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Add glossary for common terms #870

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Add glossary for common terms #870

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9 changes: 9 additions & 0 deletions docs/GLOSSARY.md
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# Glossary

**Node** — A participant in the Base network responsible for validation and communication.

**Execution Layer** — The part of the system responsible for processing transactions.

**Base** — An Ethereum Layer 2 network focused on scalability.

This glossary is intended for newcomers.