Glossary
Technical terms and definitions used throughout Price Play documentation.
A
Atomic Transaction
A database operation that either completes entirely or not at all. Prevents partial updates that could corrupt data.
B
BEP-20
The token standard on BNB Chain, equivalent to ERC-20 on Ethereum.
BNB Chain
The blockchain network where Price Play operates. Also known as BSC (Binance Smart Chain). Chain ID: 56.
C
CEX
Centralized Exchange. Traditional exchanges like Binance, MEXC, Bitget.
Chain ID
A unique identifier for a blockchain network. BNB Chain = 56, Ethereum = 1.
D
DEX
Decentralized Exchange. Platforms like PancakeSwap where you trade directly from your wallet.
E
Edge Function
Serverless backend functions that run on demand. Used for processing bets and withdrawals.
G
Gas
The fee paid to process transactions on the blockchain. Paid in BNB on BNB Chain.
M
MPC (Multi-Party Computation)
A cryptographic technique where a private key is split across multiple parties. No single party can access the full key. Used by Turnkey for secure signing.
Multiplier
The payout ratio for a bet. A 5x multiplier means you receive 5 times your stake if you win.
N
Nonce
A unique number used once. Prevents replay attacks by ensuring each withdrawal can only be processed once.
P
PancakeSwap
The largest DEX on BNB Chain. Where you can buy and sell $PLAY tokens.
R
Reentrancy Attack
An exploit where a contract calls back into itself before the first execution completes. Prevented by the checks-effects-interactions pattern.
RLS (Row Level Security)
Database security feature that restricts which rows a user can access. Ensures users can only see their own data.
S
Slippage
The difference between expected and actual price in a trade. Higher slippage = more price movement tolerance.
Smart Contract
Self-executing code on the blockchain. The Price Play Vault is a smart contract.
T
TEE (Trusted Execution Environment)
A secure area of a processor where code runs in isolation. Used by Turnkey to protect private keys.
Timeframe
The duration of a betting cycle. Price Play offers 5s, 10s, 15s, 30s, and 60s timeframes.
Token Gate
Access restriction based on token holdings. Price Play requires 100,000 $PLAY to access.
Tolerance
The price range within which a bet is considered a win. Varies by timeframe.
Turnkey
The MPC provider used for secure key management and transaction signing.
TWAP (Time-Weighted Average Price)
The average of multiple price points over time. Used to determine bet outcomes, preventing manipulation.
V
Vault
The smart contract that holds deposited BNB. Users deposit to and withdraw from the vault.
Verified Contract
A smart contract whose source code is published on the block explorer, allowing anyone to audit it.
Vesting
A schedule that releases tokens over time. Team tokens vest over 18 months.
W
WalletConnect
A protocol for connecting mobile wallets to web applications.
Web3
The decentralized web, built on blockchain technology. Also refers to the JavaScript library for interacting with Ethereum-compatible blockchains.
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