- Transparent
- Public Zcash. Balances, transactions, and amounts can be looked up by anyone, the same way they can on Bitcoin. The opposite of shielded.
- Shielded
- Private Zcash. Transactions hide the sender, the recipient, and the amount using zero-knowledge proofs. Only the holder of a viewing key can see them.
- Chain tip
- The most recent block in the longest valid chain. The tip height is its block number; the tip hash identifies it uniquely.
- Canonical lag
- How many blocks the canonical store trails the upstream node by. Non-zero during bulk catch-up and after node restarts; reported when the operator has wired the IngestControl plane.
- Ingest phase
- Where the upstream writer is in its catch-up loop. `following tip` means the canonical store is at the upstream node's tip. `bulk catchup` means the writer is replaying a backlog. `awaiting upstream` means the upstream node itself is not yet ready.
- Derive lag
- How many blocks the derive projections trail the canonical store by. Non-zero when a heavy consumer is catching up; usually zero in steady state.
- UTXO
- Unspent transaction output. A discrete chunk of ZEC sitting at a transparent address, waiting to be spent. Each spend consumes one or more UTXOs and creates new ones.
- Mempool
- The pool of transactions that nodes have seen and validated but that haven't made it into a block yet. Membership is per-node; not every node sees the same mempool.
- Confirmations
- Number of blocks built on top of the block that contains this transaction. More confirmations means deeper finality: at 10+ confirmations a reorg is extremely unlikely.