WOSCHI’s World – Explained
A blockchain is a public digital ledger that records transactions in blocks. These blocks are linked together in chronological order, making the data traceable and tamper-resistant. It is decentralized, meaning no single entity controls it.
Blocks are units of data that contain a list of transactions. Each block is added to the blockchain one after another. Once added, a block cannot be changed. It includes a timestamp, a reference to the previous block, and the new transaction data.
A wallet in the crypto world is not a container, but a set of keys. It allows you to access and manage your digital assets. Wallets can be software (like apps) or hardware devices. They interact with the blockchain and are essential for sending or receiving coins.
A crypto wallet is made up of two keys: a public key and a private key. The public key is like an address you can share to receive funds. The private key must remain secret – it proves ownership and allows you to access or send your assets.
In blockchain systems, a signature is a cryptographic proof that someone approves a specific action – like sending coins or confirming a message.
It is created using the private key of a wallet and is mathematically linked to the action being approved.
The signature cannot be forged and can be verified by anyone using the corresponding public key.
Signatures are essential for trust and security in decentralized systems.
They confirm that the rightful owner agreed to a transaction or message – without revealing their private key.
It is created using the private key of a wallet and is mathematically linked to the action being approved.
The signature cannot be forged and can be verified by anyone using the corresponding public key.
Signatures are essential for trust and security in decentralized systems.
They confirm that the rightful owner agreed to a transaction or message – without revealing their private key.
A transaction is the act of sending data or value from one wallet to another on a blockchain.
Most commonly, it means transferring cryptocurrency (like WOSCHI) from one person to another.
Every transaction typically includes:
- a sender (who signs it),
- a recipient (who receives the value),
- and the amount being sent.
Transactions are bundled into blocks, verified by the network, and permanently recorded on the blockchain.
Once confirmed, a transaction cannot be changed or undone.
Transactions are public but pseudonymous – meaning the wallet addresses are visible, but not directly tied to real-world identities.
Most commonly, it means transferring cryptocurrency (like WOSCHI) from one person to another.
Every transaction typically includes:
- a sender (who signs it),
- a recipient (who receives the value),
- and the amount being sent.
Transactions are bundled into blocks, verified by the network, and permanently recorded on the blockchain.
Once confirmed, a transaction cannot be changed or undone.
Transactions are public but pseudonymous – meaning the wallet addresses are visible, but not directly tied to real-world identities.
A blockchain address is a unique string of letters and numbers.
It works like a digital mailbox – anyone can send tokens to it, but only the owner can open it.
Addresses are created from public keys and help identify who receives a transaction.
It works like a digital mailbox – anyone can send tokens to it, but only the owner can open it.
Addresses are created from public keys and help identify who receives a transaction.
A token is a digital asset that lives on a blockchain.
Unlike coins (like Bitcoin or Solana), tokens don’t have their own blockchain – they use an existing one.
Tokens can represent anything: a currency, a ticket, a vote, or even a fluffy blue creature like WOSCHI.
Most tokens are created using smart contracts and follow specific standards (like SPL on Solana or ERC-20 on Ethereum).
Even though they are technically tokens, many projects casually call them coins – especially in the world of memecoins.
That’s why WOSCHI is called a coin – even though it’s a token.
WOSCHI is a token on the Solana blockchain.
Unlike coins (like Bitcoin or Solana), tokens don’t have their own blockchain – they use an existing one.
Tokens can represent anything: a currency, a ticket, a vote, or even a fluffy blue creature like WOSCHI.
Most tokens are created using smart contracts and follow specific standards (like SPL on Solana or ERC-20 on Ethereum).
Even though they are technically tokens, many projects casually call them coins – especially in the world of memecoins.
That’s why WOSCHI is called a coin – even though it’s a token.
WOSCHI is a token on the Solana blockchain.
A balance shows how many tokens or coins are currently held in a specific wallet. It is usually displayed in a blockchain explorer or wallet app and updates automatically after each transaction.
The balance is calculated by summing up all received amounts and subtracting all sent amounts – based on the publicly visible transaction history of the address.
Sometimes, you may see a difference between the total balance and the available balance.
This can happen if part of the funds is locked or temporarily reserved – for example, due to pending transactions or staking.
The balance is calculated by summing up all received amounts and subtracting all sent amounts – based on the publicly visible transaction history of the address.
Sometimes, you may see a difference between the total balance and the available balance.
This can happen if part of the funds is locked or temporarily reserved – for example, due to pending transactions or staking.
A confirmation is the moment when a transaction becomes part of the blockchain.
When someone sends a transaction (like transferring tokens), it does not become valid immediately. First, it enters a waiting area called the mempool. From there, it must be included in a new block by a validator (or a miner, depending on the blockchain).
Once the block containing the transaction is added to the blockchain, the transaction is considered confirmed.
This means:
It is now part of the permanent record
It cannot be changed or reversed
Other participants can trust it
Some blockchains confirm transactions in a few seconds (e.g. Solana), others take minutes (e.g. Bitcoin).
The more confirmations a transaction has (i.e. the more blocks are built on top of it), the more secure it is.
When someone sends a transaction (like transferring tokens), it does not become valid immediately. First, it enters a waiting area called the mempool. From there, it must be included in a new block by a validator (or a miner, depending on the blockchain).
Once the block containing the transaction is added to the blockchain, the transaction is considered confirmed.
This means:
It is now part of the permanent record
It cannot be changed or reversed
Other participants can trust it
Some blockchains confirm transactions in a few seconds (e.g. Solana), others take minutes (e.g. Bitcoin).
The more confirmations a transaction has (i.e. the more blocks are built on top of it), the more secure it is.