KSM, or any other token to your account, and it would "land" in the correct chain, most wallets and exchanges don't support this and they send only to the specific address format of the respective chain.
Mnemonic phrase
The mnemonic phrase of your account is the list of 12 words that you are given whenever you create a new account. These words can restore your account in case you lose access to it.
This is an industry standard that all non-custodial wallets adopt, although a mnemonic phrase generated in one wallet won't necessarily produce the same account on another, at least not without additional information. Also, some wallets, like Ledger, use 24 words instead of 12.
The mnemonic phrase is the "key to the kingdom". It gives full access to your account, which is why you should never share it with anyone and keep it only on paper, in a safe and secret location. You can learn more about protecting yourself from scams and hacks here.
a.k.a.
- Mnemonic seed
- Seed (official term)
- 12-word phrase
- Recovery phrase
Polkadot extension
By this term, we refer to the browser extension available for Chromium-based browsers (Chrome, Brave, Edge) and Firefox. The extension allows the management of accounts and interaction with any site and dApp that is built on Substrate. It's a gateway to the wider Polkadot ecosystem.
However, you cannot send funds or take other actions directly from the extension. For this, the extension needs to interact with a UI, like the Polkadot-JS UI.
a.k.a.
- Polkadot-JS extension
- Polkadot {js} browser plugin or extension (official term)
- Polkadot browser extension
Polkadot-JS UI
The user interface at https://polkadot.js.org/apps/ that can be used as a wallet for your accounts on all Substrate chains, as a block explorer, to issue extrinsics directly, query the chain, check on governance proposals, and so much more. It provides the full functionality Polkadot and Substrate chains have to offer.
a.k.a. (also known as)
- polkadot.js (technically, this refers to the collection of JavaScript tools for Polkadot that the UI is built upon)
- polkadot.js.org
- Polkadot-JS Apps UI (official term)
Private key
A private key is a hexadecimal number that is used to sign extrinsics. It's the private counterpart of the private-public key pair, and as the name suggests, it needs to be kept safe and secret because it's the only thing needed to prove ownership over an account. It's derived from the mnemonic phrase (along with the public key) but unlike the mnemonic phrase, you'll seldom encounter it or interact directly with it.
a.k.a.
Protocol
This is a quite broad term that refers to the rules of the chain, be it Polkadot, Kusama, or another Substrate chain. To put it differently, a protocol defines how the chain works and what happens in each case. This is what ensures the result of an extrinsic is deterministic.
a.k.a.
Public key
The public key is the low-level representation of your account. It's a hexadecimal number and the public counterpart of the private-public key pair. This means that it can safely be shared as it doesn't give access to your account. However, you'll almost never have to use it directly. Instead, in almost all cases, you'll interact with your account's address. That's what you'll use to have funds sent to your account.
Substrate
Substrate is a blockchain framework. It's a set of tools that can be used and customized to create new blockchains easily. Polkadot, Kusama, and all other chains, parachains, and testnets that are included in Polkadot-JS UI are built on Substrate.
